Inv Vk Pa Valu (NYSE:VPV) Stock Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• VPV shares fell below their 50-day moving average of $11.02, trading as low as $10.48 before last changing hands at $10.6230.
• The trust declared a monthly dividend of $0.0667 per share, or $0.80 annualized, representing a 7.5% yield. The dividend is payable September 30 to shareholders of record as of September 14.
• Several institutional investors increased their positions, including NewEdge Advisors, which boosted its stake by 180.3%; VPV is a closed-end fund focused primarily on Pennsylvania municipal securities and tax-exempt income.

Inv Vk Pa Valu (NYSE:VPV - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $11.02 and traded as low as $10.48. Inv Vk Pa Valu shares last traded at $10.6230, with a volume of 37,289 shares traded.

Inv Vk Pa Valu Stock Performance

The business's 50 day simple moving average is $11.02 and its two-hundred day simple moving average is $10.95.

Inv Vk Pa Valu Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.0667 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Monday, September 14th.

Hedge Funds Weigh In On Inv Vk Pa Valu

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its stake in shares of Inv Vk Pa Valu by 180.3% during the 2nd quarter. NewEdge Advisors LLC now owns 62,553 shares of the financial services provider's stock worth $708,000 after acquiring an additional 40,238 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Inv Vk Pa Valu during the 2nd quarter valued at about $263,000. Bank of America Corp DE lifted its position in shares of Inv Vk Pa Valu by 1.7% during the 1st quarter. Bank of America Corp DE now owns 82,028 shares of the financial services provider's stock valued at $867,000 after buying an additional 1,386 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Inv Vk Pa Valu by 26.1% during the 1st quarter. Royal Bank of Canada now owns 22,640 shares of the financial services provider's stock valued at $239,000 after acquiring an additional 4,689 shares during the period. Finally, Alpine Global Management LLC increased its holdings in Inv Vk Pa Valu by 2.8% in the 4th quarter. Alpine Global Management LLC now owns 45,284 shares of the financial services provider's stock worth $474,000 after acquiring an additional 1,236 shares in the last quarter.

About Inv Vk Pa Valu

Invesco Pennsylvania Value Municipal Income Trust NYSE: VPV is a closed-end management investment company advised by an affiliate of Invesco Ltd. The trust is designed to provide investors with current income that is generally exempt from regular federal income tax and Pennsylvania state income tax.

The fund invests primarily in municipal securities issued by Pennsylvania and its political subdivisions, as well as related public agencies and other qualifying issuers. These securities may help finance public infrastructure and services, including education, transportation, utilities and other governmental projects.

As a closed-end fund, the trust's shares trade on the New York Stock Exchange, while the portfolio is managed by Invesco's investment professionals.

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