Raymond James Financial Inc. purchased a new position in shares of Invesco California Value Municipal Income Trust (NYSE:VCV - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 55,395 shares of the investment management company's stock, valued at approximately $606,000.
Several other hedge funds have also recently made changes to their positions in the company. Cypress Wealth Services LLC bought a new position in shares of Invesco California Value Municipal Income Trust in the fourth quarter worth approximately $718,000. Pacific Wealth Strategies Group Inc. lifted its holdings in Invesco California Value Municipal Income Trust by 3.2% in the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 81,335 shares of the investment management company's stock worth $890,000 after buying an additional 2,511 shares during the period. D.A. Davidson & CO. boosted its position in shares of Invesco California Value Municipal Income Trust by 11.4% in the 4th quarter. D.A. Davidson & CO. now owns 42,465 shares of the investment management company's stock worth $465,000 after purchasing an additional 4,350 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in Invesco California Value Municipal Income Trust by 67.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 255,413 shares of the investment management company's stock worth $2,794,000 after buying an additional 103,126 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Invesco California Value Municipal Income Trust by 1.1% in the 4th quarter. LPL Financial LLC now owns 120,617 shares of the investment management company's stock worth $1,320,000 after buying an additional 1,339 shares during the last quarter. 18.80% of the stock is currently owned by institutional investors.
Invesco California Value Municipal Income Trust Trading Down 0.1%
Shares of VCV stock traded down $0.01 during mid-day trading on Tuesday, reaching $10.62. 13,292 shares of the company's stock traded hands, compared to its average volume of 93,984. Invesco California Value Municipal Income Trust has a 12 month low of $9.51 and a 12 month high of $11.47. The firm has a 50 day moving average price of $10.37 and a two-hundred day moving average price of $10.61.
Invesco California Value Municipal Income Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date of this dividend is Friday, May 16th.
About Invesco California Value Municipal Income Trust
(
Free Report)
Invesco California Value Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, Invesco Asset Management (Japan) Limited, Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc It invests in the fixed income markets of the United States.
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