Raymond James Financial Inc. Acquires New Holdings in Invesco California Value Municipal Income Trust (NYSE:VCV)

Raymond James Financial Inc. purchased a new position in Invesco California Value Municipal Income Trust (NYSE:VCV - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,395 shares of the investment management company's stock, valued at approximately $606,000.

A number of other large investors also recently bought and sold shares of the business. D.A. Davidson & CO. lifted its stake in Invesco California Value Municipal Income Trust by 11.4% during the 4th quarter. D.A. Davidson & CO. now owns 42,465 shares of the investment management company's stock valued at $465,000 after acquiring an additional 4,350 shares during the period. Cypress Wealth Services LLC purchased a new stake in Invesco California Value Municipal Income Trust in the 4th quarter worth approximately $718,000. Envestnet Asset Management Inc. lifted its stake in shares of Invesco California Value Municipal Income Trust by 78.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 74,374 shares of the investment management company's stock valued at $814,000 after buying an additional 32,803 shares in the last quarter. Pacific Wealth Strategies Group Inc. lifted its position in shares of 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 valued at $890,000 after acquiring an additional 2,511 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in 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 purchasing an additional 1,339 shares during the period. 18.80% of the stock is owned by hedge funds and other institutional investors.

Invesco California Value Municipal Income Trust Trading Up 0.6 %

Shares of VCV stock traded up $0.06 during trading hours on Friday, hitting $10.59. The stock had a trading volume of 47,520 shares, compared to its average volume of 125,252. Invesco California Value Municipal Income Trust has a one year low of $9.51 and a one year high of $11.47. The stock's 50-day moving average price is $10.38 and its two-hundred day moving average price is $10.61.

Invesco California Value Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a dividend yield of 7.32%. The ex-dividend date of this dividend is Friday, May 16th.

Invesco California Value Municipal Income Trust Profile

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.