Saba Capital Management L.P. lowered its position in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV - Free Report) by 83.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 475,944 shares of the financial services provider's stock after selling 2,407,161 shares during the quarter. Saba Capital Management L.P.'s holdings in Invesco Pennsylvania Value Municipal Income Trust were worth $4,897,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of VPV. Walleye Capital LLC purchased a new stake in Invesco Pennsylvania Value Municipal Income Trust in the 4th quarter valued at $116,000. Cetera Investment Advisers increased its stake in Invesco Pennsylvania Value Municipal Income Trust by 9.1% in the fourth quarter. Cetera Investment Advisers now owns 14,099 shares of the financial services provider's stock valued at $145,000 after purchasing an additional 1,172 shares during the period. Wolverine Asset Management LLC raised its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 95,260.0% in the fourth quarter. Wolverine Asset Management LLC now owns 19,072 shares of the financial services provider's stock valued at $196,000 after buying an additional 19,052 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust during the fourth quarter worth about $198,000. Finally, Icon Advisers Inc. Co. purchased a new position in shares of Invesco Pennsylvania Value Municipal Income Trust during the fourth quarter worth about $203,000.
Invesco Pennsylvania Value Municipal Income Trust Stock Performance
VPV stock traded down $0.02 during trading on Thursday, hitting $9.79. The company had a trading volume of 9,363 shares, compared to its average volume of 53,588. Invesco Pennsylvania Value Municipal Income Trust has a 1-year low of $9.50 and a 1-year high of $11.41. The firm has a 50-day moving average price of $9.98 and a 200-day moving average price of $10.39.
Invesco Pennsylvania 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 issued a $0.0667 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.18%. The ex-dividend date is Friday, May 16th.
Invesco Pennsylvania Value Municipal Income Trust Company Profile
(
Free Report)
Invesco Pennsylvania 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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