Invesco California Value Municipal Income Trust (NYSE:VCV) Share Price Passes Below 200 Day Moving Average – Here’s Why

Invesco California Value Municipal Income Trust (NYSE:VCV) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.60 and traded as low as $10.49. Invesco California Value Municipal Income Trust shares last traded at $10.50, with a volume of 195,560 shares.

Invesco California Value Municipal Income Trust Stock Down 1.0 %

The firm’s fifty day moving average is $10.45 and its 200-day moving average is $10.60.

Invesco California Value Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.0646 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.78 dividend on an annualized basis and a yield of 7.38%.

Hedge Funds Weigh In On Invesco California Value Municipal Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of VCV. Rothschild Investment LLC bought a new position in shares of Invesco California Value Municipal Income Trust during the 2nd quarter worth about $34,000. Commonwealth Equity Services LLC grew its stake in Invesco California Value Municipal Income Trust by 40.8% in the second quarter. Commonwealth Equity Services LLC now owns 124,653 shares of the investment management company’s stock valued at $1,299,000 after acquiring an additional 36,129 shares during the period. Blue Bell Private Wealth Management LLC bought a new stake in shares of Invesco California Value Municipal Income Trust during the second quarter valued at approximately $38,000. Vanguard Capital Wealth Advisors raised its position in shares of Invesco California Value Municipal Income Trust by 42.9% during the second quarter. Vanguard Capital Wealth Advisors now owns 20,000 shares of the investment management company’s stock worth $208,000 after purchasing an additional 6,000 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its position in Invesco California Value Municipal Income Trust by 138.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 36,220 shares of the investment management company’s stock valued at $377,000 after purchasing an additional 21,039 shares during the period. 18.80% of the stock is currently owned by institutional investors.

Invesco California Value Municipal Income Trust Company 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.