Insider Selling: Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Sells 18,400 Shares of Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 18,400 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $11.04, for a total value of $203,136.00. Following the transaction, the insider now owns 2,561,705 shares in the company, valued at approximately $28,281,223.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Friday, November 1st, Saba Capital Management, L.P. sold 46,893 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $11.01, for a total value of $516,291.93.
• On Wednesday, October 30th, Saba Capital Management, L.P. sold 27,088 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $10.99, for a total transaction of $297,697.12.
• On Monday, October 28th, Saba Capital Management, L.P. sold 36,430 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $11.00, for a total transaction of $400,730.00.
• On Friday, October 25th, Saba Capital Management, L.P. sold 56,200 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.01, for a total transaction of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

Shares of VPV stock opened at $11.05 on Wednesday. The business has a fifty day moving average of $11.18 and a 200 day moving average of $10.82. Invesco Pennsylvania Value Municipal Income Trust has a 1 year low of $8.95 and a 1 year high of $11.40.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.0667 dividend. This represents a $0.80 annualized dividend and a dividend yield of 7.24%. The ex-dividend date is Friday, November 15th.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Large investors have recently bought and sold shares of the company. Whitebox Advisors LLC acquired a new stake in Invesco Pennsylvania Value Municipal Income Trust during the 1st quarter valued at approximately $416,000. Bank of New York Mellon Corp raised its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 94,135 shares of the financial services provider’s stock worth $1,022,000 after purchasing an additional 6,257 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in Invesco Pennsylvania Value Municipal Income Trust by 20.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 43,679 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 7,469 shares during the period. City of London Investment Management Co. Ltd. boosted its holdings in Invesco Pennsylvania Value Municipal Income Trust by 19.4% in the second quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock valued at $669,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Almitas Capital LLC boosted its holdings in Invesco Pennsylvania Value Municipal Income Trust by 2.5% in the second quarter. Almitas Capital LLC now owns 153,384 shares of the financial services provider’s stock valued at $1,666,000 after purchasing an additional 3,765 shares during the last quarter.

Invesco Pennsylvania Value Municipal Income Trust Company Profile

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.