Saba Capital Management, L.P. Sells 10,306 Shares of Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 10,306 shares of Invesco Pennsylvania Value Municipal Income Trust stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $11.08, for a total transaction of $114,190.48. Following the transaction, the insider now owns 2,482,020 shares of the company’s stock, valued at $27,500,781.60. This 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 is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, November 7th, Saba Capital Management, L.P. sold 47,029 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $10.98, for a total transaction of $516,378.42.
• On Monday, November 4th, Saba Capital Management, L.P. sold 18,400 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $11.04, for a total transaction of $203,136.00.
• On Friday, November 1st, Saba Capital Management, L.P. sold 46,893 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 $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 shares were 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 Trading Down 0.2 %

Shares of VPV stock traded down $0.02 during mid-day trading on Tuesday, hitting $11.06. 97,925 shares of the stock were exchanged, compared to its average volume of 36,471. The firm has a fifty day moving average of $11.17 and a 200 day moving average of $10.86. Invesco Pennsylvania Value Municipal Income Trust has a 52-week low of $9.11 and a 52-week high of $11.40.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.0667 per share. This represents a $0.80 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date is Friday, November 15th.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Institutional investors have recently added to or reduced their stakes in the business. Haverford Trust Co acquired a new stake in Invesco Pennsylvania Value Municipal Income Trust during the 3rd quarter worth approximately $343,000. International Assets Investment Management LLC lifted its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% in the 3rd quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock worth $159,000 after buying an additional 12,805 shares during the last quarter. Almitas Capital LLC grew its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 2.5% during the 2nd quarter. Almitas Capital LLC now owns 153,384 shares of the financial services provider’s stock valued at $1,666,000 after buying an additional 3,765 shares during the last quarter. Whitebox Advisors LLC lifted its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 212.9% in the 2nd quarter. Whitebox Advisors LLC now owns 127,118 shares of the financial services provider’s stock worth $1,381,000 after purchasing an additional 86,489 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. increased its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 19.4% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock worth $669,000 after acquiring an additional 10,000 shares during the period.

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.