Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Saba Capital Management, L.P. Sells 11,088 Shares

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 11,088 shares of Invesco Pennsylvania Value Municipal Income Trust stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $11.10, for a total transaction of $123,076.80. Following the completion of the sale, the insider now directly owns 2,388,625 shares in the company, valued at $26,513,737.50. This represents a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large 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 Monday, November 11th, Saba Capital Management, L.P. sold 10,306 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $11.08, for a total value of $114,190.48.
• 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 value 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 value 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 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 value 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

VPV opened at $11.03 on Thursday. The business has a fifty day simple moving average of $11.16 and a 200-day simple moving average of $10.91. Invesco Pennsylvania Value Municipal Income Trust has a 52 week low of $9.42 and a 52 week high of $11.40.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

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 paid a $0.0667 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.80 annualized dividend and a dividend yield of 7.26%.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Hedge funds have recently bought and sold shares of the stock. Whitebox Advisors LLC purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust during the 1st quarter worth $416,000. Bank of New York Mellon Corp lifted its stake in 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 increased its stake in Invesco Pennsylvania Value Municipal Income Trust by 20.6% in 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 last quarter. City of London Investment Management Co. Ltd. increased its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 19.4% during the second quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Almitas Capital LLC boosted its stake in 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 worth $1,666,000 after purchasing an additional 3,765 shares during the period.

About Invesco Pennsylvania Value Municipal Income Trust

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.