Sit Investment Associates Inc. Cuts Position in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV)

Sit Investment Associates Inc. decreased its holdings in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) by 82.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 457,660 shares of the financial services provider’s stock after selling 2,092,066 shares during the quarter. Sit Investment Associates Inc.’s holdings in Invesco Pennsylvania Value Municipal Income Trust were worth $4,709,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the third quarter valued at about $113,000. Wolverine Asset Management LLC lifted its position 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 acquiring an additional 19,052 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the fourth quarter worth approximately $261,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust during the fourth quarter worth approximately $298,000. Finally, LPL Financial LLC raised its stake in Invesco Pennsylvania Value Municipal Income Trust by 5.0% in the 4th quarter. LPL Financial LLC now owns 38,626 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 1,826 shares during the last quarter.

Invesco Pennsylvania Value Municipal Income Trust Stock Down 0.4 %

Shares of VPV opened at $10.26 on Friday. Invesco Pennsylvania Value Municipal Income Trust has a 52-week low of $9.84 and a 52-week high of $11.41. The firm’s fifty day moving average is $10.38 and its two-hundred day moving average is $10.70.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.0667 per share. This represents a $0.80 annualized dividend and a dividend yield of 7.80%. The ex-dividend date is Wednesday, April 16th.

Invesco Pennsylvania Value Municipal Income Trust 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.