Invesco California Value Municipal Income Trust (NYSE:VCV) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Invesco California Value Municipal Income Trust (NYSE:VCV) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.76 and traded as high as $11.12. Invesco California Value Municipal Income Trust shares last traded at $11.07, with a volume of 43,258 shares changing hands.

Invesco California Value Municipal Income Trust Stock Performance

The company has a 50 day moving average price of $10.93 and a 200 day moving average price of $10.76.

Invesco California Value Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a dividend yield of 7.01%. The ex-dividend date of this dividend is Tuesday, February 18th.

Institutional Investors Weigh In On Invesco California Value Municipal Income Trust

Institutional investors have recently modified their holdings of the company. Stifel Financial Corp acquired a new position in shares of Invesco California Value Municipal Income Trust during the 4th quarter worth approximately $117,000. Napa Wealth Management acquired a new position in shares of Invesco California Value Municipal Income Trust during the 3rd quarter worth approximately $140,000. SteelPeak Wealth LLC acquired a new position in shares of Invesco California Value Municipal Income Trust during the 3rd quarter worth approximately $144,000. International Assets Investment Management LLC raised its position in shares of Invesco California Value Municipal Income Trust by 989.0% during the 3rd quarter. International Assets Investment Management LLC now owns 22,869 shares of the investment management company’s stock worth $249,000 after purchasing an additional 20,769 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Invesco California Value Municipal Income Trust during the 4th quarter worth approximately $291,000. Hedge funds and other institutional investors own 18.80% of the company’s stock.

About Invesco California Value Municipal Income Trust

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.