Insider Buying: Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Buys $29,551.62 in Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. purchased 2,973 shares of the business’s stock in a transaction on Monday, April 15th. The stock was purchased at an average cost of $9.94 per share, with a total value of $29,551.62. Following the completion of the acquisition, the insider now owns 2,842,701 shares in the company, valued at $28,256,447.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% 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 Friday, April 12th, Saba Capital Management, L.P. purchased 13,333 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was purchased at an average cost of $10.01 per share, with a total value of $133,463.33.
• On Tuesday, March 19th, Saba Capital Management, L.P. purchased 11,342 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was purchased at an average cost of $10.21 per share, with a total value of $115,801.82.
• On Monday, March 11th, Saba Capital Management, L.P. acquired 10,373 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average price of $10.22 per share, for a total transaction of $106,012.06.
• On Thursday, March 7th, Saba Capital Management, L.P. acquired 27,652 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average price of $10.15 per share, for a total transaction of $280,667.80.
• On Tuesday, January 16th, Saba Capital Management, L.P. acquired 100 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average price of $10.10 per share, for a total transaction of $1,010.00.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

Invesco Pennsylvania Value Municipal Income Trust stock opened at $9.95 on Thursday. The firm’s fifty day moving average price is $10.13 and its 200-day moving average price is $9.76. Invesco Pennsylvania Value Municipal Income Trust has a fifty-two week low of $8.58 and a fifty-two week high of $10.28.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Monday, April 15th.

Institutional Trading of Invesco Pennsylvania Value Municipal Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Almitas Capital LLC purchased a new position in Invesco Pennsylvania Value Municipal Income Trust in the 4th quarter worth $85,000. Blue Bell Private Wealth Management LLC raised its position in Invesco Pennsylvania Value Municipal Income Trust by 372.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 10,872 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 8,572 shares during the period. Envestnet Asset Management Inc. purchased a new position in Invesco Pennsylvania Value Municipal Income Trust in the 3rd quarter worth $110,000. Virtu Financial LLC purchased a new position in Invesco Pennsylvania Value Municipal Income Trust in the 4th quarter worth $122,000. Finally, Cetera Advisor Networks LLC raised its position in Invesco Pennsylvania Value Municipal Income Trust by 16.4% in the 4th quarter. Cetera Advisor Networks LLC now owns 13,102 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 1,848 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.