Invesco California Value Municipal Income Trust (NYSE:VCV) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Invesco California Value Municipal Income Trust (NYSE:VCV) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.63 and traded as high as $11.13. Invesco California Value Municipal Income Trust shares last traded at $11.13, with a volume of 65,830 shares changing hands.

Invesco California Value Municipal Income Trust Price Performance

The business has a 50-day moving average price of $10.50 and a 200 day moving average price of $10.64.

Invesco California Value Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.0646 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.95%.

Institutional Trading of Invesco California Value Municipal Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its stake in Invesco California Value Municipal Income Trust by 32.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 49,073 shares of the investment management company’s stock valued at $507,000 after purchasing an additional 11,938 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Invesco California Value Municipal Income Trust by 6.3% during the third quarter. Advisors Asset Management Inc. now owns 582,252 shares of the investment management company’s stock valued at $6,341,000 after purchasing an additional 34,370 shares in the last quarter. Napa Wealth Management purchased a new stake in shares of Invesco California Value Municipal Income Trust during the third quarter valued at $140,000. SteelPeak Wealth LLC bought a new stake in Invesco California Value Municipal Income Trust in the 3rd quarter worth about $144,000. Finally, International Assets Investment Management LLC raised its position in Invesco California Value Municipal Income Trust by 989.0% in the 3rd quarter. International Assets Investment Management LLC now owns 22,869 shares of the investment management company’s stock worth $249,000 after buying an additional 20,769 shares during the last quarter. 18.80% of the stock is currently owned by institutional investors.

Invesco California Value Municipal Income Trust Company Profile

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.