Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Plans Monthly Dividend of $0.03

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) declared a monthly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Tuesday, April 16th will be paid a dividend of 0.0325 per share by the financial services provider on Tuesday, April 30th. This represents a $0.39 annualized dividend and a yield of 3.86%. The ex-dividend date is Monday, April 15th.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

VPV stock traded down $0.08 during trading on Wednesday, hitting $10.11. The company had a trading volume of 9,338 shares, compared to its average volume of 32,763. The firm has a 50-day moving average price of $10.16 and a 200-day moving average price of $9.70. Invesco Pennsylvania Value Municipal Income Trust has a 1-year low of $8.58 and a 1-year high of $10.28.

Insiders Place Their Bets

In other Invesco Pennsylvania Value Municipal Income Trust news, major shareholder Saba Capital Management, L.P. bought 10,373 shares of the company’s stock in a transaction on Monday, March 11th. The shares were bought at an average price of $10.22 per share, for a total transaction of $106,012.06. Following the transaction, the insider now owns 2,808,064 shares of the company’s stock, valued at approximately $28,698,414.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have acquired 65,145 shares of company stock worth $662,701.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the 4th quarter worth approximately $122,000. Pathstone Holdings LLC purchased a new stake in Invesco Pennsylvania Value Municipal Income Trust in the 4th quarter valued at approximately $395,000. Stifel Financial Corp lifted its stake in Invesco Pennsylvania Value Municipal Income Trust by 25.2% in the 4th quarter. Stifel Financial Corp now owns 23,221 shares of the financial services provider’s stock valued at $232,000 after buying an additional 4,676 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Invesco Pennsylvania Value Municipal Income Trust by 14.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 21,421 shares of the financial services provider’s stock valued at $192,000 after buying an additional 2,682 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in Invesco Pennsylvania Value Municipal Income Trust by 42.7% in the 3rd quarter. LPL Financial LLC now owns 82,211 shares of the financial services provider’s stock valued at $736,000 after buying an additional 24,614 shares in the last quarter.

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.