Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Sells $297,697.12 in Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 27,088 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $10.99, for a total value of $297,697.12. Following the completion of the sale, the insider now owns 2,644,276 shares of the company’s stock, valued at approximately $29,060,593.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 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 Monday, October 28th, Saba Capital Management, L.P. sold 36,430 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.00, for a total value of $400,730.00.
• On Friday, October 25th, Saba Capital Management, L.P. sold 56,200 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.01, for a total value of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

Shares of NYSE:VPV opened at $10.99 on Friday. Invesco Pennsylvania Value Municipal Income Trust has a 1 year low of $8.84 and a 1 year high of $11.40. The company’s 50 day simple moving average is $11.18 and its 200 day simple moving average is $10.81.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were paid a $0.0667 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.80 annualized dividend and a dividend yield of 7.28%.

Institutional Trading of Invesco Pennsylvania Value Municipal Income Trust

Several institutional investors and hedge funds have recently modified their holdings of VPV. Almitas Capital LLC grew its position in Invesco Pennsylvania Value Municipal Income Trust by 2.5% in the second quarter. Almitas Capital LLC now owns 153,384 shares of the financial services provider’s stock valued at $1,666,000 after acquiring an additional 3,765 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 94,135 shares of the financial services provider’s stock valued at $1,022,000 after purchasing an additional 6,257 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 20.6% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 43,679 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 7,469 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its stake in Invesco Pennsylvania Value Municipal Income Trust by 19.4% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock valued at $669,000 after purchasing an additional 10,000 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% in the 3rd quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 12,805 shares during the last quarter.

Invesco Pennsylvania Value Municipal Income Trust Company 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.