Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Sells $516,291.93 in Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 46,893 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $11.01, for a total transaction of $516,291.93. Following the completion of the transaction, the insider now directly owns 2,580,105 shares of the company’s stock, valued at $28,406,956.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Wednesday, October 30th, Saba Capital Management, L.P. sold 27,088 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $10.99, for a total value of $297,697.12.
• On Monday, October 28th, Saba Capital Management, L.P. sold 36,430 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was 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 stock was sold at an average price of $11.01, for a total value of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

Shares of VPV stock traded up $0.04 during trading hours on Monday, reaching $11.03. 16,082 shares of the company’s stock were exchanged, compared to its average volume of 35,668. The stock’s 50 day moving average is $11.18 and its 200-day moving average is $10.81. Invesco Pennsylvania Value Municipal Income Trust has a fifty-two week low of $8.95 and a fifty-two week high of $11.40.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were given a dividend of $0.0667 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date of this dividend was Wednesday, October 16th.

Hedge Funds Weigh In On Invesco Pennsylvania Value Municipal Income Trust

A number of large investors have recently made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% during the third quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock valued at $159,000 after buying an additional 12,805 shares during the last quarter. Whitebox Advisors LLC purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust during the first quarter valued at $416,000. Blue Bell Private Wealth Management LLC grew its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 20.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 43,679 shares of the financial services provider’s stock valued at $474,000 after buying an additional 7,469 shares during the last quarter. City of London Investment Management Co. Ltd. grew its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 19.4% during the second 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 buying an additional 10,000 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 7.1% during the second 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 buying an additional 6,257 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.