Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Saba Capital Management, L.P. Sells 11,088 Shares

Posted by Stacy Sanders on Nov 19th, 2024

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV – Get Free Report) major shareholder Saba Capital Management, L.P. sold 11,088 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $11.10, for a total transaction of $123,076.80. Following the sale, the insider now directly owns 2,388,625 shares of the company’s stock, valued at approximately $26,513,737.50. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 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 Monday, November 11th, Saba Capital Management, L.P. sold 10,306 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.08, for a total value of $114,190.48.
On Thursday, November 7th, Saba Capital Management, L.P. sold 47,029 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $10.98, for a total value of $516,378.42.
On Monday, November 4th, Saba Capital Management, L.P. sold 18,400 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.04, for a total value of $203,136.00.
On Friday, November 1st, Saba Capital Management, L.P. sold 46,893 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 $516,291.93.
On Wednesday, October 30th, Saba Capital Management, L.P. sold 27,088 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were 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 shares were sold at an average price of $11.01, for a total transaction of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

VPV opened at $11.00 on Tuesday. The firm has a 50 day simple moving average of $11.17 and a 200 day simple moving average of $10.90. Invesco Pennsylvania Value Municipal Income Trust has a fifty-two week low of $9.39 and a fifty-two week high of $11.40.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.0667 per share. This represents a $0.80 annualized dividend and a dividend yield of 7.28%. The ex-dividend date is Friday, November 15th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Whitebox Advisors LLC bought a new stake in Invesco Pennsylvania Value Municipal Income Trust in the first quarter valued at about $416,000. Bank of New York Mellon Corp increased 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 acquiring an additional 6,257 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 20.6% in 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 acquiring an additional 7,469 shares during the last quarter. City of London Investment Management Co. Ltd. raised its position in shares of 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 acquiring an additional 10,000 shares during the period. Finally, Almitas Capital LLC boosted its stake in Invesco Pennsylvania Value Municipal Income Trust by 2.5% during the 2nd quarter. Almitas Capital LLC now owns 153,384 shares of the financial services provider’s stock worth $1,666,000 after acquiring an additional 3,765 shares during the last quarter.

Invesco Pennsylvania Value Municipal Income Trust Company Profile

(Get Free Report)

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.