Invesco California Value Municipal Income Trust (NYSE:VCV) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Invesco California Value Municipal Income Trust (NYSE:VCV)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.60 and traded as low as $10.49. Invesco California Value Municipal Income Trust shares last traded at $10.50, with a volume of 195,560 shares traded.

Invesco California Value Municipal Income Trust Stock Performance

The firm’s 50 day moving average is $10.45 and its 200 day moving average is $10.60.

Invesco California Value Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.0646 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date is Tuesday, December 17th.

Institutional Investors Weigh In On Invesco California Value Municipal Income Trust

Hedge funds have recently added to or reduced their stakes in the stock. Rothschild Investment LLC purchased a new position in shares of Invesco California Value Municipal Income Trust in the second quarter valued at about $34,000. Commonwealth Equity Services LLC boosted its stake in shares of Invesco California Value Municipal Income Trust by 40.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 124,653 shares of the investment management company’s stock worth $1,299,000 after purchasing an additional 36,129 shares during the period. Blue Bell Private Wealth Management LLC bought a new position in shares of Invesco California Value Municipal Income Trust during the second quarter valued at approximately $38,000. Vanguard Capital Wealth Advisors boosted its stake in shares of Invesco California Value Municipal Income Trust by 42.9% during the second quarter. Vanguard Capital Wealth Advisors now owns 20,000 shares of the investment management company’s stock valued at $208,000 after purchasing an additional 6,000 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Invesco California Value Municipal Income Trust by 138.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 36,220 shares of the investment management company’s stock valued at $377,000 after purchasing an additional 21,039 shares during the period. 18.80% of the stock is currently owned by hedge funds and other 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.