Invesco California Value Municipal Income Trust (NYSE:VCV) Shares Cross Above 200 Day Moving Average – Should You Sell?

Invesco California Value Municipal Income Trust (NYSE:VCV)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.67 and traded as high as $11.23. Invesco California Value Municipal Income Trust shares last traded at $11.13, with a volume of 189,070 shares changing hands.

Invesco California Value Municipal Income Trust Stock Performance

The business has a 50-day moving average price of $10.60 and a 200 day moving average price of $10.67.

Invesco California Value Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.0646 dividend. The ex-dividend date is Friday, January 17th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.96%.

Institutional Trading of Invesco California Value Municipal Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Napa Wealth Management acquired a new stake in shares of Invesco California Value Municipal Income Trust during the third quarter valued at approximately $140,000. SteelPeak Wealth LLC acquired a new stake in Invesco California Value Municipal Income Trust during the 3rd quarter valued at $144,000. International Assets Investment Management LLC raised its stake in Invesco California Value Municipal Income Trust by 989.0% during the 3rd quarter. International Assets Investment Management LLC now owns 22,869 shares of the investment management company’s stock valued at $249,000 after purchasing an additional 20,769 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Invesco California Value Municipal Income Trust in the second quarter valued at $356,000. Finally, Mercer Global Advisors Inc. ADV boosted its position 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 worth $377,000 after buying an additional 21,039 shares during the period. Institutional investors and hedge funds own 18.80% of the company’s stock.

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.