Invesco California Value Municipal Income Trust (NYSE:VCV) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Invesco California Value Municipal Income Trust (NYSE:VCV) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.78 and traded as high as $10.94. Invesco California Value Municipal Income Trust shares last traded at $10.83, with a volume of 96,080 shares changing hands.

Invesco California Value Municipal Income Trust Price Performance

The company’s fifty day simple moving average is $11.01 and its 200 day simple moving average is $10.78.

Invesco California Value Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date is Monday, March 17th.

Institutional Trading of Invesco California Value Municipal Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp acquired a new position in Invesco California Value Municipal Income Trust during the 4th quarter valued at approximately $117,000. Napa Wealth Management bought a new position in shares of Invesco California Value Municipal Income Trust during the third quarter worth $140,000. Walleye Capital LLC bought a new stake in Invesco California Value Municipal Income Trust in the 4th quarter valued at $291,000. Western Wealth Management LLC lifted its position in Invesco California Value Municipal Income Trust by 34.3% in the 4th quarter. Western Wealth Management LLC now owns 34,636 shares of the investment management company’s stock valued at $379,000 after acquiring an additional 8,852 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in Invesco California Value Municipal Income Trust in the 4th quarter valued at $430,000. 18.80% of the stock is owned by institutional investors and hedge funds.

About Invesco California Value Municipal Income Trust

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.