Inv Vk Pa Valu (NYSE:VPV) Trading Up 0.2% – Here’s Why

Inv Vk Pa Valu (NYSE:VPV) shares rose 0.2% on Monday . The stock traded as high as $10.76 and last traded at $10.6150. Approximately 40,887 shares changed hands during trading, an increase of 26% from the average daily volume of 32,471 shares. The stock had previously closed at $10.59.

Inv Vk Pa Valu Price Performance

The company’s fifty day moving average is $10.50 and its 200-day moving average is $10.29.

Inv Vk Pa Valu Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a $0.0667 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 7.5%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of Inv Vk Pa Valu by 8.8% during the 2nd quarter. Bank of America Corp DE now owns 111,006 shares of the financial services provider’s stock valued at $1,117,000 after purchasing an additional 9,017 shares during the period. North Ground Capital grew its position in Inv Vk Pa Valu by 68.0% during the third quarter. North Ground Capital now owns 83,691 shares of the financial services provider’s stock valued at $865,000 after buying an additional 33,889 shares during the period. Confluence Wealth Services Inc. grew its position in Inv Vk Pa Valu by 31.9% during the second quarter. Confluence Wealth Services Inc. now owns 49,452 shares of the financial services provider’s stock valued at $497,000 after buying an additional 11,972 shares during the period. Baird Financial Group Inc. increased its holdings in Inv Vk Pa Valu by 39.1% during the second quarter. Baird Financial Group Inc. now owns 48,127 shares of the financial services provider’s stock valued at $484,000 after buying an additional 13,519 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Inv Vk Pa Valu by 443.5% in the third quarter. PNC Financial Services Group Inc. now owns 48,083 shares of the financial services provider’s stock worth $497,000 after acquiring an additional 39,236 shares during the period.

Inv Vk Pa Valu 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. The fund primarily invests in investment grade Pennsylvania municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.