Inv Vk Pa Valu to Issue Monthly Dividend of $0.07 (NYSE:VPV)

Inv Vk Pa Valu (NYSE:VPV) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Thursday, January 15th will be paid a dividend of 0.0667 per share by the financial services provider on Friday, January 30th. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Thursday, January 15th.

Inv Vk Pa Valu Price Performance

Shares of VPV stock traded down $0.01 during trading hours on Tuesday, reaching $10.61. 1,204 shares of the company’s stock were exchanged, compared to its average volume of 29,382. Inv Vk Pa Valu has a 1 year low of $9.50 and a 1 year high of $10.93. The stock’s fifty day moving average price is $10.50 and its two-hundred day moving average price is $10.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kennedy Investment Group purchased a new stake in shares of Inv Vk Pa Valu during the second quarter valued at $102,000. Raymond James Financial Inc. lifted its position in Inv Vk Pa Valu by 40.5% during the 2nd quarter. Raymond James Financial Inc. now owns 31,439 shares of the financial services provider’s stock worth $316,000 after acquiring an additional 9,068 shares during the period. Alpine Global Management LLC purchased a new stake in Inv Vk Pa Valu during the 3rd quarter valued at about $455,000. Baird Financial Group Inc. increased its holdings in shares of Inv Vk Pa Valu by 39.1% in the second quarter. Baird Financial Group Inc. now owns 48,127 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 13,519 shares during the period. Finally, Confluence Wealth Services Inc. increased its holdings in shares of Inv Vk Pa Valu by 31.9% in the second quarter. Confluence Wealth Services Inc. now owns 49,452 shares of the financial services provider’s stock valued at $497,000 after purchasing an additional 11,972 shares during the period.

About Inv Vk Pa Valu

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.