Inv Vk Ca Valu (NYSE:VCV) Increases Dividend to $0.06 Per Share

Inv Vk Ca Valu (NYSE:VCV) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Wednesday, October 14th will be paid a dividend of $0.0646 per share by the investment management company on Friday, October 30th. This represents a $0.78 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Wednesday, October 14th. This is a 0.0% increase from Inv Vk Ca Valu’s previous monthly dividend of $0.0646.

Inv Vk Ca Valu Trading Up 0.6%

Inv Vk Ca Valu stock opened at $9.04 on Friday. Inv Vk Ca Valu has a 1 year low of $8.80 and a 1 year high of $11.38. The firm’s 50 day moving average price is $10.16 and its 200-day moving average price is $10.47.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. boosted its stake in Inv Vk Ca Valu by 21.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 570,385 shares of the investment management company’s stock valued at $6,154,000 after buying an additional 99,089 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Inv Vk Ca Valu during the 2nd quarter worth approximately $1,917,000. Wedbush Securities Inc. raised its holdings in shares of Inv Vk Ca Valu by 92.9% during the 2nd quarter. Wedbush Securities Inc. now owns 70,801 shares of the investment management company’s stock worth $764,000 after acquiring an additional 34,101 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Inv Vk Ca Valu during the 2nd quarter valued at approximately $654,000. Finally, Argyle Capital Partners LLC boosted its position in shares of Inv Vk Ca Valu by 12.1% during the 4th quarter. Argyle Capital Partners LLC now owns 46,364 shares of the investment management company’s stock valued at $516,000 after acquiring an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 18.80% of the company’s stock.

Inv Vk Ca Valu Company Profile

Invesco California Value Municipal Income Trust (NYSE: VCV) is a closed-end management investment company focused on California municipal bonds. The fund seeks to provide current income that is exempt from regular federal income tax and California state personal income tax, subject to applicable tax rules.

VCV invests primarily in investment-grade and other municipal securities issued by California state and local governments, public agencies, and related entities. These securities may finance public infrastructure and services, including schools, transportation, utilities, health care facilities, and other community projects.