Saba Capital Management, L.P. Sells 27,088 Shares of Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 27,088 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $10.99, for a total transaction of $297,697.12. Following the completion of the transaction, the insider now directly owns 2,644,276 shares in the company, valued at $29,060,593.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, October 28th, Saba Capital Management, L.P. sold 36,430 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $11.00, for a total value of $400,730.00.
• On Friday, October 25th, Saba Capital Management, L.P. sold 56,200 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $11.01, for a total transaction of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

Shares of NYSE:VPV remained flat at $10.99 during trading on Thursday. 41,397 shares of the stock were exchanged, compared to its average volume of 35,510. The stock has a 50 day moving average of $11.18 and a 200-day moving average of $10.79. Invesco Pennsylvania Value Municipal Income Trust has a twelve month low of $8.65 and a twelve month high of $11.40.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be issued a $0.0667 dividend. This represents a $0.80 annualized dividend and a yield of 7.28%. The ex-dividend date of this dividend is Wednesday, October 16th.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

A number of large investors have recently modified their holdings of the business. International Assets Investment Management LLC increased its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% in the third quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 12,805 shares during the period. Whitebox Advisors LLC acquired a new position in Invesco Pennsylvania Value Municipal Income Trust in the 1st quarter worth approximately $416,000. Blue Bell Private Wealth Management LLC raised its position in Invesco Pennsylvania Value Municipal Income Trust by 20.6% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 43,679 shares of the financial services provider’s stock worth $474,000 after buying an additional 7,469 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its stake in Invesco Pennsylvania Value Municipal Income Trust by 19.4% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock valued at $669,000 after acquiring an additional 10,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 94,135 shares of the financial services provider’s stock valued at $1,022,000 after acquiring an additional 6,257 shares during the last quarter.

About Invesco Pennsylvania Value Municipal Income Trust

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.