Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Stock Passes Below 50 Day Moving Average – What’s Next?

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.04 and traded as low as $10.22. Invesco Pennsylvania Value Municipal Income Trust shares last traded at $10.27, with a volume of 10,113 shares traded.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

The stock has a 50-day simple moving average of $11.00 and a 200 day simple moving average of $11.01.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.0667 dividend. This represents a $0.80 annualized dividend and a yield of 7.75%. The ex-dividend date is Tuesday, December 17th.

Insider Buying and Selling

In other Invesco Pennsylvania Value Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 10,306 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $11.08, for a total transaction of $114,190.48. Following the completion of the sale, the insider now owns 2,482,020 shares in the company, valued at approximately $27,500,781.60. The trade was a 0.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 253,434 shares of company stock worth $2,790,263 over the last three months.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in Invesco Pennsylvania Value Municipal Income Trust during the third quarter worth about $113,000. International Assets Investment Management LLC raised its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% during the third quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 12,805 shares during the period. Haverford Trust Co bought a new stake in Invesco Pennsylvania Value Municipal Income Trust in the 3rd quarter valued at $343,000. Blue Bell Private Wealth Management LLC boosted its stake in Invesco Pennsylvania Value Municipal Income Trust by 20.6% in 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 purchasing an additional 7,469 shares during the period. Finally, City of London Investment Management Co. Ltd. increased its holdings 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 worth $669,000 after purchasing an additional 10,000 shares in the last quarter.

Invesco Pennsylvania Value Municipal Income Trust 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.