Invesco California Value Municipal Income Trust (NYSE:VCV) Stock Passes Above 200 Day Moving Average – Should You Sell?

Invesco California Value Municipal Income Trust (NYSE:VCV) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.67 and traded as high as $11.23. Invesco California Value Municipal Income Trust shares last traded at $11.13, with a volume of 189,070 shares traded.

Invesco California Value Municipal Income Trust Stock Performance

The firm has a 50 day moving average of $10.60 and a 200-day moving average of $10.67.

Invesco California Value Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date is Friday, January 17th.

Institutional Investors Weigh In On Invesco California Value Municipal Income Trust

Hedge funds have recently made changes to their positions in the stock. Napa Wealth Management acquired a new stake in Invesco California Value Municipal Income Trust in the third quarter valued at approximately $140,000. SteelPeak Wealth LLC purchased a new position in shares of Invesco California Value Municipal Income Trust during the third quarter worth $144,000. International Assets Investment Management LLC lifted its position in shares of Invesco California Value Municipal Income Trust by 989.0% during the third quarter. International Assets Investment Management LLC now owns 22,869 shares of the investment management company’s stock worth $249,000 after purchasing an additional 20,769 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Invesco California Value Municipal Income Trust during the 2nd quarter worth $356,000. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Invesco California Value Municipal Income Trust by 138.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 36,220 shares of the investment management company’s stock worth $377,000 after purchasing an additional 21,039 shares during the period. 18.80% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco California Value Municipal Income Trust

Invesco California 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.