Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Saba Capital Management, L.P. Sells 36,430 Shares

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 36,430 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $11.00, for a total value of $400,730.00. Following the transaction, the insider now directly owns 2,790,475 shares in the company, valued at approximately $30,695,225. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% 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 Wednesday, October 30th, Saba Capital Management, L.P. sold 27,088 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $10.99, for a total value of $297,697.12.
• On Friday, October 25th, Saba Capital Management, L.P. sold 56,200 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.01, for a total value of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Trading Up 0.1 %

Shares of VPV stock opened at $11.00 on Friday. Invesco Pennsylvania Value Municipal Income Trust has a 12 month low of $8.65 and a 12 month high of $11.40. The stock has a 50-day moving average price of $11.18 and a 200 day moving average price of $10.79.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were given a dividend of $0.0667 per share. This represents a $0.80 annualized dividend and a dividend yield of 7.28%. The ex-dividend date was Wednesday, October 16th.

Hedge Funds Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% during the 3rd 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. Whitebox Advisors LLC acquired a new position in shares of Invesco Pennsylvania Value Municipal Income Trust in the 1st quarter valued at $416,000. Blue Bell Private Wealth Management LLC boosted its position in shares of 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 last quarter. City of London Investment Management Co. Ltd. grew its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 19.4% during the second 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 during the period. Finally, Bank of New York Mellon Corp increased its holdings in Invesco Pennsylvania Value Municipal Income Trust by 7.1% in the second 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 purchasing an additional 6,257 shares during 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.