Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Sells $516,378.42 in Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 47,029 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $10.98, for a total transaction of $516,378.42. Following the completion of the transaction, the insider now owns 2,514,676 shares of the company’s stock, valued at $27,611,142.48. This represents a 1.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares 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, November 11th, Saba Capital Management, L.P. sold 10,306 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.08, for a total transaction of $114,190.48.
• On Monday, November 4th, Saba Capital Management, L.P. sold 18,400 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.04, for a total transaction of $203,136.00.
• On Friday, November 1st, Saba Capital Management, L.P. sold 46,893 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.01, for a total transaction of $516,291.93.
• On Wednesday, October 30th, Saba Capital Management, L.P. sold 27,088 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $10.99, for a total transaction of $297,697.12.
• On Monday, October 28th, Saba Capital Management, L.P. sold 36,430 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.00, for a total transaction 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 Trading Up 0.1 %

Shares of NYSE VPV opened at $11.11 on Friday. Invesco Pennsylvania Value Municipal Income Trust has a 12 month low of $9.28 and a 12 month high of $11.40. The company has a 50-day simple moving average of $11.17 and a 200-day simple moving average of $10.87.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.0667 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.80 annualized dividend and a dividend yield of 7.20%.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several hedge funds have recently modified their holdings of the stock. Almitas Capital LLC boosted its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 2.5% in the second quarter. Almitas Capital LLC now owns 153,384 shares of the financial services provider’s stock worth $1,666,000 after acquiring an additional 3,765 shares during the last quarter. Whitebox Advisors LLC boosted its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 212.9% in the second quarter. Whitebox Advisors LLC now owns 127,118 shares of the financial services provider’s stock worth $1,381,000 after acquiring an additional 86,489 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of 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 worth $1,022,000 after acquiring an additional 6,257 shares during the last quarter. City of London Investment Management Co. Ltd. boosted its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 19.4% in 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 acquiring an additional 10,000 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 20.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 43,679 shares of the financial services provider’s stock worth $474,000 after acquiring an additional 7,469 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.