Invesco California Value Municipal Income Trust (NYSE:VCV) Shares Purchased by Western Wealth Management LLC

Western Wealth Management LLC raised its holdings in shares of Invesco California Value Municipal Income Trust (NYSE:VCV) by 34.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 34,636 shares of the investment management company’s stock after purchasing an additional 8,852 shares during the period. Western Wealth Management LLC’s holdings in Invesco California Value Municipal Income Trust were worth $379,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VCV. D.A. Davidson & CO. grew its position in shares of Invesco California Value Municipal Income Trust by 11.4% in the fourth quarter. D.A. Davidson & CO. now owns 42,465 shares of the investment management company’s stock valued at $465,000 after purchasing an additional 4,350 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Invesco California Value Municipal Income Trust by 78.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 74,374 shares of the investment management company’s stock valued at $814,000 after buying an additional 32,803 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Invesco California Value Municipal Income Trust during the 4th quarter valued at $430,000. Raymond James Financial Inc. acquired a new stake in Invesco California Value Municipal Income Trust during the 4th quarter valued at $606,000. Finally, Wells Fargo & Company MN increased its position in Invesco California Value Municipal Income Trust by 15.9% during the fourth quarter. Wells Fargo & Company MN now owns 513,271 shares of the investment management company’s stock worth $5,615,000 after buying an additional 70,560 shares in the last quarter. Institutional investors and hedge funds own 18.80% of the company’s stock.

Invesco California Value Municipal Income Trust Stock Performance

Shares of NYSE:VCV opened at $10.15 on Friday. Invesco California Value Municipal Income Trust has a 52-week low of $9.51 and a 52-week high of $11.47. The stock’s fifty day simple moving average is $10.32 and its 200-day simple moving average is $10.62.

Invesco California Value Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.0646 dividend. This represents a $0.78 annualized dividend and a yield of 7.64%. The ex-dividend date is Friday, May 16th.

Invesco California Value Municipal Income Trust Company Profile

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.