Inv Vk Ca Valu (NYSE:VCV) Hits New 52-Week Low – Here’s What Happened

Shares of Inv Vk Ca Valu (NYSE:VCV) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $10.20 and last traded at $10.25, with a volume of 123098 shares. The stock had previously closed at $10.28.

Inv Vk Ca Valu Trading Down 0.3%

The company has a 50 day simple moving average of $10.62 and a 200-day simple moving average of $10.68.

Inv Vk Ca Valu Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 14th will be given a dividend of $0.0646 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Monday, September 14th.

Institutional Investors Weigh In On Inv Vk Ca Valu

A number of institutional investors and hedge funds have recently modified their holdings of VCV. NWF Advisory Services Inc. lifted its stake in Inv Vk Ca Valu by 5.8% in the 2nd quarter. NWF Advisory Services Inc. now owns 18,300 shares of the investment management company’s stock worth $197,000 after acquiring an additional 1,000 shares in the last quarter. Wedbush Securities Inc. lifted its stake in Inv Vk Ca Valu by 92.9% in the second quarter. Wedbush Securities Inc. now owns 70,801 shares of the investment management company’s stock valued at $764,000 after acquiring an additional 34,101 shares during the last quarter. RB Capital Management LLC bought a new stake in Inv Vk Ca Valu in the second quarter worth $140,000. Bank of America Corp DE bought a new stake in shares of Inv Vk Ca Valu during the 2nd quarter worth about $1,917,000. Finally, Western Wealth Management LLC bought a new stake in Inv Vk Ca Valu during the second quarter worth approximately $485,000. Institutional investors and hedge funds own 18.80% of the company’s stock.

Inv Vk Ca Valu 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. The fund primarily invests in investment grade California municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.