Saba Capital Management, L.P. Sells 27,088 Shares of Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 27,088 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $10.99, for a total value of $297,697.12. Following the sale, the insider now owns 2,644,276 shares of the company’s stock, valued at $29,060,593.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, October 28th, Saba Capital Management, L.P. sold 36,430 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was 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 shares were sold at an average price of $11.01, for a total transaction of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Stock Down 0.1 %

Shares of VPV stock opened at $10.99 on Friday. Invesco Pennsylvania Value Municipal Income Trust has a 52-week low of $8.84 and a 52-week high of $11.40. The company has a 50-day simple moving average of $11.18 and a two-hundred day simple moving average of $10.80.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VPV. International Assets Investment Management LLC raised its stake in shares of 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 purchasing an additional 12,805 shares during the period. Whitebox Advisors LLC purchased a new stake in Invesco Pennsylvania Value Municipal Income Trust during the first quarter worth about $416,000. Blue Bell Private Wealth Management LLC raised its position in 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 period. City of London Investment Management Co. Ltd. raised its position in 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 period. Finally, Bank of New York Mellon Corp boosted its stake 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 acquiring an additional 6,257 shares during the last quarter.

About Invesco Pennsylvania Value Municipal Income Trust

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.