Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Saba Capital Management, L.P. Sells 18,400 Shares

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 18,400 shares of Invesco Pennsylvania Value Municipal Income Trust stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $11.04, for a total value of $203,136.00. Following the transaction, the insider now owns 2,561,705 shares of the company’s stock, valued at $28,281,223.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 value 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 value 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 stock was sold at an average price of $11.00, for a total value 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 value of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Trading Down 0.1 %

Shares of VPV stock traded down $0.01 on Tuesday, reaching $11.05. The company’s stock had a trading volume of 10,369 shares, compared to its average volume of 35,678. Invesco Pennsylvania Value Municipal Income Trust has a 12-month low of $8.95 and a 12-month high of $11.40. The stock’s 50 day simple moving average is $11.18 and its 200-day simple moving average is $10.82.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.0667 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.80 annualized dividend and a dividend yield of 7.24%.

Hedge Funds Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several large investors have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% during the third 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 last quarter. Whitebox Advisors LLC bought a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the 1st quarter valued at about $416,000. Blue Bell Private Wealth Management LLC boosted its stake in 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 in the last quarter. City of London Investment Management Co. Ltd. boosted its stake in Invesco Pennsylvania Value Municipal Income Trust by 19.4% in the 2nd 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Invesco Pennsylvania Value Municipal Income Trust by 7.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,135 shares of the financial services provider’s stock worth $1,022,000 after buying 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.