Invesco California Value Municipal Income Trust (NYSE:VCV) Shares Cross Above 200-Day Moving Average – Should You Sell?

Shares of Invesco California Value Municipal Income Trust (NYSE:VCV) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.63 and traded as high as $11.13. Invesco California Value Municipal Income Trust shares last traded at $11.13, with a volume of 65,830 shares traded.

Invesco California Value Municipal Income Trust Price Performance

The business’s 50-day simple moving average is $10.50 and its 200 day simple moving average is $10.64.

Invesco California Value Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date of this dividend is Friday, January 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in Invesco California Value Municipal Income Trust in the second quarter worth approximately $34,000. Commonwealth Equity Services LLC lifted its position in Invesco California Value Municipal Income Trust by 40.8% during the second quarter. Commonwealth Equity Services LLC now owns 124,653 shares of the investment management company’s stock valued at $1,299,000 after purchasing an additional 36,129 shares in the last quarter. Blue Bell Private Wealth Management LLC bought a new stake in Invesco California Value Municipal Income Trust during the second quarter valued at about $38,000. Vanguard Capital Wealth Advisors grew its holdings in Invesco California Value Municipal Income Trust by 42.9% during the second quarter. Vanguard Capital Wealth Advisors now owns 20,000 shares of the investment management company’s stock valued at $208,000 after purchasing an additional 6,000 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its position in Invesco California Value Municipal Income Trust by 138.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 36,220 shares of the investment management company’s stock worth $377,000 after buying an additional 21,039 shares in the last quarter. 18.80% of the stock is owned by hedge funds and other institutional investors.

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.