Invesco California Value Municipal Income Trust (NYSE:VCV) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Invesco California Value Municipal Income Trust (NYSE:VCV)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.76 and traded as high as $11.12. Invesco California Value Municipal Income Trust shares last traded at $11.07, with a volume of 43,258 shares trading hands.

Invesco California Value Municipal Income Trust Stock Performance

The business’s 50 day simple moving average is $10.92 and its two-hundred day simple moving average is $10.76.

Invesco California Value Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a $0.0646 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.01%.

Institutional Trading of Invesco California Value Municipal Income Trust

A number of large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. grew its stake in shares of Invesco California Value Municipal Income Trust by 6.3% in the third quarter. Advisors Asset Management Inc. now owns 582,252 shares of the investment management company’s stock worth $6,341,000 after acquiring an additional 34,370 shares during the period. Wells Fargo & Company MN grew its stake in shares of Invesco California Value Municipal Income Trust by 15.9% in the fourth quarter. Wells Fargo & Company MN now owns 513,271 shares of the investment management company’s stock worth $5,615,000 after acquiring an additional 70,560 shares during the period. Atria Wealth Solutions Inc. grew its stake in shares of Invesco California Value Municipal Income Trust by 67.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 255,413 shares of the investment management company’s stock worth $2,794,000 after acquiring an additional 103,126 shares during the period. Bank of America Corp DE grew its stake in shares of Invesco California Value Municipal Income Trust by 8.2% in the fourth quarter. Bank of America Corp DE now owns 185,398 shares of the investment management company’s stock worth $2,028,000 after acquiring an additional 13,972 shares during the period. Finally, LPL Financial LLC grew its stake in shares of Invesco California Value Municipal Income Trust by 1.1% in the fourth quarter. LPL Financial LLC now owns 120,617 shares of the investment management company’s stock worth $1,320,000 after acquiring an additional 1,339 shares during the period. 18.80% of the stock is currently owned by institutional investors.

About Invesco California Value Municipal Income Trust

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.