Inv Vk Pa Valu (NYSE:VPV) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Inv Vk Pa Valu (NYSE:VPV)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.67 and traded as high as $10.83. Inv Vk Pa Valu shares last traded at $10.8150, with a volume of 48,051 shares trading hands.

Inv Vk Pa Valu Stock Up 0.9%

The firm’s 50 day moving average is $10.67 and its 200 day moving average is $10.47.

Inv Vk Pa Valu Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.0667 per share. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Tuesday, February 17th.

Institutional Trading of Inv Vk Pa Valu

Several large investors have recently modified their holdings of VPV. Alpine Global Management LLC raised its position in Inv Vk Pa Valu by 2.8% during the 4th quarter. Alpine Global Management LLC now owns 45,284 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 1,236 shares during the last quarter. Royal Bank of Canada lifted its stake in Inv Vk Pa Valu by 21.8% in the fourth quarter. Royal Bank of Canada now owns 17,951 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 3,217 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in Inv Vk Pa Valu in the fourth quarter valued at $41,000. Bank of America Corp DE increased its position in Inv Vk Pa Valu by 8.8% during the 2nd quarter. Bank of America Corp DE now owns 111,006 shares of the financial services provider’s stock valued at $1,117,000 after purchasing an additional 9,017 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in Inv Vk Pa Valu by 40.5% in the 2nd quarter. Raymond James Financial Inc. now owns 31,439 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 9,068 shares in the last quarter.

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