Inv Vk Ca Valu (NYSE:VCV) Hits New 1-Year High – Should You Buy?

Inv Vk Ca Valu (NYSE:VCV) hit a new 52-week high on Wednesday . The company traded as high as $11.38 and last traded at $11.35, with a volume of 117761 shares changing hands. The stock had previously closed at $11.29.

Inv Vk Ca Valu Price Performance

The company has a fifty day simple moving average of $10.97 and a two-hundred day simple moving average of $10.62.

Inv Vk Ca Valu Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be paid a $0.0646 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 6.8%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VCV. Cypress Wealth Services LLC lifted its position in shares of Inv Vk Ca Valu by 1.8% in the 4th quarter. Cypress Wealth Services LLC now owns 69,197 shares of the investment management company’s stock worth $770,000 after purchasing an additional 1,195 shares during the period. Bank of America Corp DE raised its stake in Inv Vk Ca Valu by 14.8% in the third quarter. Bank of America Corp DE now owns 200,386 shares of the investment management company’s stock worth $2,122,000 after buying an additional 25,876 shares in the last quarter. Argyle Capital Partners LLC raised its stake in Inv Vk Ca Valu by 93.6% in the third quarter. Argyle Capital Partners LLC now owns 41,364 shares of the investment management company’s stock worth $438,000 after buying an additional 20,000 shares in the last quarter. Creative Planning purchased a new stake in Inv Vk Ca Valu during the third quarter worth $229,000. Finally, US Bancorp DE bought a new stake in Inv Vk Ca Valu during the 3rd quarter valued at $102,000. Hedge funds and other institutional investors own 18.80% of the company’s stock.

About Inv Vk Ca Valu

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. The fund primarily invests in investment grade California municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.