Inv Vk Ca Valu (NYSE:VCV) Reaches New 52-Week High After Dividend Announcement

Inv Vk Ca Valu (NYSE:VCV)’s share price hit a new 52-week high during trading on Monday after the company announced a dividend. The stock traded as high as $11.36 and last traded at $11.1950, with a volume of 15069 shares traded. The stock had previously closed at $11.04.

The newly announced dividend which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be given a $0.0646 dividend. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Monday, November 17th.

Inv Vk Ca Valu Stock Down 0.7%

The company has a 50-day simple moving average of $10.58 and a 200 day simple moving average of $10.38.

Institutional Trading of Inv Vk Ca Valu

Institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new stake in Inv Vk Ca Valu in the 2nd quarter valued at $50,000. HCR Wealth Advisors bought a new position in Inv Vk Ca Valu in the 3rd quarter valued at $105,000. NWF Advisory Services Inc. bought a new position in Inv Vk Ca Valu in the 2nd quarter valued at $133,000. Clay Northam Wealth Management LLC raised its position in Inv Vk Ca Valu by 33.4% in the 2nd quarter. Clay Northam Wealth Management LLC now owns 30,147 shares of the investment management company’s stock valued at $313,000 after purchasing an additional 7,547 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Inv Vk Ca Valu by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,083 shares of the investment management company’s stock valued at $322,000 after purchasing an additional 1,074 shares during the last quarter. Institutional investors and hedge funds own 18.80% of the company’s stock.

Inv Vk Ca Valu 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.