Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) to Issue Monthly Dividend of $0.03

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) declared a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Thursday, May 16th will be given a dividend of 0.0325 per share by the financial services provider on Friday, May 31st. This represents a $0.39 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Wednesday, May 15th.

Invesco Pennsylvania Value Municipal Income Trust Trading Up 1.2 %

Shares of NYSE VPV traded up $0.12 during trading hours on Friday, hitting $10.11. The company had a trading volume of 22,075 shares, compared to its average volume of 32,142. Invesco Pennsylvania Value Municipal Income Trust has a 1-year low of $8.58 and a 1-year high of $10.28. The firm’s 50 day moving average is $10.09 and its 200-day moving average is $9.83.

Insider Buying and Selling at Invesco Pennsylvania Value Municipal Income Trust

In other news, major shareholder Saba Capital Management, L.P. bought 10,373 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was acquired at an average cost of $10.22 per share, for a total transaction of $106,012.06. Following the purchase, the insider now owns 2,808,064 shares of the company’s stock, valued at approximately $28,698,414.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 65,673 shares of company stock worth $665,497 over the last quarter.

Invesco Pennsylvania Value Municipal Income Trust 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.