Saba Capital Management, L.P. Sells 27,088 Shares of Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 27,088 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $10.99, for a total transaction of $297,697.12. Following the transaction, the insider now owns 2,644,276 shares of the company’s stock, valued at approximately $29,060,593.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, October 28th, Saba Capital Management, L.P. sold 36,430 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $11.00, for a total transaction of $400,730.00.
• On Friday, October 25th, Saba Capital Management, L.P. sold 56,200 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.01, for a total transaction of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

VPV stock opened at $10.99 on Friday. The stock has a 50-day moving average price of $11.18 and a 200-day moving average price of $10.80. Invesco Pennsylvania Value Municipal Income Trust has a 1-year low of $8.84 and a 1-year high of $11.40.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were issued a $0.0667 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $0.80 dividend on an annualized basis and a yield of 7.28%.

Hedge Funds Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC increased its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% in the 3rd quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 12,805 shares in the last quarter. Whitebox Advisors LLC acquired a new stake in Invesco Pennsylvania Value Municipal Income Trust in the first quarter worth $416,000. Blue Bell Private Wealth Management LLC grew its holdings in Invesco Pennsylvania Value Municipal Income Trust by 20.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 43,679 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 7,469 shares during the period. City of London Investment Management Co. Ltd. increased its stake in Invesco Pennsylvania Value Municipal Income Trust by 19.4% in the second quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock valued at $669,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 94,135 shares of the financial services provider’s stock valued at $1,022,000 after purchasing an additional 6,257 shares during the period.

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.