Saba Capital Management, L.P. Sells 11,088 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 11,088 shares of Invesco Pennsylvania Value Municipal Income Trust stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $11.10, for a total transaction of $123,076.80. Following the completion of the sale, the insider now directly owns 2,388,625 shares in the company, valued at approximately $26,513,737.50. The trade was a 0.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 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, November 11th, Saba Capital Management, L.P. sold 10,306 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.08, for a total value of $114,190.48.
• On Thursday, November 7th, Saba Capital Management, L.P. sold 47,029 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $10.98, for a total value of $516,378.42.
• On Monday, November 4th, Saba Capital Management, L.P. sold 18,400 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.04, for a total value of $203,136.00.
• On Friday, November 1st, Saba Capital Management, L.P. sold 46,893 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $11.01, for a total value of $516,291.93.
• On Wednesday, October 30th, Saba Capital Management, L.P. sold 27,088 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $10.99, for a total transaction of $297,697.12.
• On Monday, October 28th, Saba Capital Management, L.P. sold 36,430 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were 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 stock was sold at an average price of $11.01, for a total transaction of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Trading Up 0.2 %

VPV stock opened at $11.03 on Wednesday. The firm has a 50 day moving average of $11.16 and a 200-day moving average of $10.90. Invesco Pennsylvania Value Municipal Income Trust has a 12-month low of $9.39 and a 12-month high of $11.40.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.0667 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.80 annualized dividend and a yield of 7.26%.

Institutional Trading of Invesco Pennsylvania Value Municipal Income Trust

Several large investors have recently bought and sold shares of VPV. International Assets Investment Management LLC raised its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% during the 3rd quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock worth $159,000 after buying an additional 12,805 shares during the last quarter. Haverford Trust Co acquired a new position in Invesco Pennsylvania Value Municipal Income Trust during the third quarter worth about $343,000. Whitebox Advisors LLC purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the first quarter valued at about $416,000. Blue Bell Private Wealth Management LLC grew its position in shares of 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 valued at $474,000 after purchasing an additional 7,469 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. increased its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 19.4% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 10,000 shares in 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.