Napa Wealth Management Has $128,000 Stock Position in Invesco California Value Municipal Income Trust (NYSE:VCV)

Napa Wealth Management reduced its position in shares of Invesco California Value Municipal Income Trust (NYSE:VCV) by 8.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,734 shares of the investment management company’s stock after selling 1,150 shares during the period. Napa Wealth Management’s holdings in Invesco California Value Municipal Income Trust were worth $128,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp acquired a new stake in shares of Invesco California Value Municipal Income Trust in the fourth quarter valued at $117,000. Walleye Capital LLC acquired a new stake in Invesco California Value Municipal Income Trust in the 4th quarter valued at about $291,000. NewEdge Advisors LLC bought a new position in shares of Invesco California Value Municipal Income Trust in the fourth quarter worth about $430,000. D.A. Davidson & CO. raised its stake in shares of Invesco California Value Municipal Income Trust by 11.4% in the fourth quarter. D.A. Davidson & CO. now owns 42,465 shares of the investment management company’s stock worth $465,000 after acquiring an additional 4,350 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Invesco California Value Municipal Income Trust during the fourth quarter valued at approximately $606,000. 18.80% of the stock is currently owned by institutional investors and hedge funds.

Invesco California Value Municipal Income Trust Price Performance

Shares of Invesco California Value Municipal Income Trust stock opened at $10.63 on Wednesday. The firm has a 50 day simple moving average of $10.37 and a 200 day simple moving average of $10.61. Invesco California Value Municipal Income Trust has a fifty-two week low of $9.51 and a fifty-two week high of $11.47.

Invesco California Value Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.0646 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.29%.

About Invesco California Value Municipal Income Trust

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.