Inv Vk Pa Valu (NYSE:VPV) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Inv Vk Pa Valu (NYSE:VPV)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.49 and traded as low as $10.31. Inv Vk Pa Valu shares last traded at $10.38, with a volume of 38,975 shares trading hands.

Inv Vk Pa Valu Stock Up 0.2%

The company’s 50 day moving average price is $10.49 and its 200-day moving average price is $10.22.

Inv Vk Pa Valu Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.0667 dividend. The ex-dividend date is Tuesday, December 16th. This represents a c) annualized dividend and a yield of 7.7%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kennedy Investment Group purchased a new position in shares of Inv Vk Pa Valu in the 2nd quarter worth about $102,000. Walleye Capital LLC raised its position in Inv Vk Pa Valu by 68.6% in the first quarter. Walleye Capital LLC now owns 19,017 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 7,735 shares during the period. Cetera Investment Advisers boosted its stake in Inv Vk Pa Valu by 47.6% in the first quarter. Cetera Investment Advisers now owns 20,817 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 6,718 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Inv Vk Pa Valu during the 1st quarter valued at approximately $285,000. Finally, Raymond James Financial Inc. grew its position in shares of Inv Vk Pa Valu by 40.5% during the 2nd quarter. Raymond James Financial Inc. now owns 31,439 shares of the financial services provider’s stock valued at $316,000 after acquiring an additional 9,068 shares during the period.

About Inv Vk Pa Valu

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. The fund primarily invests in investment grade Pennsylvania municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.