Inv Vk Ca Valu (NYSE:VCV) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Inv Vk Ca Valu (NYSE:VCV) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.67 and traded as high as $11.09. Inv Vk Ca Valu shares last traded at $11.08, with a volume of 172,083 shares changing hands.

Inv Vk Ca Valu Stock Up 0.2%

The company’s fifty day moving average price is $10.96 and its two-hundred day moving average price is $10.68.

Inv Vk Ca Valu Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were given a dividend of $0.0646 per share. The ex-dividend date was Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 7.0%.

Hedge Funds Weigh In On Inv Vk Ca Valu

Several institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. lifted its stake in Inv Vk Ca Valu by 16.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 805,715 shares of the investment management company’s stock valued at $8,533,000 after acquiring an additional 114,394 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Inv Vk Ca Valu by 17.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 398,429 shares of the investment management company’s stock valued at $4,219,000 after purchasing an additional 59,002 shares during the last quarter. ProCore Advisors LLC bought a new stake in shares of Inv Vk Ca Valu in the fourth quarter worth $407,000. D.A. Davidson & CO. boosted its holdings in Inv Vk Ca Valu by 77.3% during the third quarter. D.A. Davidson & CO. now owns 75,277 shares of the investment management company’s stock worth $797,000 after purchasing an additional 32,812 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Inv Vk Ca Valu by 14.8% in the third quarter. Bank of America Corp DE now owns 200,386 shares of the investment management company’s stock valued at $2,122,000 after purchasing an additional 25,876 shares in the last quarter. Institutional investors own 18.80% of the company’s stock.

Inv Vk Ca Valu Company Profile

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