Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Sells $516,378.42 in Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 47,029 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $10.98, for a total value of $516,378.42. Following the transaction, the insider now owns 2,514,676 shares of the company’s stock, valued at approximately $27,611,142.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 Monday, November 4th, Saba Capital Management, L.P. sold 18,400 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $11.04, for a total transaction 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 transaction 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 shares were 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 stock was sold at an average price of $11.00, for a total value 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 value of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Trading Down 0.3 %

Shares of VPV opened at $11.05 on Wednesday. Invesco Pennsylvania Value Municipal Income Trust has a 1 year low of $9.11 and a 1 year high of $11.40. The stock has a 50-day simple moving average of $11.17 and a 200-day simple moving average of $10.87.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.0667 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.80 dividend on an annualized basis and a yield of 7.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VPV. International Assets Investment Management LLC lifted its position 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 purchasing an additional 12,805 shares during the last quarter. Almitas Capital LLC raised its stake in Invesco Pennsylvania Value Municipal Income Trust by 2.5% in the second quarter. Almitas Capital LLC now owns 153,384 shares of the financial services provider’s stock valued at $1,666,000 after buying an additional 3,765 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake 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 valued at $474,000 after buying an additional 7,469 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Invesco Pennsylvania Value Municipal Income Trust by 7.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,135 shares of the financial services provider’s stock worth $1,022,000 after buying an additional 6,257 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. boosted its position 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 acquiring an additional 10,000 shares in the last quarter.

About Invesco Pennsylvania Value Municipal Income Trust

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.