Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Saba Capital Management, L.P. Sells 36,430 Shares

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 36,430 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $11.00, for a total transaction of $400,730.00. Following the transaction, the insider now owns 2,790,475 shares in the company, valued at $30,695,225. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• 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 value of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Stock Up 0.3 %

Shares of VPV stock opened at $10.99 on Thursday. The stock has a fifty day moving average price of $11.18 and a 200 day moving average price of $10.79. Invesco Pennsylvania Value Municipal Income Trust has a 1 year low of $8.65 and a 1 year high of $11.40.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be paid a dividend of $0.0667 per share. This represents a $0.80 annualized dividend and a dividend yield of 7.28%. The ex-dividend date is Wednesday, October 16th.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

A number of large investors have recently added to or reduced their stakes in VPV. Almitas Capital LLC lifted its holdings in shares of 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 purchasing an additional 3,765 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of 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 purchasing an additional 6,257 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in Invesco Pennsylvania Value Municipal Income Trust by 20.6% in the 2nd 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. City of London Investment Management Co. Ltd. grew its holdings in 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 valued at $669,000 after buying an additional 10,000 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% during the third 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 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.