Inv Vk Pa Valu (NYSE:VPV) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Inv Vk Pa Valu (NYSE:VPV)’s share price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $10.88 and traded as high as $11.34. Inv Vk Pa Valu shares last traded at $10.9350, with a volume of 53,855 shares trading hands.

Inv Vk Pa Valu Price Performance

The company has a 50-day moving average of $10.85 and a 200 day moving average of $10.88.

Inv Vk Pa Valu Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th were paid a dividend of $0.0667 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This is a positive change from Inv Vk Pa Valu’s previous monthly dividend of $0.0667. This represents a $0.80 annualized dividend and a yield of 7.3%.

Institutional Investors Weigh In On Inv Vk Pa Valu

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in Inv Vk Pa Valu by 1.7% during the 1st quarter. Bank of America Corp DE now owns 82,028 shares of the financial services provider’s stock valued at $867,000 after buying an additional 1,386 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Inv Vk Pa Valu by 26.1% during the first quarter. Royal Bank of Canada now owns 22,640 shares of the financial services provider’s stock valued at $239,000 after buying an additional 4,689 shares during the last quarter. Breakwater Capital Group purchased a new stake in Inv Vk Pa Valu during the third quarter valued at approximately $109,000. NewEdge Advisors LLC acquired a new stake in shares of Inv Vk Pa Valu in the 1st quarter worth $236,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Inv Vk Pa Valu during the second quarter worth about $263,000.

About Inv Vk Pa Valu

Invesco Pennsylvania Value Municipal Income Trust (NYSE: VPV) is a closed-end investment fund managed by Invesco Ltd. The fund seeks to provide current income that is exempt from regular federal income tax and Pennsylvania state and local personal income taxes.

The fund invests primarily in municipal securities issued by Pennsylvania municipalities and other governmental entities. Its portfolio may include general obligation bonds, revenue bonds and other tax-exempt obligations used to finance public infrastructure and services.

VPV is designed for investors seeking tax-advantaged income and exposure to the Pennsylvania municipal bond market.