Insider Buying: Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Buys $133,463.33 in Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. purchased 13,333 shares of the stock in a transaction dated Friday, April 12th. The shares were bought at an average price of $10.01 per share, with a total value of $133,463.33. Following the completion of the acquisition, the insider now directly owns 2,839,728 shares of the company’s stock, valued at approximately $28,425,677.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large 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, April 15th, Saba Capital Management, L.P. purchased 2,973 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average price of $9.94 per share, with a total value of $29,551.62.
• On Tuesday, March 19th, Saba Capital Management, L.P. purchased 11,342 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average price of $10.21 per share, with a total value of $115,801.82.
• On Monday, March 11th, Saba Capital Management, L.P. acquired 10,373 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was acquired at an average cost of $10.22 per share, for a total transaction of $106,012.06.
• On Thursday, March 7th, Saba Capital Management, L.P. acquired 27,652 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was acquired at an average cost of $10.15 per share, for a total transaction of $280,667.80.
• On Tuesday, January 16th, Saba Capital Management, L.P. acquired 100 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was acquired at an average cost of $10.10 per share, for a total transaction of $1,010.00.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

Shares of Invesco Pennsylvania Value Municipal Income Trust stock opened at $9.95 on Thursday. Invesco Pennsylvania Value Municipal Income Trust has a twelve month low of $8.58 and a twelve month high of $10.28. The company’s fifty day moving average is $10.13 and its 200 day moving average is $9.76.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a $0.0325 dividend. The ex-dividend date is Monday, April 15th. This represents a $0.39 annualized dividend and a dividend yield of 3.92%.

Institutional Trading of Invesco Pennsylvania Value Municipal Income Trust

Several institutional investors have recently modified their holdings of the business. LPL Financial LLC grew its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 5.2% in the fourth quarter. LPL Financial LLC now owns 27,468 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 1,356 shares during the last quarter. Cetera Advisor Networks LLC boosted its position in Invesco Pennsylvania Value Municipal Income Trust by 16.4% during the fourth quarter. Cetera Advisor Networks LLC now owns 13,102 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 1,848 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Invesco Pennsylvania Value Municipal Income Trust by 14.3% during the third quarter. Ameriprise Financial Inc. now owns 21,421 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 2,682 shares during the last quarter. Wells Fargo & Company MN boosted its position in Invesco Pennsylvania Value Municipal Income Trust by 12.3% during the fourth quarter. Wells Fargo & Company MN now owns 34,852 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 3,812 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in Invesco Pennsylvania Value Municipal Income Trust by 25.2% during the fourth quarter. Stifel Financial Corp now owns 23,221 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 4,676 shares during the last quarter.

Invesco Pennsylvania Value Municipal Income Trust Company Profile

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.