Inv Vk Ca Valu (NYSE:VCV) Share Price Passes Above 200 Day Moving Average – What’s Next?

Inv Vk Ca Valu (NYSE:VCV) passed 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 Trading Up 0.7%

The stock’s fifty day moving average is $10.95 and its two-hundred day moving average is $10.67.

Inv Vk Ca Valu Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a $0.0646 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Thursday, January 15th.

Hedge Funds Weigh In On Inv Vk Ca Valu

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Inv Vk Ca Valu by 17.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 398,429 shares of the investment management company’s stock worth $4,219,000 after acquiring an additional 59,002 shares during the period. Advisors Asset Management Inc. lifted its holdings in Inv Vk Ca Valu by 9.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 691,321 shares of the investment management company’s stock valued at $7,169,000 after purchasing an additional 59,189 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in Inv Vk Ca Valu during the 2nd quarter valued at $50,000. Cypress Wealth Services LLC boosted its position in Inv Vk Ca Valu by 1.8% during the fourth quarter. Cypress Wealth Services LLC now owns 69,197 shares of the investment management company’s stock worth $770,000 after purchasing an additional 1,195 shares during the period. Finally, Argyle Capital Partners LLC boosted its position in Inv Vk Ca Valu by 93.6% during the third quarter. Argyle Capital Partners LLC now owns 41,364 shares of the investment management company’s stock worth $438,000 after purchasing an additional 20,000 shares during the period. 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.