Inv Vk Pa Valu (NYSE:VPV) Plans Monthly Dividend of $0.07

Inv Vk Pa Valu (NYSE:VPV) announced a monthly dividend on Monday, August 3rd. Stockholders of record on Monday, August 17th will be given a dividend of 0.0667 per share by the financial services provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Monday, August 17th.

Inv Vk Pa Valu Price Performance

Inv Vk Pa Valu stock opened at $10.82 on Tuesday. Inv Vk Pa Valu has a 1-year low of $9.87 and a 1-year high of $11.50. The business has a fifty day moving average price of $11.12 and a 200-day moving average price of $10.87.

Institutional Investors Weigh In On Inv Vk Pa Valu

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VPV. Mcguire Capital Advisors Inc. purchased a new stake in shares of Inv Vk Pa Valu during the fourth quarter worth about $41,000. River Street Advisors LLC purchased a new position in shares of Inv Vk Pa Valu in the 4th quarter valued at approximately $121,000. Royal Bank of Canada raised its position in shares of Inv Vk Pa Valu by 21.8% in the 4th quarter. Royal Bank of Canada now owns 17,951 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 3,217 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of Inv Vk Pa Valu in the 1st quarter valued at approximately $236,000. Finally, Raymond James Financial Inc. boosted its stake in Inv Vk Pa Valu by 40.5% in the 2nd quarter. Raymond James Financial Inc. now owns 31,439 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 9,068 shares in the last quarter.

About Inv Vk Pa Valu

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. The fund primarily invests in investment grade Pennsylvania municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.