Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Buys $29,551.62 in Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. bought 2,973 shares of Invesco Pennsylvania Value Municipal Income Trust stock in a transaction dated Monday, April 15th. The shares were bought at an average cost of $9.94 per share, for a total transaction of $29,551.62. Following the completion of the transaction, the insider now owns 2,842,701 shares of the company’s stock, valued at approximately $28,256,447.94. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% 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 Friday, April 12th, Saba Capital Management, L.P. bought 13,333 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average cost of $10.01 per share, for a total transaction of $133,463.33.
• On Tuesday, March 19th, Saba Capital Management, L.P. bought 11,342 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average cost of $10.21 per share, for a total transaction of $115,801.82.
• On Monday, March 11th, Saba Capital Management, L.P. bought 10,373 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought 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. bought 27,652 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought 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. bought 100 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average cost of $10.10 per share, for a total transaction of $1,010.00.

Invesco Pennsylvania Value Municipal Income Trust Stock Down 0.1 %

Shares of NYSE:VPV opened at $9.93 on Wednesday. The firm’s 50 day simple moving average is $10.14 and its 200-day simple moving average is $9.76. Invesco Pennsylvania Value Municipal Income Trust has a one year low of $8.58 and a one year high of $10.28.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

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 issued a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Monday, April 15th.

Hedge Funds Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several institutional investors have recently bought and sold shares of VPV. Rivernorth Capital Management LLC increased its holdings in Invesco Pennsylvania Value Municipal Income Trust by 41.7% during the first quarter. Rivernorth Capital Management LLC now owns 137,655 shares of the financial services provider’s stock valued at $1,608,000 after buying an additional 40,540 shares during the period. Royal Bank of Canada increased its holdings in Invesco Pennsylvania Value Municipal Income Trust by 27.8% during the first quarter. Royal Bank of Canada now owns 51,726 shares of the financial services provider’s stock valued at $604,000 after buying an additional 11,266 shares during the period. Bank of America Corp DE increased its holdings in Invesco Pennsylvania Value Municipal Income Trust by 23.3% during the first quarter. Bank of America Corp DE now owns 138,145 shares of the financial services provider’s stock valued at $1,614,000 after buying an additional 26,099 shares during the period. LPL Financial LLC increased its holdings in Invesco Pennsylvania Value Municipal Income Trust by 5.2% during the fourth quarter. LPL Financial LLC now owns 27,468 shares of the financial services provider’s stock valued at $269,000 after buying an additional 1,356 shares during the period. Finally, UBS Group AG increased its holdings in Invesco Pennsylvania Value Municipal Income Trust by 1,077.3% during the fourth quarter. UBS Group AG now owns 115,421 shares of the financial services provider’s stock valued at $1,131,000 after buying an additional 105,617 shares during the period.

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.