Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Saba Capital Management, L.P. Buys 2,199 Shares

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. purchased 2,199 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $10.06 per share, with a total value of $22,121.94. Following the acquisition, the insider now directly owns 2,875,840 shares in the company, valued at $28,930,950.40. The acquisition was disclosed in a filing with the SEC, which is available through this link. 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 stock was acquired at an average price of $9.94 per share, for a total transaction of $29,551.62.
• On Friday, April 12th, Saba Capital Management, L.P. acquired 13,333 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was acquired at an average cost of $10.01 per share, with a total value of $133,463.33.
• On Tuesday, March 19th, Saba Capital Management, L.P. purchased 11,342 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was acquired at an average cost 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 shares were bought at an average price 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 stock was bought at an average price of $10.15 per share, with a total value of $280,667.80.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

Shares of VPV opened at $10.21 on Wednesday. The business has a fifty day moving average of $10.09 and a 200 day moving average of $9.86. Invesco Pennsylvania Value Municipal Income Trust has a 52-week low of $8.58 and a 52-week high of $10.28.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be issued a $0.0325 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.39 annualized dividend and a dividend yield of 3.82%.

Hedge Funds Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several hedge funds have recently added to or reduced their stakes in the company. Journey Strategic Wealth LLC raised its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 20.0% during the third quarter. Journey Strategic Wealth LLC now owns 32,004 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 5,330 shares in the last quarter. Fiera Capital Corp grew its holdings in Invesco Pennsylvania Value Municipal Income Trust by 2.0% during the 3rd quarter. Fiera Capital Corp now owns 365,614 shares of the financial services provider’s stock worth $3,272,000 after acquiring an additional 7,293 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 16.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 55,066 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 7,795 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in Invesco Pennsylvania Value Municipal Income Trust by 372.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 10,872 shares of the financial services provider’s stock valued at $109,000 after buying an additional 8,572 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Invesco Pennsylvania Value Municipal Income Trust in the fourth quarter worth approximately $1,242,000.

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.