Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Saba Capital Management, L.P. Sells 27,088 Shares

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 27,088 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $10.99, for a total transaction of $297,697.12. Following the completion of the transaction, the insider now owns 2,644,276 shares of the company’s stock, valued at approximately $29,060,593.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, October 28th, Saba Capital Management, L.P. sold 36,430 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $11.00, for a total transaction of $400,730.00.
• On Friday, October 25th, Saba Capital Management, L.P. sold 56,200 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $11.01, for a total transaction of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Trading Up 0.1 %

Shares of Invesco Pennsylvania Value Municipal Income Trust stock opened at $11.00 on Friday. Invesco Pennsylvania Value Municipal Income Trust has a fifty-two week low of $8.65 and a fifty-two week high of $11.40. The firm has a 50-day simple moving average of $11.18 and a two-hundred day simple moving average of $10.79.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a dividend of $0.0667 per share. The ex-dividend date was Wednesday, October 16th. This represents a $0.80 annualized dividend and a dividend yield of 7.28%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Almitas Capital LLC raised its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 2.5% during the 2nd quarter. Almitas Capital LLC now owns 153,384 shares of the financial services provider’s stock worth $1,666,000 after purchasing an additional 3,765 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 20.6% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 43,679 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 7,469 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Invesco Pennsylvania Value Municipal Income Trust by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 94,135 shares of the financial services provider’s stock valued at $1,022,000 after acquiring an additional 6,257 shares during the last quarter. City of London Investment Management Co. Ltd. raised its holdings in Invesco Pennsylvania Value Municipal Income Trust by 19.4% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock valued at $669,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Whitebox Advisors LLC raised its holdings in Invesco Pennsylvania Value Municipal Income Trust by 212.9% in the 2nd quarter. Whitebox Advisors LLC now owns 127,118 shares of the financial services provider’s stock valued at $1,381,000 after acquiring an additional 86,489 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.