Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Shares Pass Below 50 Day Moving Average – Time to Sell?

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.69 and traded as low as $10.20. Invesco Pennsylvania Value Municipal Income Trust shares last traded at $10.21, with a volume of 117,042 shares changing hands.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

The stock has a 50 day moving average of $10.69 and a 200-day moving average of $10.94.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.0667 dividend. This represents a $0.80 annualized dividend and a dividend yield of 7.84%. The ex-dividend date of this dividend is Friday, January 17th.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 11,088 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $11.10, for a total transaction of $123,076.80. Following the completion of the transaction, the insider now owns 2,388,625 shares of the company’s stock, valued at $26,513,737.50. This trade represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 253,434 shares of company stock valued at $2,790,263 over the last quarter.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new position in shares of Invesco Pennsylvania Value Municipal Income Trust during the 3rd quarter valued at about $113,000. International Assets Investment Management LLC grew its holdings in Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% during the third quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 12,805 shares during the period. Haverford Trust Co purchased a new position in Invesco Pennsylvania Value Municipal Income Trust during the third quarter valued at approximately $343,000. Whitebox Advisors LLC lifted its holdings in Invesco Pennsylvania Value Municipal Income Trust by 212.9% in the second 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 period. Finally, Almitas Capital LLC boosted its position in Invesco Pennsylvania Value Municipal Income Trust by 2.5% in 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 in 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.