International Assets Investment Management LLC Makes New Investment in Invesco California Value Municipal Income Trust (NYSE:VCV)

International Assets Investment Management LLC purchased a new position in shares of Invesco California Value Municipal Income Trust (NYSE:VCV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,580 shares of the investment management company’s stock, valued at approximately $2,100,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its stake in Invesco California Value Municipal Income Trust by 5.6% during the third quarter. Ameriprise Financial Inc. now owns 30,376 shares of the investment management company’s stock worth $256,000 after purchasing an additional 1,600 shares during the period. LPL Financial LLC lifted its stake in Invesco California Value Municipal Income Trust by 8.7% during the second quarter. LPL Financial LLC now owns 26,404 shares of the investment management company’s stock worth $279,000 after purchasing an additional 2,108 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Invesco California Value Municipal Income Trust by 18.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,807 shares of the investment management company’s stock worth $197,000 after buying an additional 2,760 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Invesco California Value Municipal Income Trust by 4.0% during the second quarter. Commonwealth Equity Services LLC now owns 84,440 shares of the investment management company’s stock worth $809,000 after buying an additional 3,263 shares in the last quarter. Finally, Comerica Bank acquired a new stake in shares of Invesco California Value Municipal Income Trust during the third quarter worth approximately $34,000. Institutional investors own 18.80% of the company’s stock.

Invesco California Value Municipal Income Trust Stock Up 0.4 %

NYSE VCV opened at $9.62 on Friday. The company has a 50 day moving average of $9.78 and a 200-day moving average of $9.40. Invesco California Value Municipal Income Trust has a 1-year low of $8.05 and a 1-year high of $10.10.

Invesco California Value Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $0.0366 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Monday, April 15th.

Invesco California Value Municipal Income Trust Profile

Invesco California 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.