Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Purchases $22,121.94 in Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. purchased 2,199 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $10.06 per share, for a total transaction of $22,121.94. Following the completion of the purchase, the insider now owns 2,875,840 shares in the company, valued at approximately $28,930,950.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares 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. acquired 2,973 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were 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. purchased 13,333 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average price of $10.01 per share, with a total value of $133,463.33.
• On Tuesday, March 19th, Saba Capital Management, L.P. acquired 11,342 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was bought 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. 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. purchased 27,652 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was bought at an average cost of $10.15 per share, with a total value of $280,667.80.

Invesco Pennsylvania Value Municipal Income Trust Stock Up 0.2 %

VPV opened at $10.23 on Thursday. Invesco Pennsylvania Value Municipal Income Trust has a 1 year low of $8.58 and a 1 year high of $10.28. The firm’s fifty day moving average price is $10.09 and its two-hundred day moving average price is $9.88.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 16th will be given a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Wednesday, May 15th.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in VPV. Blue Bell Private Wealth Management LLC raised its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 372.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 10,872 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 8,572 shares during the period. Rodgers Brothers Inc. bought a new stake in Invesco Pennsylvania Value Municipal Income Trust in the third quarter worth about $137,000. Ethos Financial Group LLC purchased a new position in Invesco Pennsylvania Value Municipal Income Trust in the fourth quarter valued at about $219,000. Napa Wealth Management bought a new position in shares of Invesco Pennsylvania Value Municipal Income Trust during the 4th quarter valued at approximately $273,000. Finally, Journey Strategic Wealth LLC increased its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 20.0% during the 3rd quarter. Journey Strategic Wealth LLC now owns 32,004 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 5,330 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.