Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Short Interest Update

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV – Get Rating) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 3,000 shares, a drop of 66.3% from the April 30th total of 8,900 shares. Based on an average daily trading volume, of 32,600 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

VPV traded down $0.07 on Friday, hitting $9.70. 18,263 shares of the company were exchanged, compared to its average volume of 31,911. The firm has a fifty day simple moving average of $9.90 and a two-hundred day simple moving average of $9.97. Invesco Pennsylvania Value Municipal Income Trust has a 12 month low of $9.12 and a 12 month high of $11.34.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be issued a $0.0345 dividend. This represents a $0.41 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Friday, May 12th.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Founders Capital Management increased its position in Invesco Pennsylvania Value Municipal Income Trust by 50.0% during the 4th quarter. Founders Capital Management now owns 3,000 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,000 shares during the period. LPL Financial LLC increased its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 5.2% during the fourth quarter. LPL Financial LLC now owns 27,468 shares of the financial services provider’s stock valued at $269,000 after buying an additional 1,356 shares during the period. Journey Strategic Wealth LLC increased its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 12.2% during the first quarter. Journey Strategic Wealth LLC now owns 16,610 shares of the financial services provider’s stock valued at $167,000 after buying an additional 1,802 shares during the period. Cetera Advisor Networks LLC raised its stake in Invesco Pennsylvania Value Municipal Income Trust by 16.4% in the fourth quarter. Cetera Advisor Networks LLC now owns 13,102 shares of the financial services provider’s stock worth $128,000 after buying an additional 1,848 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Invesco Pennsylvania Value Municipal Income Trust by 7.2% in the third quarter. Janney Montgomery Scott LLC now owns 29,756 shares of the financial services provider’s stock worth $287,000 after buying an additional 2,000 shares during the period. 12.53% of the stock is currently owned by institutional investors.

Invesco Pennsylvania Value Municipal Income Trust Company Profile

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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.