Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Saba Capital Management, L.P. Sells 18,400 Shares of Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 18,400 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $11.04, for a total transaction of $203,136.00. Following the completion of the transaction, the insider now directly owns 2,561,705 shares in the company, valued at $28,281,223.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, November 1st, Saba Capital Management, L.P. sold 46,893 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 $516,291.93.
• On Wednesday, October 30th, Saba Capital Management, L.P. sold 27,088 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $10.99, for a total transaction of $297,697.12.
• 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 value 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 shares were sold at an average price of $11.01, for a total value of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

VPV opened at $11.05 on Wednesday. Invesco Pennsylvania Value Municipal Income Trust has a 12-month low of $8.95 and a 12-month high of $11.40. The business’s fifty day simple moving average is $11.18 and its 200-day simple moving average is $10.82.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.0667 per share. This represents a $0.80 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date is Friday, November 15th.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several large investors have recently modified their holdings of the business. Whitebox Advisors LLC increased its holdings in Invesco Pennsylvania Value Municipal Income Trust by 212.9% during the second quarter. Whitebox Advisors LLC now owns 127,118 shares of the financial services provider’s stock valued at $1,381,000 after buying an additional 86,489 shares during the period. Haverford Trust Co purchased a new position in shares of Invesco Pennsylvania Value Municipal Income Trust in the 3rd quarter valued at $343,000. International Assets Investment Management LLC raised its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% in the 3rd 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 in 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 second quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 20.6% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 43,679 shares of the financial services provider’s stock valued at $474,000 after buying an additional 7,469 shares in the last quarter.

About Invesco Pennsylvania Value Municipal Income Trust

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.