Rivernorth Capital Management LLC Increases Position in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV)

Rivernorth Capital Management LLC grew its holdings in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) by 0.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 479,204 shares of the financial services provider’s stock after acquiring an additional 4,203 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Invesco Pennsylvania Value Municipal Income Trust were worth $5,420,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Almitas Capital LLC raised its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 2.5% in the second quarter. Almitas Capital LLC now owns 153,384 shares of the financial services provider’s stock valued at $1,666,000 after buying an additional 3,765 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 94,135 shares of the financial services provider’s stock valued at $1,022,000 after buying an additional 6,257 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 20.6% in the second 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 during the last quarter. City of London Investment Management Co. Ltd. raised its holdings in shares of 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 valued at $669,000 after buying an additional 10,000 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% in the third quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock valued at $159,000 after buying an additional 12,805 shares during the last quarter.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 11,088 shares of the stock in a transaction dated 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 directly owns 2,388,625 shares of the company’s stock, valued at $26,513,737.50. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 253,434 shares of company stock valued at $2,790,263 over the last ninety days.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

NYSE VPV opened at $11.33 on Thursday. Invesco Pennsylvania Value Municipal Income Trust has a 52-week low of $9.79 and a 52-week high of $11.40. The firm has a 50-day moving average price of $11.15 and a 200 day moving average price of $10.97.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.0667 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.80 annualized dividend and a yield of 7.06%.

Invesco Pennsylvania Value Municipal Income Trust 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.