Pacific Wealth Strategies Group Inc. Purchases New Position in Invesco California Value Municipal Income Trust (NYSE:VCV)

Pacific Wealth Strategies Group Inc. bought a new position in Invesco California Value Municipal Income Trust (NYSE:VCV – Get Rating) in the fourth quarter, HoldingsChannel reports. The firm bought 87,970 shares of the investment management company’s stock, valued at approximately $834,000. Invesco California Value Municipal Income Trust accounts for 1.1% of Pacific Wealth Strategies Group Inc.’s holdings, making the stock its 26th largest holding.

Other large investors have also recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Invesco California Value Municipal Income Trust during the 3rd quarter worth about $91,000. Karpus Management Inc. purchased a new position in shares of Invesco California Value Municipal Income Trust during the third quarter valued at approximately $253,000. Logan Stone Capital LLC purchased a new position in shares of Invesco California Value Municipal Income Trust during the third quarter valued at approximately $842,000. Commonwealth Equity Services LLC grew its stake in shares of Invesco California Value Municipal Income Trust by 5.6% during the third quarter. Commonwealth Equity Services LLC now owns 79,623 shares of the investment management company’s stock valued at $715,000 after buying an additional 4,244 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Invesco California Value Municipal Income Trust by 65.5% in the third quarter. Royal Bank of Canada now owns 81,651 shares of the investment management company’s stock worth $735,000 after buying an additional 32,317 shares during the period. Institutional investors own 10.12% of the company’s stock.

Invesco California Value Municipal Income Trust Price Performance

Shares of VCV stock opened at $9.79 on Friday. Invesco California Value Municipal Income Trust has a 52-week low of $8.51 and a 52-week high of $11.27. The stock has a 50 day moving average price of $9.88 and a 200 day moving average price of $9.55.

Invesco California Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be paid a dividend of $0.0364 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Tuesday, March 14th.

Invesco California Value Municipal Income Trust Profile

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Invesco California Value Municipal Income Trust operates as a closed-end investment fund/investment trust. Its investment objective is to seek to provide common shareholders with current income exempt from federal and California income taxes, consistent with preservation of capital. The company was headquartered on December 21, 1992 and is headquartered in Atlanta, GA.