Karpus Management Inc. Sells 1,500 Shares of Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV)

Karpus Management Inc. lowered its stake in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) by 1.3% in the 1st quarter, Holdings Channel reports. The firm owned 117,426 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. Karpus Management Inc.’s holdings in Invesco Pennsylvania Value Municipal Income Trust were worth $1,204,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC lifted its position in Invesco Pennsylvania Value Municipal Income Trust by 372.7% in 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 buying an additional 8,572 shares during the last quarter. Ethos Financial Group LLC purchased a new position in Invesco Pennsylvania Value Municipal Income Trust in the 4th quarter worth approximately $219,000. Napa Wealth Management purchased a new position in Invesco Pennsylvania Value Municipal Income Trust in the 4th quarter worth approximately $273,000. City of London Investment Management Co. Ltd. purchased a new position in Invesco Pennsylvania Value Municipal Income Trust in the 4th quarter worth approximately $516,000. Finally, International Assets Investment Management LLC purchased a new position in Invesco Pennsylvania Value Municipal Income Trust in the 4th quarter worth approximately $1,242,000.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

Invesco Pennsylvania Value Municipal Income Trust stock traded up $0.01 during trading hours on Thursday, reaching $10.80. The company had a trading volume of 46,853 shares, compared to its average volume of 36,090. The company has a 50-day moving average price of $10.69 and a 200 day moving average price of $10.31. Invesco Pennsylvania Value Municipal Income Trust has a 12-month low of $8.58 and a 12-month high of $11.04.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th will be paid a $0.0667 dividend. The ex-dividend date is Tuesday, July 16th. This represents a $0.80 dividend on an annualized basis and a yield of 7.41%.

Insiders Place Their Bets

In other Invesco Pennsylvania Value Municipal Income Trust news, major shareholder Saba Capital Management, L.P. bought 7,265 shares of Invesco Pennsylvania Value Municipal Income Trust stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average cost of $10.28 per share, with a total value of $74,684.20. Following the completion of the purchase, the insider now owns 2,883,105 shares of the company’s stock, valued at $29,638,319.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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.