Insider Selling: Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Sells $618,762.00 in Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 56,200 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $11.01, for a total transaction of $618,762.00. Following the transaction, the insider now owns 2,826,905 shares of the company’s stock, valued at $31,124,224.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, October 28th, Saba Capital Management, L.P. sold 36,430 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.00, for a total value of $400,730.00.

Invesco Pennsylvania Value Municipal Income Trust Stock Up 0.3 %

Shares of VPV opened at $10.99 on Thursday. The business has a 50-day simple moving average of $11.18 and a two-hundred day simple moving average of $10.79. Invesco Pennsylvania Value Municipal Income Trust has a 12-month low of $8.65 and a 12-month high of $11.40.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be issued a $0.0667 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $0.80 dividend on an annualized basis and a yield of 7.28%.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Institutional investors have recently added to or reduced their stakes in the business. Whitebox Advisors LLC bought a new position in shares of Invesco Pennsylvania Value Municipal Income Trust during the first quarter valued at $416,000. Bank of New York Mellon Corp increased its holdings in 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 purchasing an additional 6,257 shares during the period. Blue Bell Private Wealth Management LLC raised its position in Invesco Pennsylvania Value Municipal Income Trust by 20.6% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 43,679 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 7,469 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its holdings in Invesco Pennsylvania Value Municipal Income Trust by 19.4% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock worth $669,000 after buying an additional 10,000 shares during the period. Finally, Almitas Capital LLC grew its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 2.5% in the 2nd 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.

Invesco Pennsylvania Value Municipal Income Trust Company 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.