Inv Vk Ca Valu (NYSE:VCV) Hits New 52-Week High – Still a Buy?

Inv Vk Ca Valu (NYSE:VCV)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $11.38 and last traded at $11.35, with a volume of 117761 shares. The stock had previously closed at $11.29.

Inv Vk Ca Valu Price Performance

The company has a 50-day moving average price of $10.97 and a 200-day moving average price of $10.64.

Inv Vk Ca Valu Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a $0.0646 dividend. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Thursday, January 15th.

Hedge Funds Weigh In On Inv Vk Ca Valu

A number of institutional investors have recently modified their holdings of VCV. Advisors Asset Management Inc. boosted its position in Inv Vk Ca Valu by 16.5% during the third quarter. Advisors Asset Management Inc. now owns 805,715 shares of the investment management company’s stock worth $8,533,000 after acquiring an additional 114,394 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Inv Vk Ca Valu by 9.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 435,360 shares of the investment management company’s stock valued at $4,846,000 after acquiring an additional 36,931 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Inv Vk Ca Valu by 14.8% during the 3rd quarter. Bank of America Corp DE now owns 200,386 shares of the investment management company’s stock worth $2,122,000 after purchasing an additional 25,876 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Inv Vk Ca Valu by 77.3% during the third quarter. D.A. Davidson & CO. now owns 75,277 shares of the investment management company’s stock worth $797,000 after purchasing an additional 32,812 shares during the last quarter. Finally, Cypress Wealth Services LLC boosted its holdings in shares of Inv Vk Ca Valu by 1.8% during the fourth quarter. Cypress Wealth Services LLC now owns 69,197 shares of the investment management company’s stock worth $770,000 after purchasing an additional 1,195 shares during the last quarter. Institutional investors and hedge funds own 18.80% of the company’s stock.

About Inv Vk Ca Valu

Invesco California 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. The fund primarily invests in investment grade California municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.