Inv Vk Ca Valu (NYSE:VCV) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Inv Vk Ca Valu (NYSE:VCV) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.67 and traded as high as $11.09. Inv Vk Ca Valu shares last traded at $11.08, with a volume of 172,083 shares.

Inv Vk Ca Valu Stock Up 0.7%

The stock’s 50 day moving average is $10.95 and its 200 day moving average is $10.67.

Inv Vk Ca Valu Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a $0.0646 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 7.0%.

Institutional Trading of Inv Vk Ca Valu

Several hedge funds have recently added to or reduced their stakes in the company. UBS Group AG boosted its stake in Inv Vk Ca Valu by 6.1% in the 4th quarter. UBS Group AG now owns 277,270 shares of the investment management company’s stock valued at $3,086,000 after purchasing an additional 15,926 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Inv Vk Ca Valu by 3.5% during the fourth quarter. Sanctuary Advisors LLC now owns 55,684 shares of the investment management company’s stock worth $620,000 after buying an additional 1,874 shares in the last quarter. ProCore Advisors LLC bought a new stake in shares of Inv Vk Ca Valu in the fourth quarter valued at about $407,000. SteelPeak Wealth LLC bought a new stake in shares of Inv Vk Ca Valu in the fourth quarter valued at about $176,000. Finally, Vanguard Capital Wealth Advisors grew its stake in shares of Inv Vk Ca Valu by 50.0% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 30,000 shares of the investment management company’s stock valued at $334,000 after acquiring an additional 10,000 shares in the last quarter. 18.80% of the stock is owned by institutional investors and hedge funds.

Inv Vk Ca Valu Company Profile

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.