Bank of New York Mellon Corp Reduces Stock Holdings in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV)

Bank of New York Mellon Corp reduced its position in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) by 73.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,951 shares of the financial services provider’s stock after selling 70,233 shares during the quarter. Bank of New York Mellon Corp’s holdings in Invesco Pennsylvania Value Municipal Income Trust were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in VPV. Sanctuary Advisors LLC bought a new position in shares of Invesco Pennsylvania Value Municipal Income Trust during the 3rd quarter worth $113,000. Wolverine Asset Management LLC raised its stake in Invesco Pennsylvania Value Municipal Income Trust by 95,260.0% in the 4th quarter. Wolverine Asset Management LLC now owns 19,072 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 19,052 shares during the period. Robinson Capital Management LLC purchased a new stake in Invesco Pennsylvania Value Municipal Income Trust during the fourth quarter valued at about $1,743,000. Finally, Rivernorth Capital Management LLC boosted its position in Invesco Pennsylvania Value Municipal Income Trust by 0.9% during the third quarter. Rivernorth Capital Management LLC now owns 479,204 shares of the financial services provider’s stock worth $5,420,000 after purchasing an additional 4,203 shares during the period.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

NYSE VPV opened at $10.17 on Friday. The company’s 50 day moving average is $10.38 and its 200-day moving average is $10.74. Invesco Pennsylvania Value Municipal Income Trust has a 12-month low of $9.84 and a 12-month high of $11.41.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.0667 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.80 dividend on an annualized basis and a yield of 7.87%.

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.