Raymond James Financial Inc. Takes Position in Invesco California Value Municipal Income Trust (NYSE:VCV)

Raymond James Financial Inc. bought a new stake in shares of Invesco California Value Municipal Income Trust (NYSE:VCV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 55,395 shares of the investment management company’s stock, valued at approximately $606,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its stake in Invesco California Value Municipal Income Trust by 32.1% during the third quarter. Sanctuary Advisors LLC now owns 49,073 shares of the investment management company’s stock worth $507,000 after buying an additional 11,938 shares during the period. Cypress Wealth Services LLC bought a new stake in shares of Invesco California Value Municipal Income Trust in the 4th quarter worth about $718,000. Pacific Wealth Strategies Group Inc. boosted its stake in shares of Invesco California Value Municipal Income Trust by 3.2% during the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 81,335 shares of the investment management company’s stock worth $890,000 after purchasing an additional 2,511 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Invesco California Value Municipal Income Trust by 11.4% during the 4th quarter. D.A. Davidson & CO. now owns 42,465 shares of the investment management company’s stock worth $465,000 after purchasing an additional 4,350 shares during the period. Finally, Atria Wealth Solutions Inc. raised its position in Invesco California Value Municipal Income Trust by 67.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 255,413 shares of the investment management company’s stock worth $2,794,000 after purchasing an additional 103,126 shares during the period. Hedge funds and other institutional investors own 18.80% of the company’s stock.

Invesco California Value Municipal Income Trust Price Performance

Shares of NYSE VCV opened at $10.56 on Monday. Invesco California Value Municipal Income Trust has a 1 year low of $9.49 and a 1 year high of $11.47. The firm has a 50-day simple moving average of $10.91 and a two-hundred day simple moving average of $10.74.

Invesco California Value Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date of this dividend is Wednesday, April 16th.

About Invesco California Value Municipal Income Trust

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.