Saba Capital Management, L.P. Buys 2,973 Shares of Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. bought 2,973 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were bought at an average price of $9.94 per share, with a total value of $29,551.62. Following the transaction, the insider now owns 2,842,701 shares of the company’s stock, valued at approximately $28,256,447.94. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, April 12th, Saba Capital Management, L.P. bought 13,333 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average price of $10.01 per share, with a total value of $133,463.33.
• On Tuesday, March 19th, Saba Capital Management, L.P. bought 11,342 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average price of $10.21 per share, with a total value of $115,801.82.
• On Monday, March 11th, Saba Capital Management, L.P. bought 10,373 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average price of $10.22 per share, with a total value of $106,012.06.
• On Thursday, March 7th, Saba Capital Management, L.P. bought 27,652 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average price of $10.15 per share, with a total value of $280,667.80.
• On Tuesday, January 16th, Saba Capital Management, L.P. bought 100 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average price of $10.10 per share, with a total value of $1,010.00.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

Shares of NYSE:VPV opened at $9.95 on Thursday. The firm has a fifty day moving average price of $10.13 and a 200 day moving average price of $9.76. Invesco Pennsylvania Value Municipal Income Trust has a fifty-two week low of $8.58 and a fifty-two week high of $10.28.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Monday, April 15th.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

A number of hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in Invesco Pennsylvania Value Municipal Income Trust during the fourth quarter valued at $122,000. Napa Wealth Management purchased a new stake in Invesco Pennsylvania Value Municipal Income Trust during the fourth quarter valued at $273,000. Pathstone Holdings LLC purchased a new stake in Invesco Pennsylvania Value Municipal Income Trust during the fourth quarter valued at $395,000. Karpus Management Inc. raised its stake in Invesco Pennsylvania Value Municipal Income Trust by 274.4% during the fourth quarter. Karpus Management Inc. now owns 118,926 shares of the financial services provider’s stock valued at $1,189,000 after purchasing an additional 87,164 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Invesco Pennsylvania Value Municipal Income Trust by 25.2% during the fourth quarter. Stifel Financial Corp now owns 23,221 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 4,676 shares in 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.