Inv Vk Ca Valu (NYSE:VCV) Sees Unusually-High Trading Volume – Here’s Why

Inv Vk Ca Valu (NYSE:VCV) shares saw an uptick in trading volume on Thursday . 130,669 shares traded hands during mid-day trading, an increase of 80% from the previous session’s volume of 72,548 shares.The stock last traded at $11.2150 and had previously closed at $11.20.

Inv Vk Ca Valu Stock Performance

The stock has a 50-day moving average price of $10.96 and a 200 day moving average price of $10.59.

Inv Vk Ca Valu Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a dividend of $0.0646 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, January 15th.

Institutional Trading of Inv Vk Ca Valu

A number of institutional investors have recently bought and sold shares of VCV. Clay Northam Wealth Management LLC increased its holdings in shares of Inv Vk Ca Valu by 33.4% in the 2nd quarter. Clay Northam Wealth Management LLC now owns 30,147 shares of the investment management company’s stock valued at $313,000 after acquiring an additional 7,547 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Inv Vk Ca Valu during the second quarter worth about $50,000. Envestnet Asset Management Inc. lifted its holdings in shares of Inv Vk Ca Valu by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,083 shares of the investment management company’s stock valued at $322,000 after purchasing an additional 1,074 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Inv Vk Ca Valu by 9.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 691,321 shares of the investment management company’s stock valued at $7,169,000 after purchasing an additional 59,189 shares during the period. Finally, Osaic Holdings Inc. grew its stake in Inv Vk Ca Valu by 3.1% during the 2nd quarter. Osaic Holdings Inc. now owns 40,265 shares of the investment management company’s stock worth $418,000 after buying an additional 1,196 shares during the last quarter. 18.80% of the stock is owned by hedge funds and other institutional investors.

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.