Insider Buying: Invesco California Municipal Incme Trust Director Buys 30,000 Shares of Stock (VCV)
Invesco California Municipal Incme Trust (NYSE:VCV) Director Rodney F. Dammeyer acquired 30,000 shares of Invesco California Municipal Incme Trust stock on the open market in a transaction that occurred on Thursday, June 26th. The stock was purchased at an average price of $12.44 per share, with a total value of $373,200.00. The purchase was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on VCV shares. Analysts at JPMorgan Chase & Co. upgraded shares of Invesco California Municipal Incme Trust to an “overweight” rating in a research note on Tuesday, May 20th. Separately, analysts at Deutsche Bank initiated coverage on shares of Invesco California Municipal Incme Trust in a research note on Friday, May 16th. They set a “hold” rating on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Invesco California Municipal Incme Trust from $48.00 to $47.00 in a research note on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.38.
Invesco California Municipal Incme Trust (NYSE:VCV) traded down 0.32% on Friday, hitting $12.43. The stock had a trading volume of 45,457 shares. Invesco California Municipal Incme Trust has a one year low of $10.63 and a one year high of $12.58. The stock has a 50-day moving average of $12.36 and a 200-day moving average of $11.84.
The company also recently announced a monthly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.066 per share. This represents a $0.79 annualized dividend and a dividend yield of 6.35%. The ex-dividend date is Wednesday, June 11th.
Invesco California Municipal Income Trust (NYSE:VCV), formerly Invesco California Insured Municipal Income Trust, is a diversified, closed-end management investment company.
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