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Invesco California Municipal Incme Trust (NYSE:VCV) Director Rodney F. Dammeyer acquired 20,400 shares of Invesco California Municipal Incme Trust stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average cost of $12.22 per share, with a total value of $249,288.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

VCV has been the subject of a number of recent research reports. Analysts at Deutsche Bank upgraded shares of Invesco California Municipal Incme Trust to a “buy” rating in a research note on Friday, August 1st. 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.86.

Shares of Invesco California Municipal Incme Trust (NYSE:VCV) traded up 0.08% during mid-day trading on Friday, hitting $12.27. 90,665 shares of the company’s stock traded hands. Invesco California Municipal Incme Trust has a 52-week low of $10.63 and a 52-week high of $12.58. The stock’s 50-day moving average is $12.21 and its 200-day moving average is $12.06.

The company also recently announced a monthly dividend, which is scheduled for Friday, August 29th. Investors of record on Monday, August 11th will be paid a dividend of $0.066 per share. This represents a $0.79 annualized dividend and a dividend yield of 6.45%. The ex-dividend date is Thursday, August 7th.

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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