Advisors Asset Management Inc. Acquires 114,394 Shares of Inv Vk Ca Valu $VCV

Advisors Asset Management Inc. increased its stake in Inv Vk Ca Valu (NYSE:VCV) by 16.5% during the 3rd quarter, Holdings Channel reports. The firm owned 805,715 shares of the investment management company’s stock after purchasing an additional 114,394 shares during the quarter. Advisors Asset Management Inc.’s holdings in Inv Vk Ca Valu were worth $8,533,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Inv Vk Ca Valu by 17.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 398,429 shares of the investment management company’s stock worth $4,219,000 after buying an additional 59,002 shares during the last quarter. D.A. Davidson & CO. grew its position in Inv Vk Ca Valu by 77.3% in the third quarter. D.A. Davidson & CO. now owns 75,277 shares of the investment management company’s stock worth $797,000 after acquiring an additional 32,812 shares in the last quarter. Cypress Wealth Services LLC grew its position in Inv Vk Ca Valu by 1.9% in the third quarter. Cypress Wealth Services LLC now owns 68,002 shares of the investment management company’s stock worth $720,000 after acquiring an additional 1,259 shares in the last quarter. HCR Wealth Advisors bought a new position in Inv Vk Ca Valu in the third quarter valued at $105,000. Finally, NWF Advisory Services Inc. purchased a new stake in Inv Vk Ca Valu during the second quarter valued at about $133,000. 18.80% of the stock is currently owned by institutional investors.

Inv Vk Ca Valu Stock Down 0.2%

Shares of VCV stock opened at $11.25 on Thursday. The business has a 50-day moving average price of $11.03 and a two-hundred day moving average price of $10.74. Inv Vk Ca Valu has a 12-month low of $9.51 and a 12-month high of $11.38.

Inv Vk Ca Valu Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be paid a $0.0646 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 6.9%.

Inv Vk Ca Valu Company Profile

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.