Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Saba Capital Management, L.P. Purchases 2,973 Shares

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. bought 2,973 shares of the stock in a transaction on Monday, April 15th. The stock was purchased at an average cost of $9.94 per share, for a total transaction of $29,551.62. Following the acquisition, the insider now directly owns 2,842,701 shares of the company’s stock, valued at approximately $28,256,447.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 stock was purchased at an average cost of $10.01 per share, for a total transaction 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 stock was purchased at an average cost of $10.21 per share, for a total transaction 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 stock was purchased at an average cost of $10.22 per share, for a total transaction of $106,012.06.
• On Thursday, March 7th, Saba Capital Management, L.P. acquired 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. acquired 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 Trading Down 0.3 %

Invesco Pennsylvania Value Municipal Income Trust stock opened at $9.94 on Tuesday. The stock has a 50-day moving average price of $10.15 and a 200 day moving average price of $9.76. Invesco Pennsylvania Value Municipal Income Trust has a 52 week low of $8.58 and a 52 week high of $10.28.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given 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 is Monday, April 15th.

Institutional Trading of Invesco Pennsylvania Value Municipal Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. increased its position in Invesco Pennsylvania Value Municipal Income Trust by 59.7% during the 3rd quarter. Saba Capital Management L.P. now owns 2,114,078 shares of the financial services provider’s stock worth $18,921,000 after purchasing an additional 790,187 shares in the last quarter. Fiera Capital Corp increased its position in Invesco Pennsylvania Value Municipal Income Trust by 2.0% during the 3rd quarter. Fiera Capital Corp now owns 365,614 shares of the financial services provider’s stock worth $3,272,000 after purchasing an additional 7,293 shares in the last quarter. AQR Arbitrage LLC increased its position in Invesco Pennsylvania Value Municipal Income Trust by 66.8% during the 3rd quarter. AQR Arbitrage LLC now owns 146,158 shares of the financial services provider’s stock worth $1,308,000 after purchasing an additional 58,522 shares in the last quarter. Bank of America Corp DE boosted its stake in Invesco Pennsylvania Value Municipal Income Trust by 23.3% in the 1st quarter. Bank of America Corp DE now owns 138,145 shares of the financial services provider’s stock worth $1,614,000 after buying an additional 26,099 shares during the last quarter. Finally, Rivernorth Capital Management LLC boosted its stake in Invesco Pennsylvania Value Municipal Income Trust by 41.7% in the 1st quarter. Rivernorth Capital Management LLC now owns 137,655 shares of the financial services provider’s stock worth $1,608,000 after buying an additional 40,540 shares during the last quarter.

About Invesco Pennsylvania Value Municipal Income Trust

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.