RMB Capital Management LLC Cuts Stake in Invesco California Value Municipal Income Trust (VCV)

RMB Capital Management LLC reduced its position in Invesco California Value Municipal Income Trust (NYSE:VCV) by 60.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,054 shares of the investment management company’s stock after selling 49,758 shares during the period. RMB Capital Management LLC’s holdings in Invesco California Value Municipal Income Trust were worth $407,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Naples Global Advisors LLC purchased a new stake in shares of Invesco California Value Municipal Income Trust during the first quarter worth about $126,000. First Trust Advisors LP bought a new position in Invesco California Value Municipal Income Trust during the first quarter worth $131,000. CNH Partners LLC bought a new position in Invesco California Value Municipal Income Trust during the fourth quarter worth $184,000. Accuvest Global Advisors bought a new position in Invesco California Value Municipal Income Trust during the first quarter worth $286,000. Finally, Stifel Financial Corp increased its position in Invesco California Value Municipal Income Trust by 26.4% in the first quarter. Stifel Financial Corp now owns 31,569 shares of the investment management company’s stock worth $389,000 after buying an additional 6,600 shares in the last quarter. 11.71% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Invesco California Value Municipal Income Trust (NYSE:VCV)

Invesco California Value Municipal Income Trust (VCV) traded down 0.08% on Monday, hitting $12.72. 43,194 shares of the stock were exchanged. The company has a 50-day moving average of $12.60 and a 200-day moving average of $12.36. Invesco California Value Municipal Income Trust has a 12 month low of $11.78 and a 12 month high of $14.83.

The firm also recently announced a monthly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, June 14th will be given a dividend of $0.0535 per share. The ex-dividend date is Monday, June 12th. This represents a $0.64 annualized dividend and a yield of 5.03%.

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About Invesco California Value Municipal Income Trust

Invesco Van Kampen California Value Municipal Income Trust (the Trust), formerly Invesco California Value Municipal Income Trust, is a diversified, closed-end management investment trust. The Trust’s investment objective is to seek to provide common shareholders with a high level of current income exempt from federal and California income taxes, consistent with preservation of capital.

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