NewEdge Advisors LLC made a significant investment in Invesco California Value Municipal Income Trust, positioning themselves with a stake of $430,000 during the fourth quarter. This move was disclosed in their recent filing with the Securities & Exchange Commission. Their acquisition included 39,280 shares of the investment management company’s stock. Notably, other prominent investors have also adjusted their holdings in the company recently.

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D.A. Davidson & CO. saw a 11.4% increase in their stake in Invesco California Value Municipal Income Trust, now owning 42,465 shares worth $465,000. Raymond James Financial Inc. entered the scene with a new position valued at around $606,000. Wells Fargo & Company MN bolstered its holdings by 15.9% in the fourth quarter, now owning 513,271 shares worth $5.6 million. LPL Financial LLC also increased its stake by 1.1%, holding 120,617 shares valued at $1.32 million. Additionally, Envestnet Asset Management Inc. saw a 78.9% surge in their holdings, now owning 74,374 shares valued at $814,000.

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Overall, institutional investors now collectively own 18.80% of Invesco California Value Municipal Income Trust’s stock. The stock experienced a slight dip of 0.3%, trading at $10.43 on the NYSE. It had a trading volume of 71,204 shares, slightly below its average volume of 125,480. The stock has seen fluctuations between $9.51 and $11.47 over the past year, with a 50-day moving average of $10.44 and a 200-day moving average of $10.61.

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In terms of dividends, Invesco California Value Municipal Income Trust recently announced a monthly dividend to be paid on May 30th. Investors holding shares as of May 16th will receive a dividend of $0.0646. The ex-dividend date is also set for May 16th, with an annualized dividend of $0.78 and a dividend yield of 7.43%.

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Invesco California Value Municipal Income Trust is a closed-ended fixed income mutual fund managed by Invesco Ltd. The fund is overseen by multiple entities and primarily invests in the U.S. fixed income markets. This strategic investment by NewEdge Advisors LLC signals confidence in the prospects of the company, reflecting broader market trends and investor sentiment in the municipal income trust sector.

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