VCV Stock Summary and Trading Ideas (Invesco Ca Value Muni | NYSE:VCV)

The Trust seeks to provide investors with a high level of current income exempt from federal and California income taxes, consistent with preservation of capital. The trust seek to achieve the Trust’s investment objective by investing primarily in California municipal securities that are rated investment grade at the time of investment. Municipal securities include municipal bonds, municipal notes, municipal commercial paper and lease obligations. The Trust may also invest up to 20% of its net assets in non-investment-grade and unrated securities that it determines to be of comparable quality. From time to time, the trust may invest in California municipal securities that pay interest subject to the federal alternative minimum tax

Invesco Ca Value Muni trades on the NYSE stock market under the symbol VCV.

As of May 13, 2024, VCV stock price declined to $9.77 with 97,673 million shares trading.

VCV has a beta of 0.68, meaning it tends to be less sensitive to market movements. VCV has a correlation of 0.37 to the broad based SPY ETF.

VCV has a market cap of $467.89 million. This is considered a Small Cap stock.

In the last 3 years, VCV stock traded as high as $14.49 and as low as $8.05.

VCV has underperformed the market in the last year with a price return of +4.8% while the SPY ETF gained +27.8%. VCV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.3% and +2.0%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

VCV support price is $9.74 and resistance is $9.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VCV stock will trade within this expected range on the day.