AQR Arbitrage LLC Lowers Holdings in Invesco Value Municipal Income Trust (NYSE:IIM)

AQR Arbitrage LLC lowered its position in Invesco Value Municipal Income Trust (NYSE:IIM - Free Report) by 91.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,171 shares of the investment management company's stock after selling 154,132 shares during the quarter. AQR Arbitrage LLC's holdings in Invesco Value Municipal Income Trust were worth $180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its holdings in shares of Invesco Value Municipal Income Trust by 8.7% in the fourth quarter. Corient Private Wealth LLC now owns 12,450 shares of the investment management company's stock worth $148,000 after buying an additional 1,000 shares in the last quarter. Rareview Capital LLC increased its holdings in shares of Invesco Value Municipal Income Trust by 0.9% in the fourth quarter. Rareview Capital LLC now owns 150,852 shares of the investment management company's stock worth $1,943,000 after purchasing an additional 1,365 shares during the period. D.A. Davidson & CO. lifted its position in Invesco Value Municipal Income Trust by 13.9% during the fourth quarter. D.A. Davidson & CO. now owns 12,258 shares of the investment management company's stock valued at $146,000 after purchasing an additional 1,500 shares during the last quarter. Allworth Financial LP lifted its stake in Invesco Value Municipal Income Trust by 310.0% during the fourth quarter. Allworth Financial LP now owns 2,255 shares of the investment management company's stock worth $27,000 after purchasing an additional 1,705 shares during the last quarter. Finally, Catalina Capital Group LLC increased its position in shares of Invesco Value Municipal Income Trust by 8.9% during the 4th quarter. Catalina Capital Group LLC now owns 22,641 shares of the investment management company's stock valued at $269,000 after purchasing an additional 1,857 shares during the last quarter. 20.73% of the stock is currently owned by institutional investors.

Invesco Value Municipal Income Trust Price Performance

Invesco Value Municipal Income Trust stock traded up $0.01 during trading hours on Tuesday, reaching $11.90. The company had a trading volume of 165,349 shares, compared to its average volume of 150,183. Invesco Value Municipal Income Trust has a 12-month low of $10.96 and a 12-month high of $13.10. The company has a 50-day moving average price of $11.90 and a 200 day moving average price of $12.12.

Invesco Value Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.0771 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date is Friday, May 16th.

Invesco Value Municipal Income Trust Company Profile

Invesco 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.