Bank of America Corp DE Buys 87,776 Shares of Invesco Value Municipal Income Trust (NYSE:IIM)

Bank of America Corp DE increased its position in shares of Invesco Value Municipal Income Trust (NYSE:IIM - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,673,318 shares of the investment management company's stock after buying an additional 87,776 shares during the period. Bank of America Corp DE's holdings in Invesco Value Municipal Income Trust were worth $19,896,000 as of its most recent filing with the Securities and Exchange Commission.

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

Invesco Value Municipal Income Trust Stock Performance

NYSE:IIM traded down $0.02 on Friday, reaching $11.60. 96,151 shares of the stock traded hands, compared to its average volume of 149,058. Invesco Value Municipal Income Trust has a 1-year low of $10.96 and a 1-year high of $13.10. The company's 50 day moving average is $11.78 and its 200-day moving average is $12.07.

Invesco Value Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date of this dividend is Friday, May 16th.

About Invesco Value Municipal Income Trust

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.