Hennion & Walsh Asset Management Inc. Sells 190,253 Shares of Invesco Value Municipal Income Trust (NYSE:IIM)

Hennion & Walsh Asset Management Inc. lessened its stake in Invesco Value Municipal Income Trust (NYSE:IIM - Free Report) by 19.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 775,390 shares of the investment management company's stock after selling 190,253 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Invesco Value Municipal Income Trust were worth $9,281,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Invesco Value Municipal Income Trust by 1,096.8% during the 1st quarter. GAMMA Investing LLC now owns 3,004 shares of the investment management company's stock valued at $360,000 after buying an additional 2,753 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Invesco Value Municipal Income Trust by 28.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,870 shares of the investment management company's stock valued at $177,000 after buying an additional 3,260 shares during the period. Elequin Capital LP purchased a new stake in Invesco Value Municipal Income Trust in the fourth quarter worth about $101,000. Nomura Holdings Inc. grew its stake in shares of Invesco Value Municipal Income Trust by 114.7% in the 4th quarter. Nomura Holdings Inc. now owns 23,270 shares of the investment management company's stock worth $277,000 after buying an additional 12,433 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Invesco Value Municipal Income Trust by 4.8% during the fourth quarter. Nuveen Asset Management LLC now owns 44,081 shares of the investment management company's stock valued at $524,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 20.73% of the company's stock.

Invesco Value Municipal Income Trust Price Performance

Shares of IIM traded up $0.02 during trading hours on Wednesday, hitting $11.66. The company had a trading volume of 115,034 shares, compared to its average volume of 147,940. Invesco Value Municipal Income Trust has a 52-week low of $10.96 and a 52-week high of $13.10. The firm has a fifty day moving average price of $11.73 and a 200-day moving average price of $12.03.

Invesco Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a $0.0771 dividend. This represents a $0.93 annualized dividend and a dividend yield of 7.93%. The ex-dividend date is Tuesday, June 17th.

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.