LexAurum Advisors LLC Takes Position in Invesco Value Municipal Income Trust (NYSE:IIM)

LexAurum Advisors LLC bought a new position in Invesco Value Municipal Income Trust (NYSE:IIM - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 92,258 shares of the investment management company's stock, valued at approximately $1,104,000.

Several other hedge funds have also made changes to their positions in IIM. Raymond James Financial Inc. bought a new position in shares of Invesco Value Municipal Income Trust during the fourth quarter valued at approximately $2,310,000. LPL Financial LLC boosted its position in Invesco Value Municipal Income Trust by 77.0% during the 4th quarter. LPL Financial LLC now owns 247,303 shares of the investment management company's stock valued at $2,940,000 after acquiring an additional 107,583 shares in the last quarter. Robinson Capital Management LLC increased its holdings in shares of Invesco Value Municipal Income Trust by 19.4% in the 4th quarter. Robinson Capital Management LLC now owns 642,440 shares of the investment management company's stock valued at $7,639,000 after acquiring an additional 104,296 shares during the period. Bank of America Corp DE raised its position in shares of Invesco Value Municipal Income Trust by 5.5% in the 4th quarter. Bank of America Corp DE now owns 1,673,318 shares of the investment management company's stock worth $19,896,000 after acquiring an additional 87,776 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Invesco Value Municipal Income Trust by 28.3% in the 4th quarter. Van ECK Associates Corp now owns 351,719 shares of the investment management company's stock worth $4,182,000 after acquiring an additional 77,513 shares in the last quarter. 20.73% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Value Municipal Income Trust Price Performance

IIM stock traded down $0.03 during trading on Monday, reaching $11.61. 155,811 shares of the company traded hands, compared to its average volume of 147,586. The business has a 50 day simple moving average of $11.71 and a 200 day simple moving average of $12.02. Invesco Value Municipal Income Trust has a 12 month low of $10.96 and a 12 month high of $13.10.

Invesco Value Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date of this dividend is Tuesday, June 17th.

Invesco Value Municipal Income Trust 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.