Invesco Value Municipal Income Trust (NYSE:IIM - Get Free Report) declared a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Investors of record on Tuesday, June 17th will be given a dividend of 0.0771 per share by the investment management company on Monday, June 30th. This represents a $0.93 annualized dividend and a yield of 7.96%. The ex-dividend date is Tuesday, June 17th.
Invesco Value Municipal Income Trust Trading Down 0.2%
IIM stock traded down $0.03 during trading on Friday, hitting $11.63. The company had a trading volume of 146,591 shares, compared to its average volume of 147,615. Invesco Value Municipal Income Trust has a 52-week low of $10.96 and a 52-week high of $13.10. The company has a 50 day simple moving average of $11.71 and a 200-day simple moving average of $12.02.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Invesco Value Municipal Income Trust stock. Goldman Sachs Group Inc. raised its holdings in shares of Invesco Value Municipal Income Trust (NYSE:IIM - Free Report) by 246.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 81,747 shares of the investment management company's stock after purchasing an additional 58,134 shares during the period. Goldman Sachs Group Inc. owned 0.17% of Invesco Value Municipal Income Trust worth $979,000 at the end of the most recent reporting period. 20.73% of the stock is owned by hedge funds and other institutional investors.
Invesco Value Municipal Income Trust Company Profile
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Get Free Report)
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.
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