Invesco Value Municipal Income Trust (NYSE:IIM) Declares $0.08 Monthly Dividend

Invesco Value Municipal Income Trust (NYSE:IIM - Get Free Report) announced a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Shareholders 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 7.93%. The ex-dividend date of this dividend is Tuesday, June 17th.

Invesco Value Municipal Income Trust Price Performance

Shares of IIM remained flat at $11.67 during midday trading on Thursday. 57,190 shares of the stock were exchanged, compared to its average volume of 147,581. The company's 50 day simple moving average is $11.73 and its 200 day simple moving average is $12.03. Invesco Value Municipal Income Trust has a 52 week low of $10.96 and a 52 week high of $13.10.

Hedge Funds Weigh In On Invesco Value Municipal Income Trust

A hedge fund recently raised its stake in Invesco Value Municipal Income Trust stock. Goldman Sachs Group Inc. boosted its stake in shares of Invesco Value Municipal Income Trust (NYSE:IIM - Free Report) by 246.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,747 shares of the investment management company's stock after purchasing an additional 58,134 shares during the quarter. Goldman Sachs Group Inc. owned about 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

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.