Lido Advisors LLC acquired a new stake in shares of Invesco Value Municipal Income Trust (NYSE:IIM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 49,522 shares of the investment management company's stock, valued at approximately $589,000.
Other institutional investors have also made changes to their positions in the company. Lauer Wealth LLC bought a new position in Invesco Value Municipal Income Trust in the 4th quarter worth $190,000. Avior Wealth Management LLC bought a new stake in Invesco Value Municipal Income Trust in the 4th quarter valued at $54,000. Catalina Capital Group LLC increased its holdings in shares of 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 worth $269,000 after purchasing an additional 1,857 shares during the period. Van ECK Associates Corp lifted its stake in shares of Invesco Value Municipal Income Trust by 28.3% in the fourth quarter. Van ECK Associates Corp now owns 351,719 shares of the investment management company's stock valued at $4,182,000 after buying an additional 77,513 shares during the period. Finally, Allworth Financial LP grew its position in Invesco Value Municipal Income Trust by 310.0% during the fourth quarter. Allworth Financial LP now owns 2,255 shares of the investment management company's stock worth $27,000 after buying an additional 1,705 shares in the last quarter. 20.73% of the stock is owned by institutional investors.
Invesco Value Municipal Income Trust Price Performance
Shares of NYSE:IIM traded up $0.11 during trading on Wednesday, hitting $11.96. 158,795 shares of the stock were exchanged, compared to its average volume of 150,187. The company's fifty day simple moving average is $11.88 and its 200-day simple moving average is $12.12. Invesco Value Municipal Income Trust has a 1-year low of $10.96 and a 1-year high of $13.10.
Invesco Value Municipal Income Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.0771 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date of this dividend is Friday, May 16th.
Invesco Value Municipal Income Trust Profile
(
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.
Recommended Stories
Before you consider Invesco Value Municipal Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco Value Municipal Income Trust wasn't on the list.
While Invesco Value Municipal Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
