Lido Advisors LLC acquired a new stake in shares of Invesco Value Municipal Income Trust (NYSE:IIM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 49,522 shares of the investment management company's stock, valued at approximately $589,000.
Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Invesco Value Municipal Income Trust during the 4th quarter worth approximately $2,310,000. LPL Financial LLC boosted its stake in Invesco Value Municipal Income Trust by 77.0% during the fourth quarter. LPL Financial LLC now owns 247,303 shares of the investment management company's stock worth $2,940,000 after buying an additional 107,583 shares in the last quarter. Robinson Capital Management LLC increased its holdings in 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 buying an additional 104,296 shares during the period. Van ECK Associates Corp increased its holdings in 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 valued at $4,182,000 after buying an additional 77,513 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in shares of Invesco Value Municipal Income Trust in the 4th quarter valued at $899,000. Institutional investors own 20.73% of the company's stock.
Invesco Value Municipal Income Trust Price Performance
Shares of Invesco Value Municipal Income Trust stock traded up $0.08 during trading on Friday, hitting $12.06. 95,232 shares of the company's stock traded hands, compared to its average volume of 150,173. Invesco Value Municipal Income Trust has a twelve month low of $10.96 and a twelve month high of $13.10. The firm's fifty day moving average price is $11.86 and its 200 day moving average price is $12.11.
Invesco Value Municipal Income Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.0771 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.93 annualized dividend and a dividend yield of 7.67%.
About Invesco Value Municipal Income Trust
(
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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