Raymond James Financial Inc. acquired a new position in shares of Invesco Value Municipal Income Trust (NYSE:IIM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 194,282 shares of the investment management company's stock, valued at approximately $2,310,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP grew its stake in shares of Invesco Value Municipal Income Trust by 310.0% in the fourth quarter. Allworth Financial LP now owns 2,255 shares of the investment management company's stock worth $27,000 after purchasing an additional 1,705 shares in the last quarter. Curio Wealth LLC bought a new position in Invesco Value Municipal Income Trust in the 4th quarter valued at about $32,000. Harbour Investments Inc. acquired a new position in Invesco Value Municipal Income Trust during the 4th quarter valued at about $48,000. Avior Wealth Management LLC bought a new stake in shares of Invesco Value Municipal Income Trust during the 4th quarter worth about $54,000. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Invesco Value Municipal Income Trust in the 4th quarter worth approximately $78,000. 20.73% of the stock is owned by institutional investors.
Invesco Value Municipal Income Trust Price Performance
Shares of NYSE IIM traded up $0.07 during mid-day trading on Friday, reaching $11.92. 167,127 shares of the company traded hands, compared to its average volume of 149,781. Invesco Value Municipal Income Trust has a fifty-two week low of $10.96 and a fifty-two week high of $13.10. The stock has a fifty day simple moving average of $11.91 and a 200-day simple moving average of $12.13.
Invesco Value Municipal Income Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors 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 yield of 7.76%. The ex-dividend date is Friday, May 16th.
Invesco Value Municipal Income Trust Company 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.
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