Invesco Value Municipal Income Trust (NYSE:IIM) Plans $0.06 Monthly Dividend

Invesco Value Municipal Income Trust (NYSE:IIMGet Rating) declared a monthly dividend on Thursday, June 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, June 15th will be paid a dividend of 0.0627 per share by the investment management company on Thursday, June 30th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Tuesday, June 14th.

Shares of IIM traded up $0.04 during mid-day trading on Thursday, reaching $14.07. The company had a trading volume of 101,710 shares, compared to its average volume of 170,269. Invesco Value Municipal Income Trust has a twelve month low of $12.56 and a twelve month high of $17.29. The company’s 50-day moving average is $13.30 and its 200-day moving average is $14.84.

In related news, Portfolio Manager Timothy M. O’reilly sold 1,925 shares of the stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $13.54, for a total transaction of $26,064.50. Following the sale, the portfolio manager now directly owns 1,945 shares in the company, valued at approximately $26,335.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.05% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in Invesco Value Municipal Income Trust by 6.0% during the 1st quarter. Royal Bank of Canada now owns 44,474 shares of the investment management company’s stock worth $620,000 after acquiring an additional 2,529 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Invesco Value Municipal Income Trust by 22.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 14,474 shares of the investment management company’s stock worth $202,000 after acquiring an additional 2,689 shares during the last quarter. Wells Fargo & Company MN boosted its position in Invesco Value Municipal Income Trust by 1.3% in the 4th quarter. Wells Fargo & Company MN now owns 453,774 shares of the investment management company’s stock valued at $7,733,000 after buying an additional 5,878 shares during the last quarter. Morgan Stanley boosted its position in Invesco Value Municipal Income Trust by 2.2% in the 3rd quarter. Morgan Stanley now owns 340,747 shares of the investment management company’s stock valued at $5,558,000 after buying an additional 7,463 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Invesco Value Municipal Income Trust by 32.9% in the 1st quarter. NewEdge Advisors LLC now owns 36,145 shares of the investment management company’s stock valued at $504,000 after buying an additional 8,943 shares during the last quarter. Institutional investors and hedge funds own 12.49% of the company’s stock.

Invesco Value Municipal Income Trust Company Profile (Get Rating)

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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Dividend History for Invesco Value Municipal Income Trust (NYSE:IIM)

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