Invesco Value Municipal Income Trust (NYSE:IIM) Shares Acquired by AdvisorNet Financial Inc

AdvisorNet Financial Inc lifted its holdings in Invesco Value Municipal Income Trust (NYSE:IIMGet Rating) by 41.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,903 shares of the investment management company’s stock after acquiring an additional 4,073 shares during the quarter. AdvisorNet Financial Inc’s holdings in Invesco Value Municipal Income Trust were worth $179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IIM. Running Point Capital Advisors LLC acquired a new stake in shares of Invesco Value Municipal Income Trust in the first quarter worth $139,000. Envestnet Asset Management Inc. acquired a new stake in shares of Invesco Value Municipal Income Trust in the fourth quarter worth $201,000. HighTower Advisors LLC increased its stake in shares of Invesco Value Municipal Income Trust by 5.0% in the fourth quarter. HighTower Advisors LLC now owns 14,815 shares of the investment management company’s stock worth $252,000 after acquiring an additional 700 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Invesco Value Municipal Income Trust by 9.0% in the first quarter. Integrated Wealth Concepts LLC now owns 18,200 shares of the investment management company’s stock worth $254,000 after acquiring an additional 1,500 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Invesco Value Municipal Income Trust by 10.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 17,288 shares of the investment management company’s stock worth $294,000 after acquiring an additional 1,582 shares during the period. Institutional investors and hedge funds own 15.45% of the company’s stock.

Invesco Value Municipal Income Trust Trading Up 0.9 %

NYSE:IIM opened at $12.20 on Wednesday. Invesco Value Municipal Income Trust has a 1-year low of $12.00 and a 1-year high of $17.23. The company’s fifty day moving average price is $13.42 and its 200-day moving average price is $13.35.

Invesco Value Municipal Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.0544 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.65 annualized dividend and a yield of 5.35%.

About Invesco Value Municipal Income Trust

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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.

See Also

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Institutional Ownership by Quarter for Invesco Value Municipal Income Trust (NYSE:IIM)

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