Invesco Value Municipal Income Trust (NYSE:IIM) Shares Purchased by LPL Financial LLC

LPL Financial LLC lifted its holdings in Invesco Value Municipal Income Trust (NYSE:IIM – Get Rating) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 166,080 shares of the investment management company’s stock after acquiring an additional 2,257 shares during the quarter. LPL Financial LLC owned 0.35% of Invesco Value Municipal Income Trust worth $2,001,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in IIM. Envestnet Asset Management Inc. lifted its stake in shares of Invesco Value Municipal Income Trust by 22.8% in the first quarter. Envestnet Asset Management Inc. now owns 14,474 shares of the investment management company’s stock worth $202,000 after buying an additional 2,689 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Invesco Value Municipal Income Trust during the first quarter worth about $351,000. NewEdge Advisors LLC increased its position in Invesco Value Municipal Income Trust by 32.9% during the first quarter. NewEdge Advisors LLC now owns 36,145 shares of the investment management company’s stock worth $504,000 after purchasing an additional 8,943 shares during the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Invesco Value Municipal Income Trust during the first quarter valued at about $335,000. Finally, UBS Group AG increased its position in shares of Invesco Value Municipal Income Trust by 8.1% during the first quarter. UBS Group AG now owns 378,886 shares of the investment management company’s stock valued at $5,282,000 after acquiring an additional 28,318 shares during the last quarter. 14.94% of the stock is owned by hedge funds and other institutional investors.

Invesco Value Municipal Income Trust Trading Down 1.3 %

Shares of IIM opened at $11.41 on Tuesday. Invesco Value Municipal Income Trust has a 1-year low of $10.86 and a 1-year high of $14.24. The firm has a 50-day simple moving average of $11.91 and a two-hundred day simple moving average of $12.08.

Invesco Value Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be paid a dividend of $0.0458 per share. This represents a $0.55 annualized dividend and a yield of 4.82%. The ex-dividend date is Friday, May 12th.

Invesco Value Municipal Income Trust Profile

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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.