Van ECK Associates Corp Buys 47,938 Shares of Invesco Value Municipal Income Trust (NYSE:IIM)

Van ECK Associates Corp raised its stake in shares of Invesco Value Municipal Income Trust (NYSE:IIM) by 15.7% in the 4th quarter, Holdings Channel reports. The firm owned 353,063 shares of the investment management company’s stock after acquiring an additional 47,938 shares during the period. Van ECK Associates Corp’s holdings in Invesco Value Municipal Income Trust were worth $4,141,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IIM. Wolverine Asset Management LLC boosted its stake in Invesco Value Municipal Income Trust by 2,253.5% during the fourth quarter. Wolverine Asset Management LLC now owns 35,608 shares of the investment management company’s stock valued at $418,000 after buying an additional 34,095 shares during the last quarter. Tyche Wealth Partners LLC purchased a new stake in shares of Invesco Value Municipal Income Trust during the 4th quarter worth approximately $473,000. AdvisorNet Financial Inc boosted its position in shares of Invesco Value Municipal Income Trust by 46.4% during the 4th quarter. AdvisorNet Financial Inc now owns 7,365 shares of the investment management company’s stock valued at $86,000 after acquiring an additional 2,335 shares during the last quarter. Ackerman Capital Advisors LLC purchased a new position in shares of Invesco Value Municipal Income Trust in the fourth quarter valued at $124,000. Finally, S.A. Mason LLC bought a new stake in Invesco Value Municipal Income Trust in the fourth quarter worth $46,000. Hedge funds and other institutional investors own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Stock Up 1.1 %

Invesco Value Municipal Income Trust stock opened at $11.54 on Monday. Invesco Value Municipal Income Trust has a 52-week low of $9.94 and a 52-week high of $12.10. The firm’s fifty day moving average is $11.68 and its 200 day moving average is $11.48.

Invesco Value Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be given a dividend of $0.0496 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Wednesday, May 15th.

About Invesco Value Municipal Income Trust

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.