Van ECK Associates Corp Trims Stake in Invesco Value Municipal Income Trust (NYSE:IIM)

Van ECK Associates Corp trimmed its stake in Invesco Value Municipal Income Trust (NYSE:IIM) by 8.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,209 shares of the investment management company’s stock after selling 31,002 shares during the period. Van ECK Associates Corp’s holdings in Invesco Value Municipal Income Trust were worth $4,248,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its stake in shares of Invesco Value Municipal Income Trust by 0.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 103,070 shares of the investment management company’s stock worth $1,237,000 after purchasing an additional 907 shares in the last quarter. Wealth Quarterback LLC increased its stake in shares of Invesco Value Municipal Income Trust by 5.3% in the 4th quarter. Wealth Quarterback LLC now owns 52,480 shares of the investment management company’s stock worth $616,000 after purchasing an additional 2,661 shares in the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of Invesco Value Municipal Income Trust in the 4th quarter worth $77,000. Leo Wealth LLC increased its stake in shares of Invesco Value Municipal Income Trust by 9.7% in the 1st quarter. Leo Wealth LLC now owns 140,745 shares of the investment management company’s stock worth $1,687,000 after purchasing an additional 12,465 shares in the last quarter. Finally, Catalina Capital Group LLC purchased a new stake in Invesco Value Municipal Income Trust in the 2nd quarter worth $265,000. 20.73% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Value Municipal Income Trust Stock Performance

Shares of IIM stock opened at $12.76 on Thursday. Invesco Value Municipal Income Trust has a 52-week low of $9.94 and a 52-week high of $12.87. The stock has a fifty day simple moving average of $12.56 and a two-hundred day simple moving average of $12.05.

Invesco Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be paid a $0.0771 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.93 dividend on an annualized basis and a yield of 7.25%.

Invesco Value Municipal Income Trust Company Profile

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.