Invesco Value Municipal Income Trust (NYSE:IIM) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its position in shares of Invesco Value Municipal Income Trust (NYSE:IIM) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,439 shares of the investment management company’s stock after selling 9,445 shares during the period. Wells Fargo & Company MN’s holdings in Invesco Value Municipal Income Trust were worth $3,965,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Invesco Value Municipal Income Trust in the 4th quarter valued at $2,310,000. LPL Financial LLC raised its holdings in shares of Invesco Value Municipal Income Trust by 77.0% in the fourth quarter. LPL Financial LLC now owns 247,303 shares of the investment management company’s stock valued at $2,940,000 after buying an additional 107,583 shares during the last quarter. Robinson Capital Management LLC boosted its stake in shares of Invesco Value Municipal Income Trust by 19.4% during the fourth quarter. Robinson Capital Management LLC now owns 642,440 shares of the investment management company’s stock worth $7,639,000 after buying an additional 104,296 shares during the period. Van ECK Associates Corp grew its holdings in shares of Invesco Value Municipal Income Trust by 28.3% during the fourth quarter. Van ECK Associates Corp now owns 351,719 shares of the investment management company’s stock worth $4,182,000 after buying an additional 77,513 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Invesco Value Municipal Income Trust in the 4th quarter valued at about $899,000. Hedge funds and other institutional investors own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Stock Down 1.1 %

Shares of NYSE IIM opened at $11.43 on Tuesday. The stock has a fifty day moving average price of $12.03 and a 200 day moving average price of $12.19. Invesco Value Municipal Income Trust has a 1-year low of $10.96 and a 1-year high of $13.10.

Invesco Value Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.0771 per share. The ex-dividend date is Wednesday, April 16th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 8.09%.

Invesco Value Municipal Income Trust 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.