Raymond James Financial Inc. Purchases Shares of 194,282 Invesco Value Municipal Income Trust (NYSE:IIM)

Raymond James Financial Inc. acquired a new stake in shares of Invesco Value Municipal Income Trust (NYSE:IIM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 194,282 shares of the investment management company’s stock, valued at approximately $2,310,000.

Other large investors have also modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of Invesco Value Municipal Income Trust by 310.0% during the 4th quarter. Allworth Financial LP now owns 2,255 shares of the investment management company’s stock worth $27,000 after acquiring an additional 1,705 shares during the period. Curio Wealth LLC purchased a new position in shares of Invesco Value Municipal Income Trust during the 4th quarter worth about $32,000. Harbour Investments Inc. purchased a new position in shares of Invesco Value Municipal Income Trust during the 4th quarter worth about $48,000. Avior Wealth Management LLC purchased a new position in shares of Invesco Value Municipal Income Trust during the 4th quarter worth about $54,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of Invesco Value Municipal Income Trust during the 4th quarter worth about $78,000. 20.73% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Value Municipal Income Trust Trading Up 0.1 %

Shares of IIM stock opened at $11.73 on Wednesday. Invesco Value Municipal Income Trust has a 1-year low of $10.96 and a 1-year high of $13.10. The firm’s 50-day simple moving average is $11.94 and its 200-day simple moving average is $12.15.

Invesco Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.0771 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.93 annualized dividend and a yield of 7.89%.

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.