Bank of America Corp DE Raises Stock Position in Invesco Value Municipal Income Trust (NYSE:IIM)

Bank of America Corp DE lifted its stake in shares of Invesco Value Municipal Income Trust (NYSE:IIM) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,673,318 shares of the investment management company’s stock after buying an additional 87,776 shares during the quarter. Bank of America Corp DE’s holdings in Invesco Value Municipal Income Trust were worth $19,896,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Corient Private Wealth LLC lifted its position in shares of Invesco Value Municipal Income Trust by 8.7% during the 4th quarter. Corient Private Wealth LLC now owns 12,450 shares of the investment management company’s stock worth $148,000 after buying an additional 1,000 shares during the last quarter. Rareview Capital LLC increased its holdings in shares of Invesco Value Municipal Income Trust by 0.9% in the 4th quarter. Rareview Capital LLC now owns 150,852 shares of the investment management company’s stock valued at $1,943,000 after acquiring an additional 1,365 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Invesco Value Municipal Income Trust by 13.9% in the 4th quarter. D.A. Davidson & CO. now owns 12,258 shares of the investment management company’s stock valued at $146,000 after acquiring an additional 1,500 shares during the period. Allworth Financial LP increased its holdings in shares of Invesco Value Municipal Income Trust by 310.0% in the 4th quarter. Allworth Financial LP now owns 2,255 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 1,705 shares during the period. Finally, Catalina Capital Group LLC increased its holdings in shares of Invesco Value Municipal Income Trust by 8.9% in the 4th quarter. Catalina Capital Group LLC now owns 22,641 shares of the investment management company’s stock valued at $269,000 after acquiring an additional 1,857 shares during the period. Hedge funds and other institutional investors own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Stock Down 0.3%

Shares of Invesco Value Municipal Income Trust stock opened at $11.83 on Tuesday. The firm’s fifty day simple moving average is $11.82 and its 200-day simple moving average is $12.09. Invesco Value Municipal Income Trust has a 12 month low of $10.96 and a 12 month high of $13.10.

Invesco Value Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.0771 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.82%.

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.