Ameriprise Financial Inc. Raises Stake in Invesco Value Municipal Income Trust (NYSE:IIM)

Ameriprise Financial Inc. grew its stake in shares of Invesco Value Municipal Income Trust (NYSE:IIM) by 70.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,253 shares of the investment management company’s stock after purchasing an additional 20,714 shares during the period. Ameriprise Financial Inc.’s holdings in Invesco Value Municipal Income Trust were worth $586,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in IIM. Allworth Financial LP boosted its position 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 purchasing an additional 1,705 shares in the last quarter. Curio Wealth LLC purchased a new stake in shares of Invesco Value Municipal Income Trust during the 4th quarter worth $32,000. Harbour Investments Inc. purchased a new stake in shares of Invesco Value Municipal Income Trust during the 4th quarter worth $48,000. CoreFirst Bank & Trust purchased a new stake in shares of Invesco Value Municipal Income Trust during the 4th quarter worth $78,000. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Invesco Value Municipal Income Trust by 29.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,855 shares of the investment management company’s stock worth $105,000 after purchasing an additional 2,000 shares in the last quarter. 20.73% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Value Municipal Income Trust Stock Performance

Shares of NYSE IIM opened at $11.64 on Wednesday. Invesco Value Municipal Income Trust has a one year low of $10.96 and a one year high of $13.10. The company’s fifty day moving average is $11.73 and its two-hundred day moving average is $12.03.

Invesco Value Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.0771 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.93 annualized dividend and a dividend yield of 7.95%.

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.