Sit Investment Associates Inc. Sells 42,258 Shares of Invesco Value Municipal Income Trust (NYSE:IIM)

Sit Investment Associates Inc. lowered its stake in shares of Invesco Value Municipal Income Trust (NYSE:IIM) by 11.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 315,910 shares of the investment management company’s stock after selling 42,258 shares during the quarter. Sit Investment Associates Inc. owned about 0.67% of Invesco Value Municipal Income Trust worth $3,734,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IIM. Money Concepts Capital Corp acquired a new position in Invesco Value Municipal Income Trust in the 4th quarter valued at $80,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Invesco Value Municipal Income Trust in the fourth quarter valued at about $96,000. Moody National Bank Trust Division bought a new position in shares of Invesco Value Municipal Income Trust in the second quarter worth about $118,000. Nomura Holdings Inc. acquired a new position in shares of Invesco Value Municipal Income Trust during the 1st quarter worth about $122,000. Finally, Baird Financial Group Inc. acquired a new position in shares of Invesco Value Municipal Income Trust during the 3rd quarter worth about $122,000. Institutional investors own 18.33% of the company’s stock.

Invesco Value Municipal Income Trust Stock Up 0.4 %

IIM opened at $11.05 on Thursday. The stock’s 50 day moving average price is $10.60 and its two-hundred day moving average price is $11.31. Invesco Value Municipal Income Trust has a 12-month low of $9.94 and a 12-month high of $12.99.

Invesco Value Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a $0.0441 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.53 annualized dividend and a dividend yield of 4.79%.

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.