Invesco Value Municipal Income Trust (NYSE:IIM) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its holdings in Invesco Value Municipal Income Trust (NYSE:IIMFree Report) by 3.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 305,125 shares of the investment management company’s stock after selling 10,355 shares during the quarter. Van ECK Associates Corp’s holdings in Invesco Value Municipal Income Trust were worth $3,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Guggenheim Capital LLC grew its holdings in Invesco Value Municipal Income Trust by 8.7% in the 2nd quarter. Guggenheim Capital LLC now owns 1,003,277 shares of the investment management company’s stock worth $11,859,000 after buying an additional 80,032 shares in the last quarter. Bank of America Corp DE boosted its stake in Invesco Value Municipal Income Trust by 1.3% during the 4th quarter. Bank of America Corp DE now owns 946,914 shares of the investment management company’s stock valued at $11,410,000 after purchasing an additional 11,815 shares in the last quarter. Fiera Capital Corp boosted its stake in Invesco Value Municipal Income Trust by 17.0% during the 2nd quarter. Fiera Capital Corp now owns 738,102 shares of the investment management company’s stock valued at $8,724,000 after purchasing an additional 107,230 shares in the last quarter. Morgan Stanley boosted its stake in Invesco Value Municipal Income Trust by 51.1% during the 4th quarter. Morgan Stanley now owns 669,477 shares of the investment management company’s stock valued at $8,067,000 after purchasing an additional 226,483 shares in the last quarter. Finally, UBS Group AG boosted its stake in Invesco Value Municipal Income Trust by 8.1% during the 1st quarter. UBS Group AG now owns 378,886 shares of the investment management company’s stock valued at $5,282,000 after purchasing an additional 28,318 shares in the last quarter. 18.33% of the stock is owned by institutional investors.

Invesco Value Municipal Income Trust Stock Up 0.2 %

Shares of NYSE IIM opened at $11.84 on Tuesday. The stock has a fifty day moving average price of $11.68 and a two-hundred day moving average price of $11.25. Invesco Value Municipal Income Trust has a 1 year low of $9.94 and a 1 year high of $12.90.

Invesco Value Municipal Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.0496 per share. This is a positive change from Invesco Value Municipal Income Trust’s previous monthly dividend of $0.04. This represents a $0.60 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Thursday, February 15th.

Invesco Value Municipal Income Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco Value Municipal Income Trust (NYSE:IIM)

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