Beacon Pointe Advisors LLC Has $232,000 Position in Invesco Value Municipal Income Trust (NYSE:IIM)

Beacon Pointe Advisors LLC lessened its stake in Invesco Value Municipal Income Trust (NYSE:IIM) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,794 shares of the investment management company’s stock after selling 3,893 shares during the period. Beacon Pointe Advisors LLC’s holdings in Invesco Value Municipal Income Trust were worth $232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IIM. S.A. Mason LLC bought a new position in Invesco Value Municipal Income Trust during the 4th quarter worth approximately $46,000. AdvisorNet Financial Inc lifted its stake in shares of Invesco Value Municipal Income Trust by 46.4% in the 4th quarter. AdvisorNet Financial Inc now owns 7,365 shares of the investment management company’s stock valued at $86,000 after purchasing an additional 2,335 shares during the period. Ackerman Capital Advisors LLC bought a new stake in shares of Invesco Value Municipal Income Trust during the 4th quarter valued at about $124,000. Clough Capital Partners L P acquired a new stake in Invesco Value Municipal Income Trust during the third quarter worth approximately $175,000. Finally, Janney Montgomery Scott LLC increased its holdings in Invesco Value Municipal Income Trust by 25.6% in the third quarter. Janney Montgomery Scott LLC now owns 17,513 shares of the investment management company’s stock worth $182,000 after purchasing an additional 3,574 shares in the last quarter. Institutional investors and hedge funds own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Price Performance

Shares of IIM opened at $12.03 on Friday. Invesco Value Municipal Income Trust has a 52-week low of $9.94 and a 52-week high of $12.10. The business’s 50 day moving average price is $11.64 and its two-hundred day moving average price is $11.63.

Invesco Value Municipal Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be given a dividend of $0.0771 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date is Tuesday, June 18th. This is an increase from Invesco Value Municipal Income Trust’s previous monthly dividend of $0.05.

Invesco Value Municipal Income Trust 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.