Wealthspire Advisors LLC Makes New $1.18 Million Investment in Invesco Value Municipal Income Trust (NYSE:IIM)

Wealthspire Advisors LLC purchased a new stake in Invesco Value Municipal Income Trust (NYSE:IIM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 95,653 shares of the investment management company’s stock, valued at approximately $1,180,000.

Other large investors have also modified their holdings of the company. CoreFirst Bank & Trust purchased a new stake in shares of Invesco Value Municipal Income Trust in the 4th quarter valued at approximately $77,000. TIAA Trust National Association purchased a new position in Invesco Value Municipal Income Trust in the second quarter valued at $152,000. Wedbush Securities Inc. lifted its holdings in Invesco Value Municipal Income Trust by 17.7% during the 2nd quarter. Wedbush Securities Inc. now owns 13,279 shares of the investment management company’s stock worth $164,000 after buying an additional 2,000 shares during the last quarter. Catalina Capital Group LLC acquired a new position in shares of Invesco Value Municipal Income Trust during the 2nd quarter worth about $265,000. Finally, Cetera Advisors LLC purchased a new position in shares of Invesco Value Municipal Income Trust in the 1st quarter valued at about $267,000. Institutional investors and hedge funds own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Stock Performance

IIM stock opened at $12.99 on Monday. The business has a 50 day moving average price of $12.63 and a 200 day moving average price of $12.11. Invesco Value Municipal Income Trust has a fifty-two week low of $9.94 and a fifty-two week high of $13.10.

Invesco Value Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.0771 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.93 annualized dividend and a dividend yield of 7.12%.

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.