Van ECK Associates Corp Lowers Stake in Invesco Value Municipal Income Trust (NYSE:IIM)

Van ECK Associates Corp reduced its position in Invesco Value Municipal Income Trust (NYSE:IIM) by 20.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,206 shares of the investment management company’s stock after selling 70,003 shares during the period. Van ECK Associates Corp’s holdings in Invesco Value Municipal Income Trust were worth $3,433,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. increased its position in Invesco Value Municipal Income Trust by 18.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,107,182 shares of the investment management company’s stock valued at $13,663,000 after purchasing an additional 170,116 shares during the period. Cetera Investment Advisers boosted its holdings in Invesco Value Municipal Income Trust by 1,206.4% during the first quarter. Cetera Investment Advisers now owns 164,342 shares of the investment management company’s stock worth $1,972,000 after buying an additional 151,762 shares in the last quarter. Robinson Capital Management LLC grew its position in Invesco Value Municipal Income Trust by 23.7% during the first quarter. Robinson Capital Management LLC now owns 590,665 shares of the investment management company’s stock valued at $6,739,000 after buying an additional 113,337 shares during the period. Wealthspire Advisors LLC purchased a new position in Invesco Value Municipal Income Trust in the second quarter valued at $1,180,000. Finally, Rothschild Investment LLC acquired a new position in shares of Invesco Value Municipal Income Trust in the second quarter worth about $814,000. 20.73% of the stock is owned by institutional investors.

Invesco Value Municipal Income Trust Price Performance

IIM stock opened at $12.53 on Friday. Invesco Value Municipal Income Trust has a 52-week low of $10.72 and a 52-week high of $13.10. The company’s 50-day simple moving average is $12.69 and its 200-day simple moving average is $12.36.

Invesco Value Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0771 dividend. This represents a $0.93 annualized dividend and a yield of 7.38%. The ex-dividend date of this dividend is Friday, November 15th.

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.