Integrated Wealth Concepts LLC Trims Stock Position in Invesco Value Municipal Income Trust (NYSE:IIM)

Integrated Wealth Concepts LLC cut its holdings in shares of Invesco Value Municipal Income Trust (NYSE:IIM) by 9.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,200 shares of the investment management company’s stock after selling 1,500 shares during the period. Integrated Wealth Concepts LLC’s holdings in Invesco Value Municipal Income Trust were worth $196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of Invesco Value Municipal Income Trust by 1,156.7% in the 3rd quarter. Signaturefd LLC now owns 2,526 shares of the investment management company’s stock valued at $33,000 after buying an additional 2,325 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in Invesco Value Municipal Income Trust by 18.2% in the second 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 acquiring an additional 170,116 shares during the period. Rothschild Investment LLC purchased a new stake in Invesco Value Municipal Income Trust in the 2nd quarter worth approximately $814,000. Wealthspire Advisors LLC purchased a new stake in Invesco Value Municipal Income Trust in the 2nd quarter worth approximately $1,180,000. Finally, Catalina Capital Group LLC acquired a new stake in shares of Invesco Value Municipal Income Trust during the 2nd quarter worth approximately $265,000. 20.73% of the stock is owned by hedge funds and other institutional investors.

Invesco Value Municipal Income Trust Trading Down 0.7 %

IIM opened at $12.39 on Friday. The firm has a fifty day moving average price of $12.50 and a 200 day moving average price of $12.50. Invesco Value Municipal Income Trust has a 1 year low of $11.28 and a 1 year high of $13.10.

Invesco Value Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.0771 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.47%.

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.