Harbour Investments Inc. Takes Position in Invesco Value Municipal Income Trust (NYSE:IIM)

Harbour Investments Inc. acquired a new stake in shares of Invesco Value Municipal Income Trust (NYSE:IIM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,051 shares of the investment management company’s stock, valued at approximately $48,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in Invesco Value Municipal Income Trust in the fourth quarter valued at about $2,310,000. Robinson Capital Management LLC boosted its holdings in shares of Invesco Value Municipal Income Trust by 19.4% in the 4th quarter. Robinson Capital Management LLC now owns 642,440 shares of the investment management company’s stock valued at $7,639,000 after buying an additional 104,296 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Invesco Value Municipal Income Trust by 28.3% in the 4th quarter. Van ECK Associates Corp now owns 351,719 shares of the investment management company’s stock worth $4,182,000 after buying an additional 77,513 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Invesco Value Municipal Income Trust during the 4th quarter worth approximately $899,000. Finally, Stifel Financial Corp lifted its position in Invesco Value Municipal Income Trust by 43.2% during the third quarter. Stifel Financial Corp now owns 70,539 shares of the investment management company’s stock valued at $909,000 after acquiring an additional 21,271 shares during the last quarter. 20.73% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Value Municipal Income Trust Stock Up 0.5 %

Shares of IIM stock opened at $12.12 on Tuesday. Invesco Value Municipal Income Trust has a 12-month low of $11.28 and a 12-month high of $13.10. The business’s fifty day simple moving average is $12.19 and its 200-day simple moving average is $12.36.

Invesco Value Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 7.64%. The ex-dividend date is Monday, March 17th.

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.