Cetera Investment Advisers Lowers Holdings in Invesco Value Municipal Income Trust (NYSE:IIM)

Cetera Investment Advisers lowered its position in Invesco Value Municipal Income Trust (NYSE:IIM) by 25.1% in the second quarter, HoldingsChannel reports. The fund owned 123,093 shares of the investment management company’s stock after selling 41,249 shares during the quarter. Cetera Investment Advisers’ holdings in Invesco Value Municipal Income Trust were worth $1,519,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. TIAA Trust National Association acquired a new position in shares of Invesco Value Municipal Income Trust during the 2nd quarter worth about $152,000. Wedbush Securities Inc. raised its position in shares of 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 purchasing 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. Cetera Advisors LLC purchased a new stake in Invesco Value Municipal Income Trust during the 1st quarter valued at about $267,000. Finally, Quarry LP grew its stake in Invesco Value Municipal Income Trust by 160.1% during the 2nd quarter. Quarry LP now owns 43,700 shares of the investment management company’s stock valued at $539,000 after acquiring an additional 26,900 shares in the last quarter. Institutional investors and hedge funds own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Stock Up 0.2 %

Shares of NYSE IIM opened at $12.68 on Wednesday. Invesco Value Municipal Income Trust has a 12-month low of $9.94 and a 12-month high of $13.10. The company has a 50-day moving average of $12.78 and a 200 day moving average of $12.25.

Invesco Value Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be paid a dividend of $0.0771 per share. The ex-dividend date is Wednesday, October 16th. This represents a $0.93 annualized dividend and a yield of 7.30%.

Invesco Value Municipal Income Trust Company 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.