Invesco Value Municipal Income Trust (NYSE:IIM) Sees Large Volume Increase

Invesco Value Municipal Income Trust (NYSE:IIM) saw an uptick in trading volume on Friday . 123,766 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 117,621 shares.The stock last traded at $11.34 and had previously closed at $11.31.

Invesco Value Municipal Income Trust Price Performance

The business’s fifty day moving average is $11.72 and its two-hundred day moving average is $11.43.

Invesco Value Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.0496 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend is Monday, April 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. boosted its stake in Invesco Value Municipal Income Trust by 21.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 937,066 shares of the investment management company’s stock worth $11,245,000 after buying an additional 162,883 shares during the period. Livelsberger Financial Advisory purchased a new position in Invesco Value Municipal Income Trust during the fourth quarter worth $2,129,000. CoreFirst Bank & Trust purchased a new position in Invesco Value Municipal Income Trust during the fourth quarter worth $77,000. Leo Wealth LLC purchased a new position in Invesco Value Municipal Income Trust during the fourth quarter worth $1,507,000. Finally, Wealth Quarterback LLC boosted its stake in Invesco Value Municipal Income Trust by 5.3% during the fourth quarter. Wealth Quarterback LLC now owns 52,480 shares of the investment management company’s stock worth $616,000 after buying an additional 2,661 shares during the period. 20.73% of the stock is owned by hedge funds and other institutional investors.

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.