Invesco Value Municipal Income Trust (NYSE:IIM) Stake Decreased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lessened its holdings in shares of Invesco Value Municipal Income Trust (NYSE:IIM) by 0.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,104,947 shares of the investment management company’s stock after selling 2,235 shares during the quarter. Invesco Value Municipal Income Trust accounts for 0.7% of Hennion & Walsh Asset Management Inc.’s investment portfolio, making the stock its 21st biggest position. Hennion & Walsh Asset Management Inc.’s holdings in Invesco Value Municipal Income Trust were worth $14,232,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Signaturefd LLC raised its holdings in Invesco Value Municipal Income Trust by 1,156.7% during the third quarter. Signaturefd LLC now owns 2,526 shares of the investment management company’s stock worth $33,000 after purchasing an additional 2,325 shares in the last quarter. TIAA Trust National Association bought a new stake in Invesco Value Municipal Income Trust during the second quarter worth approximately $152,000. Wedbush Securities Inc. raised its holdings in Invesco Value Municipal Income Trust by 17.7% during the second 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 in the last quarter. Catalina Capital Group LLC bought a new stake in Invesco Value Municipal Income Trust during the second quarter worth approximately $265,000. Finally, Cetera Advisors LLC bought a new stake in Invesco Value Municipal Income Trust during the first quarter worth approximately $267,000. Institutional investors own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Stock Down 0.6 %

NYSE IIM opened at $12.53 on Thursday. Invesco Value Municipal Income Trust has a 1 year low of $9.94 and a 1 year high of $13.10. The business’s fifty day moving average is $12.77 and its two-hundred day moving average is $12.29.

Invesco Value Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be given a dividend of $0.0771 per share. This represents a $0.93 annualized dividend and a yield of 7.38%. The ex-dividend date is Wednesday, October 16th.

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.