Invesco Value Municipal Income Trust (NYSE:IIM) Sees Strong Trading Volume

Invesco Value Municipal Income Trust (NYSE:IIM) shares saw unusually-strong trading volume on Friday . Approximately 123,766 shares were traded 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 Trading Up 0.2 %

The business has a 50-day moving average price of $11.74 and a 200-day moving average price of $11.42.

Invesco Value Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.0496 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.60 annualized dividend and a yield of 5.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Investment Advisors LLC lifted its position in shares of Invesco Value Municipal Income Trust by 2.0% in the 4th quarter. Capital Investment Advisors LLC now owns 79,018 shares of the investment management company’s stock valued at $927,000 after acquiring an additional 1,520 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Invesco Value Municipal Income Trust by 46.4% in the fourth quarter. AdvisorNet Financial Inc now owns 7,365 shares of the investment management company’s stock valued at $86,000 after purchasing an additional 2,335 shares in the last quarter. UBS Group AG boosted its position in shares of Invesco Value Municipal Income Trust by 78.2% in the third quarter. UBS Group AG now owns 309,715 shares of the investment management company’s stock worth $3,221,000 after buying an additional 135,944 shares during the period. Tyche Wealth Partners LLC purchased a new position in shares of Invesco Value Municipal Income Trust during the fourth quarter valued at $473,000. Finally, Clough Capital Partners L P acquired a new position in Invesco Value Municipal Income Trust during the third quarter valued at $175,000. 20.73% of the stock is currently owned by institutional investors and hedge funds.

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.