Raymond James Financial Services Advisors Inc. Sells 2,363 Shares of Invesco Value Municipal Income Trust (NYSE:IIM)

Raymond James Financial Services Advisors Inc. cut its stake in Invesco Value Municipal Income Trust (NYSE:IIM) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,410 shares of the investment management company’s stock after selling 2,363 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Invesco Value Municipal Income Trust were worth $192,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IIM. AQR Arbitrage LLC grew its holdings in shares of Invesco Value Municipal Income Trust by 123.3% in the third quarter. AQR Arbitrage LLC now owns 264,419 shares of the investment management company’s stock worth $2,750,000 after purchasing an additional 146,005 shares during the last quarter. UBS Group AG grew its holdings 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 purchasing an additional 135,944 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Invesco Value Municipal Income Trust by 8.3% in the third quarter. Advisors Asset Management Inc. now owns 489,049 shares of the investment management company’s stock worth $5,086,000 after purchasing an additional 37,416 shares during the last quarter. Davis Investment Partners LLC bought a new position in shares of Invesco Value Municipal Income Trust in the fourth quarter worth about $431,000. Finally, Robinson Capital Management LLC grew its holdings in shares of Invesco Value Municipal Income Trust by 20.7% in the third quarter. Robinson Capital Management LLC now owns 146,059 shares of the investment management company’s stock worth $1,518,000 after purchasing an additional 25,000 shares during the last quarter. 20.73% of the stock is currently owned by institutional investors.

Invesco Value Municipal Income Trust Stock Performance

Shares of Invesco Value Municipal Income Trust stock opened at $11.46 on Thursday. Invesco Value Municipal Income Trust has a 1 year low of $9.94 and a 1 year high of $12.20. The firm’s 50-day moving average is $11.74 and its two-hundred day moving average is $11.42.

Invesco Value Municipal Income Trust Announces Dividend

The firm also recently announced 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. This represents a $0.60 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend is Monday, April 15th.

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.