D.A. Davidson & CO. Purchases 1,500 Shares of Invesco Value Municipal Income Trust (NYSE:IIM)

D.A. Davidson & CO. raised its position in Invesco Value Municipal Income Trust (NYSE:IIM) by 13.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,258 shares of the investment management company’s stock after purchasing an additional 1,500 shares during the period. D.A. Davidson & CO.’s holdings in Invesco Value Municipal Income Trust were worth $146,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp raised its position in shares of Invesco Value Municipal Income Trust by 28.3% in the fourth quarter. Van ECK Associates Corp now owns 351,719 shares of the investment management company’s stock worth $4,182,000 after buying an additional 77,513 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Invesco Value Municipal Income Trust by 1.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 132,159 shares of the investment management company’s stock worth $1,702,000 after acquiring an additional 2,120 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Invesco Value Municipal Income Trust by 43.2% in the 3rd quarter. Stifel Financial Corp now owns 70,539 shares of the investment management company’s stock valued at $909,000 after acquiring an additional 21,271 shares in the last quarter. Wealth Quarterback LLC raised its holdings in shares of Invesco Value Municipal Income Trust by 1.7% in the 3rd quarter. Wealth Quarterback LLC now owns 54,030 shares of the investment management company’s stock valued at $696,000 after acquiring an additional 894 shares in the last quarter. Finally, Catalina Capital Group LLC boosted its position in shares of Invesco Value Municipal Income Trust by 8.9% during the 4th quarter. Catalina Capital Group LLC now owns 22,641 shares of the investment management company’s stock valued at $269,000 after acquiring an additional 1,857 shares during the last quarter. 20.73% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Value Municipal Income Trust Stock Performance

IIM stock opened at $12.42 on Friday. The company’s 50 day moving average is $12.08 and its 200 day moving average is $12.43. Invesco Value Municipal Income Trust has a 1-year low of $11.28 and a 1-year high of $13.10.

Invesco Value Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.0771 per share. This represents a $0.93 annualized dividend and a dividend yield of 7.45%. The ex-dividend date is Tuesday, February 18th.

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.