Van ECK Associates Corp Has $4.18 Million Stake in Invesco Value Municipal Income Trust (NYSE:IIM)

Van ECK Associates Corp lifted its position in shares of Invesco Value Municipal Income Trust (NYSE:IIM) by 28.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 351,719 shares of the investment management company’s stock after purchasing an additional 77,513 shares during the period. Van ECK Associates Corp’s holdings in Invesco Value Municipal Income Trust were worth $4,182,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Stifel Financial Corp grew its position in shares of Invesco Value Municipal Income Trust by 43.2% during 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 during the period. Signaturefd LLC boosted its position in shares of Invesco Value Municipal Income Trust by 1,156.7% during the 3rd quarter. Signaturefd LLC now owns 2,526 shares of the investment management company’s stock valued at $33,000 after acquiring an additional 2,325 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Invesco Value Municipal Income Trust by 1.6% in the third quarter. Rockefeller Capital Management L.P. now owns 132,159 shares of the investment management company’s stock worth $1,702,000 after purchasing an additional 2,120 shares during the last quarter. Wealth Quarterback LLC lifted its position in Invesco Value Municipal Income Trust by 1.7% during the third quarter. Wealth Quarterback LLC now owns 54,030 shares of the investment management company’s stock valued at $696,000 after purchasing an additional 894 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in Invesco Value Municipal Income Trust by 233.3% in the third quarter. Larson Financial Group LLC now owns 2,000 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Price Performance

Shares of NYSE IIM opened at $12.38 on Thursday. Invesco Value Municipal Income Trust has a 1-year low of $11.28 and a 1-year high of $13.10. The stock’s 50-day moving average is $12.06 and its 200 day moving average is $12.44.

Invesco Value Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a $0.0771 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.93 annualized dividend and a yield of 7.47%.

Invesco Value Municipal Income Trust 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.