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

Hennion & Walsh Asset Management Inc. cut its holdings in shares of Invesco Value Municipal Income Trust (NYSE:IIM) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,104,947 shares of the investment management company’s stock after selling 2,235 shares during the period. Invesco Value Municipal Income Trust comprises about 0.7% of Hennion & Walsh Asset Management Inc.’s investment portfolio, making the stock its 21st biggest holding. 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.

Other large investors also recently modified their holdings of the company. Signaturefd LLC grew its stake in shares of 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 valued at $33,000 after acquiring an additional 2,325 shares in the last quarter. TIAA Trust National Association acquired a new position in Invesco Value Municipal Income Trust in the second quarter worth about $152,000. Wedbush Securities Inc. grew its stake in Invesco Value Municipal Income Trust by 17.7% in 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 acquired a new position in Invesco Value Municipal Income Trust in the second quarter worth about $265,000. Finally, Cetera Advisors LLC acquired a new position in Invesco Value Municipal Income Trust in the first quarter worth about $267,000. 20.73% of the stock is currently owned by institutional investors and hedge funds.

Invesco Value Municipal Income Trust Trading Down 0.6 %

NYSE:IIM opened at $12.53 on Thursday. Invesco Value Municipal Income Trust has a one year low of $9.94 and a one year high of $13.10. The stock has a 50-day simple moving average of $12.77 and a 200 day simple moving average of $12.29.

Invesco Value Municipal Income Trust Dividend Announcement

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

Invesco Value Municipal Income Trust Company 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.