Hennion & Walsh Asset Management Inc. Has $13.66 Million Stake in Invesco Value Municipal Income Trust (NYSE:IIM)

Hennion & Walsh Asset Management Inc. increased its stake in Invesco Value Municipal Income Trust (NYSE:IIM) by 18.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,107,182 shares of the investment management company’s stock after purchasing an additional 170,116 shares during the period. Invesco Value Municipal Income Trust accounts for 0.7% of Hennion & Walsh Asset Management Inc.’s portfolio, making the stock its 23rd largest holding. Hennion & Walsh Asset Management Inc.’s holdings in Invesco Value Municipal Income Trust were worth $13,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. CoreFirst Bank & Trust bought a new position in Invesco Value Municipal Income Trust in the 4th quarter worth approximately $77,000. Fortitude Advisory Group L.L.C. raised its position in Invesco Value Municipal Income Trust by 9.3% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 22,402 shares of the investment management company’s stock worth $263,000 after purchasing an additional 1,904 shares during the last quarter. Cetera Advisors LLC bought a new position in Invesco Value Municipal Income Trust in the 1st quarter worth approximately $267,000. Gridiron Partners LLC bought a new position in Invesco Value Municipal Income Trust in the 4th quarter worth approximately $337,000. Finally, Weiss Asset Management LP bought a new position in Invesco Value Municipal Income Trust in the 4th quarter worth approximately $348,000. Institutional investors own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Price Performance

IIM stock remained flat at $12.67 during trading on Monday. 56,925 shares of the company traded hands, compared to its average volume of 125,708. The company has a 50 day simple moving average of $12.39 and a 200-day simple moving average of $11.97. Invesco Value Municipal Income Trust has a 1 year low of $9.94 and a 1 year high of $12.80.

Invesco Value Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.0771 per share. This represents a $0.93 annualized dividend and a dividend yield of 7.30%. The ex-dividend date is Friday, August 16th.

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.