Westchester Capital Management LLC Reduces Stock Position in Invesco Value Municipal Income Trust (NYSE:IIM)

Westchester Capital Management LLC trimmed its stake in shares of Invesco Value Municipal Income Trust (NYSE:IIM) by 29.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,966 shares of the investment management company’s stock after selling 25,000 shares during the period. Westchester Capital Management LLC’s holdings in Invesco Value Municipal Income Trust were worth $772,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its position in Invesco Value Municipal Income Trust by 18.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,107,182 shares of the investment management company’s stock worth $13,663,000 after purchasing an additional 170,116 shares during the period. Cetera Investment Advisers increased its position in Invesco Value Municipal Income Trust by 1,206.4% during the first quarter. Cetera Investment Advisers now owns 164,342 shares of the investment management company’s stock valued at $1,972,000 after acquiring an additional 151,762 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Invesco Value Municipal Income Trust by 32.0% in the second quarter. Commonwealth Equity Services LLC now owns 136,028 shares of the investment management company’s stock valued at $1,679,000 after acquiring an additional 32,958 shares during the period. Rockefeller Capital Management L.P. boosted its position in 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. Finally, NINE MASTS CAPITAL Ltd grew its stake in shares of Invesco Value Municipal Income Trust by 43.1% during the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 105,345 shares of the investment management company’s stock valued at $1,300,000 after purchasing an additional 31,715 shares during the period. Institutional investors own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Trading Up 0.8 %

IIM opened at $12.68 on Friday. Invesco Value Municipal Income Trust has a 1-year low of $11.26 and a 1-year high of $13.10. The firm’s 50 day simple moving average is $12.56 and its two-hundred day simple moving average is $12.44.

Invesco Value Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.0771 per share. The ex-dividend date was Friday, November 15th. This represents a $0.93 annualized dividend and a yield of 7.30%.

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.