Wedbush Securities Inc. Raises Stock Position in Invesco Value Municipal Income Trust (NYSE:IIM)

Wedbush Securities Inc. boosted its holdings in Invesco Value Municipal Income Trust (NYSE:IIM) by 17.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,279 shares of the investment management company’s stock after buying an additional 2,000 shares during the period. Wedbush Securities Inc.’s holdings in Invesco Value Municipal Income Trust were worth $164,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. CoreFirst Bank & Trust purchased a new stake in Invesco Value Municipal Income Trust in the 4th quarter worth $77,000. TIAA Trust National Association purchased a new stake in Invesco Value Municipal Income Trust in the 2nd quarter worth $152,000. Catalina Capital Group LLC purchased a new stake in Invesco Value Municipal Income Trust in the 2nd quarter worth $265,000. Cetera Advisors LLC purchased a new stake in Invesco Value Municipal Income Trust in the 1st quarter worth $267,000. Finally, Gridiron Partners LLC purchased a new stake in Invesco Value Municipal Income Trust in the 4th quarter worth $337,000. Hedge funds and other institutional investors own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Stock Performance

Shares of IIM stock opened at $12.99 on Monday. Invesco Value Municipal Income Trust has a 52-week low of $9.94 and a 52-week high of $13.10. The stock has a fifty day simple moving average of $12.63 and a two-hundred day simple moving average of $12.11.

Invesco Value Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be issued a $0.0771 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.93 annualized dividend and a dividend yield of 7.12%.

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.