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

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stifel Financial Corp raised its stake in Invesco Value Municipal Income Trust by 43.2% in 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 increased its position in 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 worth $33,000 after buying an additional 2,325 shares during the period. Rockefeller Capital Management L.P. increased its position in Invesco Value Municipal Income Trust by 1.6% during 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 acquiring an additional 2,120 shares during the period. Wealth Quarterback LLC raised its stake in Invesco Value Municipal Income Trust by 1.7% in the 3rd quarter. Wealth Quarterback LLC now owns 54,030 shares of the investment management company’s stock worth $696,000 after purchasing an additional 894 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Invesco Value Municipal Income Trust by 233.3% in the 3rd quarter. Larson Financial Group LLC now owns 2,000 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 1,400 shares during the period. 20.73% of the stock is owned by institutional investors.

Invesco Value Municipal Income Trust Stock Performance

Shares of NYSE:IIM opened at $12.38 on Thursday. Invesco Value Municipal Income Trust has a 12-month low of $11.28 and a 12-month high of $13.10. The company’s 50 day moving average price is $12.06 and its two-hundred day moving average price is $12.44.

Invesco Value Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a $0.0771 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.93 annualized dividend and a dividend 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.