Invesco Value Municipal Income Trust (NYSE:IIM – Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $11.84 and has traded as high as $12.28. Invesco Value Municipal Income Trust shares last traded at $12.23 with volume of 125,664 shares changing hands.
Price development of the Invesco Value Municipal Income Trust
The company has a 50-day moving average of $12.11 and a 200-day moving average of $11.84.
Dividend announcement for Invesco Value Municipal Income Trust
The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 16th will receive a dividend of $0.0771. This represents a dividend of $0.93 annualized and a yield of 7.57%. The ex-dividend date is Tuesday, July 16th.
Hedge funds comment on Invesco Value Municipal Income Trust
Several institutional investors have recently changed their holdings in the stock. Livelsberger Financial Advisory bought a new position in shares of Invesco Value Municipal Income Trust during the fourth quarter valued at about $2,129,000. AdvisorNet Financial Inc increased its holdings in shares of Invesco Value Municipal Income Trust by 46.4% during the fourth quarter. AdvisorNet Financial Inc now owns 7,365 shares of the investment management company’s stock worth $86,000 after buying an additional 2,335 shares in the last quarter. Fortitude Advisory Group LLC increased its holdings in shares of Invesco Value Municipal Income Trust by 9.3% during the fourth quarter. Fortitude Advisory Group LLC now owns 22,402 shares of the investment management company’s stock worth $263,000 after buying an additional 1,904 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Invesco Value Municipal Income Trust by 15.7% during the fourth quarter. Van ECK Associates Corp now owns 353,063 shares of the investment management company’s stock valued at $4,141,000 after acquiring an additional 47,938 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in Invesco Value Municipal Income Trust in the fourth quarter valued at about $77,000. 20.73% of the shares are owned by hedge funds and other institutional investors.
Invesco Value Municipal Income Trust Company Profile
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Invesco Value Municipal Income Trust is a closed-end bond fund launched by Invesco Ltd. The fund is jointly 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 United States bond markets.
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