Invesco Value Municipal Income Trust (IIM) Holdings Trimmed by Sandy Spring Bank

Sandy Spring Bank trimmed its holdings in Invesco Value Municipal Income Trust (NYSE:IIM) by 21.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 7,350 shares of the investment management company’s stock after selling 2,000 shares during the quarter. Sandy Spring Bank’s holdings in Invesco Value Municipal Income Trust were worth $106,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of IIM. Sit Investment Associates Inc. bought a new stake in Invesco Value Municipal Income Trust during the fourth quarter valued at about $2,007,000. 6 Meridian acquired a new stake in Invesco Value Municipal Income Trust in the fourth quarter worth about $560,000. CWM LLC boosted its holdings in Invesco Value Municipal Income Trust by 1,021.4% in the fourth quarter. CWM LLC now owns 4,710 shares of the investment management company’s stock worth $64,000 after acquiring an additional 4,290 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in Invesco Value Municipal Income Trust by 76.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,084 shares of the investment management company’s stock worth $28,000 after acquiring an additional 900 shares in the last quarter. Finally, Ledyard National Bank acquired a new stake in Invesco Value Municipal Income Trust in the fourth quarter worth about $27,000. Institutional investors and hedge funds own 13.12% of the company’s stock.

Shares of NYSE IIM opened at $14.75 on Thursday. Invesco Value Municipal Income Trust has a fifty-two week low of $13.09 and a fifty-two week high of $14.80.

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a $0.0588 dividend. This represents a $0.71 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Tuesday, May 14th.

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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.

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Institutional Ownership by Quarter for Invesco Value Municipal Income Trust (NYSE:IIM)

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