Invesco Value Municipal Income Trust (NYSE:IIM) Sees Strong Trading Volume

Shares of Invesco Value Municipal Income Trust (NYSE:IIM) saw unusually-strong trading volume on Friday . Approximately 123,766 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 117,621 shares.The stock last traded at $11.34 and had previously closed at $11.31.

Invesco Value Municipal Income Trust Price Performance

The firm’s 50 day moving average price is $11.74 and its 200-day moving average price is $11.42.

Invesco Value Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.0496 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date of this dividend is Monday, April 15th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Simon Quick Advisors LLC bought a new stake in Invesco Value Municipal Income Trust in the third quarter valued at about $172,000. Private Advisor Group LLC raised its position in shares of Invesco Value Municipal Income Trust by 1.4% in the 3rd quarter. Private Advisor Group LLC now owns 76,016 shares of the investment management company’s stock valued at $791,000 after acquiring an additional 1,047 shares during the period. Landscape Capital Management L.L.C. boosted its stake in Invesco Value Municipal Income Trust by 7.0% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 30,795 shares of the investment management company’s stock worth $320,000 after acquiring an additional 2,017 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Invesco Value Municipal Income Trust by 25.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 17,513 shares of the investment management company’s stock worth $182,000 after acquiring an additional 3,574 shares during the last quarter. Finally, UBS Group AG grew its holdings in Invesco Value Municipal Income Trust by 78.2% during the third quarter. UBS Group AG now owns 309,715 shares of the investment management company’s stock valued at $3,221,000 after purchasing an additional 135,944 shares during the period. Institutional investors and hedge funds own 20.73% of the company’s stock.

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.