Shares of Invesco Value Municipal Income Trust (NYSE:IIM) are moving above the 200-day moving average of $12.16

Shares of Invesco Value Municipal Income Trust (NYSE:IIM – Get Free Report ) broke above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.16 and traded as high as $12.88. Shares of Invesco Value Municipal Income Trust last traded at $12.84, with a volume of 135,849 shares traded.

Invesco Value Municipal Income Trust Trading Up 0.2%

The company’s fifty day moving average price is $12.69 and its 200 day moving average price is $12.16.

Invesco Value Municipal Income Trust announces dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be paid a $0.0771 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a dividend of $0.93 on an annualized basis and a yield of 7.21%.

Institutional inputs and outputs

A number of hedge funds have recently added to or reduced their stakes in IIM. UBS Group AG raised its stake in Invesco Value Municipal Income Trust by 74.4% in the fourth quarter. UBS Group AG now owns 540,264 shares of the investment management company’s stock valued at $6,337,000 after acquiring an additional 230,549 shares during the last quarter. Weiss Asset Management LP bought a new position in Invesco Value Municipal Income Trust in the fourth quarter valued at approximately $348,000. Gridiron Partners LLC bought a new position in Invesco Value Municipal Income Trust in the fourth quarter valued at about $337,000. Wealth Quarterback LLC raised its stake in shares of Invesco Value Municipal Income Trust by 5.3% during the fourth quarter. Wealth Quarterback LLC now owns 52,480 shares of the investment management company’s stock worth $616,000 after purchasing an additional 2,661 shares during the last quarter. Finally, Leo Wealth LLC bought a new stake in shares of Invesco Value Municipal Income Trust during the fourth quarter valued at $1,507,000. 20.73% of shares are held by institutional investors.

About Invesco Value Municipal Income Trust

(Get a free report)

Invesco Value Municipal Income Trust is a closed-end 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 Invests in fixed income markets in the United States.

Further reading

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