Westchester Capital Management LLC Sells 25,000 Shares of Invesco Value Municipal Income Trust (NYSE:IIM)

Westchester Capital Management LLC lowered its position in Invesco Value Municipal Income Trust (NYSE:IIM) by 29.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,966 shares of the investment management company’s stock after selling 25,000 shares during the quarter. Westchester Capital Management LLC’s holdings in Invesco Value Municipal Income Trust were worth $772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Invesco Value Municipal Income Trust by 18.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,107,182 shares of the investment management company’s stock worth $13,663,000 after acquiring an additional 170,116 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Invesco Value Municipal Income Trust by 1,206.4% in the 1st quarter. Cetera Investment Advisers now owns 164,342 shares of the investment management company’s stock worth $1,972,000 after buying an additional 151,762 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Invesco Value Municipal Income Trust by 32.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 136,028 shares of the investment management company’s stock valued at $1,679,000 after purchasing an additional 32,958 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Invesco Value Municipal Income Trust by 1.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 132,159 shares of the investment management company’s stock valued at $1,702,000 after purchasing an additional 2,120 shares during the period. Finally, NINE MASTS CAPITAL Ltd grew its stake in Invesco Value Municipal Income Trust by 43.1% in the second quarter. NINE MASTS CAPITAL Ltd now owns 105,345 shares of the investment management company’s stock worth $1,300,000 after purchasing an additional 31,715 shares during the period. 20.73% of the stock is currently owned by institutional investors.

Invesco Value Municipal Income Trust Trading Up 0.8 %

IIM opened at $12.68 on Friday. Invesco Value Municipal Income Trust has a 12-month low of $11.26 and a 12-month high of $13.10. The stock has a fifty day simple moving average of $12.56 and a two-hundred day simple moving average of $12.44.

Invesco Value Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.0771 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.93 annualized dividend and a dividend yield of 7.30%.

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.