Elequin Capital LP Purchases New Shares in Invesco Value Municipal Income Trust (NYSE:IIM)

Elequin Capital LP acquired a new stake in Invesco Value Municipal Income Trust (NYSE:IIM) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,471 shares of the investment management company’s stock, valued at approximately $101,000.

Several other hedge funds have also recently modified their holdings of IIM. Van ECK Associates Corp grew its position in Invesco Value Municipal Income Trust by 28.3% during the fourth quarter. Van ECK Associates Corp now owns 351,719 shares of the investment management company’s stock valued at $4,182,000 after buying an additional 77,513 shares during the period. D.A. Davidson & CO. grew its position in shares of Invesco Value Municipal Income Trust by 13.9% during the 4th quarter. D.A. Davidson & CO. now owns 12,258 shares of the investment management company’s stock valued at $146,000 after acquiring an additional 1,500 shares during the period. Allworth Financial LP grew its position in shares of Invesco Value Municipal Income Trust by 310.0% during the 4th quarter. Allworth Financial LP now owns 2,255 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 1,705 shares during the period. Cetera Investment Advisers increased its stake in shares of Invesco Value Municipal Income Trust by 2.4% during the 4th quarter. Cetera Investment Advisers now owns 148,748 shares of the investment management company’s stock worth $1,769,000 after purchasing an additional 3,527 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Invesco Value Municipal Income Trust by 29.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,855 shares of the investment management company’s stock worth $105,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Price Performance

Shares of IIM opened at $11.79 on Wednesday. Invesco Value Municipal Income Trust has a fifty-two week low of $10.96 and a fifty-two week high of $13.10. The business has a 50-day moving average of $11.81 and a 200 day moving average of $12.08.

Invesco Value Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a $0.0771 dividend. This represents a $0.93 annualized dividend and a dividend yield of 7.85%. The ex-dividend date is Friday, May 16th.

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.