Wells Fargo & Company MN raised its holdings in Invesco Value Municipal Income Trust (NYSE:IIM) by 27.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,151,047 shares of the investment management company’s stock after purchasing an additional 250,338 shares during the period. Wells Fargo & Company MN owned about 2.45% of Invesco Value Municipal Income Trust worth $15,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Laurion Capital Management LP acquired a new stake in shares of Invesco Value Municipal Income Trust in the second quarter worth approximately $7,224,000. Fiera Capital Corp boosted its stake in shares of Invesco Value Municipal Income Trust by 51.4% in the second quarter. Fiera Capital Corp now owns 319,497 shares of the investment management company’s stock worth $4,514,000 after acquiring an additional 108,478 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Invesco Value Municipal Income Trust in the second quarter worth approximately $955,000. 6 Meridian acquired a new stake in shares of Invesco Value Municipal Income Trust in the second quarter worth approximately $883,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Invesco Value Municipal Income Trust in the second quarter worth approximately $194,000. 15.79% of the stock is currently owned by institutional investors.

Shares of NYSE:IIM opened at $13.55 on Thursday. Invesco Value Municipal Income Trust has a 1 year low of $13.09 and a 1 year high of $14.98.

The company also recently declared a monthly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a $0.0594 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Thursday, December 13th.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.watchlistnews.com/invesco-value-municipal-income-trust-iim-shares-bought-by-wells-fargo-company-mn/2664236.html.

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.

Further Reading: Stock Symbols and CUSIP Explained

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

Receive News & Ratings for Invesco Value Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Value Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.