Invesco Value Municipal Income Trust (NYSE:IIM) Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management reduced its stake in Invesco Value Municipal Income Trust (NYSE:IIM) by 16.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,839 shares of the investment management company’s stock after selling 3,041 shares during the quarter. Hollencrest Capital Management’s holdings in Invesco Value Municipal Income Trust were worth $188,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IIM. Raymond James Financial Inc. acquired a new position in Invesco Value Municipal Income Trust in the fourth quarter valued at approximately $2,310,000. Robinson Capital Management LLC raised its holdings in shares of Invesco Value Municipal Income Trust by 19.4% during the fourth quarter. Robinson Capital Management LLC now owns 642,440 shares of the investment management company’s stock valued at $7,639,000 after buying an additional 104,296 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of 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 last quarter. Whipplewood Advisors LLC bought a new stake in shares of Invesco Value Municipal Income Trust during the fourth quarter valued at approximately $899,000. Finally, Stifel Financial Corp raised its holdings in shares of Invesco Value Municipal Income Trust by 43.2% during the third quarter. Stifel Financial Corp now owns 70,539 shares of the investment management company’s stock valued at $909,000 after buying an additional 21,271 shares during the last quarter. 20.73% of the stock is currently owned by institutional investors and hedge funds.

Invesco Value Municipal Income Trust Stock Down 0.4 %

IIM opened at $12.24 on Thursday. The business’s 50 day moving average is $12.17 and its 200-day moving average is $12.41. Invesco Value Municipal Income Trust has a twelve month low of $11.28 and a twelve month high of $13.10.

Invesco Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.0771 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.56%.

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.