Kennedy Investment Group Sells 17,432 Shares of Invesco Value Municipal Income Trust (NYSE:IIM)

Kennedy Investment Group lessened its stake in Invesco Value Municipal Income Trust (NYSE:IIM) by 9.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 167,737 shares of the investment management company’s stock after selling 17,432 shares during the quarter. Invesco Value Municipal Income Trust comprises about 0.9% of Kennedy Investment Group’s investment portfolio, making the stock its 26th largest holding. Kennedy Investment Group’s holdings in Invesco Value Municipal Income Trust were worth $1,994,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IIM. Wagner Wealth Management LLC grew its stake in Invesco Value Municipal Income Trust by 27.2% in the third quarter. Wagner Wealth Management LLC now owns 48,662 shares of the investment management company’s stock valued at $627,000 after acquiring an additional 10,397 shares during the period. Signaturefd LLC raised its stake in Invesco Value Municipal Income Trust by 1,156.7% in the third quarter. Signaturefd LLC now owns 2,526 shares of the investment management company’s stock valued at $33,000 after buying an additional 2,325 shares during the period. Wealth Quarterback LLC raised its stake in Invesco Value Municipal Income Trust by 1.7% in the third quarter. Wealth Quarterback LLC now owns 54,030 shares of the investment management company’s stock valued at $696,000 after buying an additional 894 shares during the period. Larson Financial Group LLC increased its stake in shares of Invesco Value Municipal Income Trust by 233.3% during the third quarter. Larson Financial Group LLC now owns 2,000 shares of the investment management company’s stock worth $26,000 after purchasing an additional 1,400 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Invesco Value Municipal Income Trust by 1.6% during the third quarter. Rockefeller Capital Management L.P. now owns 132,159 shares of the investment management company’s stock worth $1,702,000 after purchasing an additional 2,120 shares during the period. Institutional investors own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Stock Performance

Invesco Value Municipal Income Trust stock opened at $11.96 on Wednesday. The stock’s fifty day moving average price is $12.14 and its two-hundred day moving average price is $12.46. Invesco Value Municipal Income Trust has a one year low of $11.28 and a one year high of $13.10.

Invesco Value Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date of this dividend is Friday, January 17th.

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.