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

Kennedy Investment Group trimmed its position in Invesco Value Municipal Income Trust (NYSE:IIM) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 approximately 0.9% of Kennedy Investment Group’s portfolio, making the stock its 26th largest holding. Kennedy Investment Group’s holdings in Invesco Value Municipal Income Trust were worth $1,994,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealth Quarterback LLC boosted its stake in Invesco Value Municipal Income Trust by 1.7% during the 3rd quarter. Wealth Quarterback LLC now owns 54,030 shares of the investment management company’s stock valued at $696,000 after purchasing an additional 894 shares during the last quarter. Larson Financial Group LLC boosted its stake in Invesco Value Municipal Income Trust by 233.3% during the 3rd quarter. Larson Financial Group LLC now owns 2,000 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 1,400 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in Invesco Value Municipal Income Trust by 1.6% during 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 last quarter. Signaturefd LLC boosted its stake in shares of Invesco Value Municipal Income Trust by 1,156.7% in the 3rd quarter. Signaturefd LLC now owns 2,526 shares of the investment management company’s stock worth $33,000 after buying an additional 2,325 shares during the last quarter. Finally, Avior Wealth Management LLC purchased a new position in shares of Invesco Value Municipal Income Trust in the 4th quarter worth approximately $54,000. 20.73% of the stock is owned by institutional investors.

Invesco Value Municipal Income Trust Stock Performance

Shares of NYSE IIM opened at $11.96 on Wednesday. Invesco Value Municipal Income Trust has a twelve month low of $11.28 and a twelve month high of $13.10. The stock’s 50 day moving average price is $12.14 and its 200-day moving average price is $12.46.

Invesco Value Municipal Income Trust Dividend Announcement

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 dividend of $0.0771 per share. The ex-dividend date is Friday, January 17th. This represents a $0.93 dividend on an annualized basis and a yield of 7.74%.

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.