Kennedy Investment Group Sells 22,794 Shares of Invesco Value Municipal Income Trust (NYSE:IIM)

Kennedy Investment Group reduced its stake in Invesco Value Municipal Income Trust (NYSE:IIM) by 11.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,169 shares of the investment management company’s stock after selling 22,794 shares during the period. Invesco Value Municipal Income Trust makes up about 1.1% of Kennedy Investment Group’s holdings, making the stock its 22nd largest holding. Kennedy Investment Group’s holdings in Invesco Value Municipal Income Trust were worth $2,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in IIM. Wagner Wealth Management LLC increased its holdings in Invesco Value Municipal Income Trust by 27.2% during the 3rd quarter. Wagner Wealth Management LLC now owns 48,662 shares of the investment management company’s stock worth $627,000 after acquiring an additional 10,397 shares during the period. Quarry LP boosted its stake in Invesco Value Municipal Income Trust by 160.1% during the second quarter. Quarry LP now owns 43,700 shares of the investment management company’s stock valued at $539,000 after buying an additional 26,900 shares during the period. Wealthspire Advisors LLC bought a new position in Invesco Value Municipal Income Trust in the 2nd quarter worth about $1,180,000. NINE MASTS CAPITAL Ltd raised its holdings in shares of Invesco Value Municipal Income Trust by 43.1% in the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 105,345 shares of the investment management company’s stock valued at $1,300,000 after acquiring an additional 31,715 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its position in shares of Invesco Value Municipal Income Trust by 17.7% during the 2nd quarter. Wedbush Securities Inc. now owns 13,279 shares of the investment management company’s stock valued at $164,000 after acquiring an additional 2,000 shares during the last quarter. 20.73% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Value Municipal Income Trust Stock Down 0.4 %

Shares of IIM stock traded down $0.05 during trading on Monday, hitting $12.65. The company had a trading volume of 171,501 shares, compared to its average volume of 128,177. Invesco Value Municipal Income Trust has a 52 week low of $9.94 and a 52 week high of $13.10. The stock’s 50-day moving average is $12.78 and its two-hundred day moving average is $12.27.

Invesco Value Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be given a $0.0771 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $0.93 annualized dividend and a yield of 7.31%.

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.