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

Rivernorth Capital Management LLC cut its position in Invesco Value Municipal Income Trust (NYSE:IIM) by 29.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 754,035 shares of the investment management company’s stock after selling 307,684 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Invesco Value Municipal Income Trust were worth $9,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC grew 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 worth $26,000 after purchasing an additional 1,400 shares in the last quarter. Signaturefd LLC grew its stake in Invesco Value Municipal Income Trust by 1,156.7% during the 3rd quarter. Signaturefd LLC now owns 2,526 shares of the investment management company’s stock worth $33,000 after purchasing an additional 2,325 shares in the last quarter. TIAA Trust National Association acquired a new position in Invesco Value Municipal Income Trust during the 2nd quarter worth $152,000. Wedbush Securities Inc. grew its stake in 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 worth $164,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Catalina Capital Group LLC acquired a new position in Invesco Value Municipal Income Trust during the 2nd quarter worth $265,000. 20.73% of the stock is owned by institutional investors and hedge funds.

Invesco Value Municipal Income Trust Price Performance

IIM opened at $12.63 on Thursday. Invesco Value Municipal Income Trust has a 12 month low of $11.28 and a 12 month high of $13.10. The business has a fifty day moving average price of $12.55 and a 200 day moving average price of $12.47.

Invesco Value Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.0771 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.93 annualized dividend and a yield of 7.33%.

About Invesco Value Municipal Income Trust

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.