Wells Fargo & Company MN Sells 28,879 Shares of Invesco Value Municipal Income Trust (NYSE:IIM)

Wells Fargo & Company MN reduced its holdings in shares of Invesco Value Municipal Income Trust (NYSE:IIM) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 292,060 shares of the investment management company’s stock after selling 28,879 shares during the quarter. Wells Fargo & Company MN owned 0.62% of Invesco Value Municipal Income Trust worth $4,445,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Western Wealth Management LLC bought a new stake in shares of Invesco Value Municipal Income Trust during the 2nd quarter worth $2,569,000. Commonwealth Equity Services LLC lifted its position in shares of Invesco Value Municipal Income Trust by 18.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 54,861 shares of the investment management company’s stock worth $834,000 after buying an additional 8,625 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Invesco Value Municipal Income Trust by 8.2% during the 2nd quarter. Advisor Group Inc. now owns 23,883 shares of the investment management company’s stock worth $364,000 after buying an additional 1,800 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Invesco Value Municipal Income Trust by 10.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 117,325 shares of the investment management company’s stock worth $1,692,000 after buying an additional 10,655 shares during the last quarter. Finally, Creative Planning lifted its position in shares of Invesco Value Municipal Income Trust by 11.3% during the 2nd quarter. Creative Planning now owns 34,593 shares of the investment management company’s stock worth $527,000 after buying an additional 3,503 shares during the last quarter. Institutional investors and hedge funds own 8.52% of the company’s stock.

In other news, Portfolio Manager Jack Connelly bought 11,230 shares of the stock in a transaction on Wednesday, September 4th. The stock was acquired at an average price of $15.66 per share, with a total value of $175,861.80. 6.05% of the stock is owned by corporate insiders.

IIM traded up $0.04 on Thursday, reaching $15.14. The stock had a trading volume of 1,200 shares, compared to its average volume of 111,711. Invesco Value Municipal Income Trust has a fifty-two week low of $13.09 and a fifty-two week high of $15.70. The firm has a 50-day moving average of $15.45 and a 200-day moving average of $14.95.

The company also recently announced a — dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th will be issued a $0.0588 dividend. The ex-dividend date is Tuesday, September 17th. This represents a yield of 4.5%.

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.

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Institutional Ownership by Quarter for Invesco Value Municipal Income Trust (NYSE:IIM)

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