Nomura Holdings Inc. Raises Stock Position in Invesco Value Municipal Income Trust (NYSE:IIM)

Nomura Holdings Inc. raised its stake in Invesco Value Municipal Income Trust (NYSE:IIM) by 114.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,270 shares of the investment management company’s stock after buying an additional 12,433 shares during the period. Nomura Holdings Inc.’s holdings in Invesco Value Municipal Income Trust were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC increased its holdings in Invesco Value Municipal Income Trust by 4.8% in the fourth quarter. Nuveen Asset Management LLC now owns 44,081 shares of the investment management company’s stock valued at $524,000 after buying an additional 2,000 shares in the last quarter. Cetera Investment Advisers increased its holdings in Invesco Value Municipal Income Trust by 2.4% in the fourth quarter. Cetera Investment Advisers now owns 148,748 shares of the investment management company’s stock valued at $1,769,000 after buying an additional 3,527 shares in the last quarter. Baird Financial Group Inc. purchased a new position in Invesco Value Municipal Income Trust in the fourth quarter valued at about $133,000. Bank of America Corp DE increased its holdings in Invesco Value Municipal Income Trust by 5.5% in the fourth quarter. Bank of America Corp DE now owns 1,673,318 shares of the investment management company’s stock valued at $19,896,000 after buying an additional 87,776 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Invesco Value Municipal Income Trust by 70.1% in the fourth quarter. Ameriprise Financial Inc. now owns 50,253 shares of the investment management company’s stock valued at $586,000 after buying an additional 20,714 shares in the last quarter. 20.73% of the stock is owned by hedge funds and other institutional investors.

Invesco Value Municipal Income Trust Stock Down 0.3%

Shares of Invesco Value Municipal Income Trust stock opened at $11.62 on Friday. Invesco Value Municipal Income Trust has a 12-month low of $10.96 and a 12-month high of $13.10. The company has a 50-day moving average of $11.79 and a two-hundred day moving average of $12.08.

Invesco Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a $0.0771 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.93 annualized dividend and a dividend yield of 7.96%.

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.