PNC Financial Services Group Inc. Cuts Holdings in Invesco Value Municipal Income Trust (NYSE:IIM)

PNC Financial Services Group Inc. lessened its holdings in Invesco Value Municipal Income Trust (NYSE:IIM) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,715 shares of the investment management company’s stock after […]

PNC Financial Services Group Inc. lessened its holdings in Invesco Value Municipal Income Trust (NYSE:IIM) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,715 shares of the investment management company’s stock after selling 8,500 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco Value Municipal Income Trust were worth $1,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Karpus Management Inc. purchased a new position in Invesco Value Municipal Income Trust during the 1st quarter valued at about $33,296,000. Robinson Capital Management LLC lifted its stake in Invesco Value Municipal Income Trust by 394.3% in the second quarter. Robinson Capital Management LLC now owns 749,067 shares of the investment management company’s stock worth $10,824,000 after acquiring an additional 597,512 shares during the last quarter. RiverNorth Capital Management LLC purchased a new stake in shares of Invesco Value Municipal Income Trust in the 1st quarter valued at approximately $7,922,000. Sit Investment Associates Inc. raised its holdings in shares of Invesco Value Municipal Income Trust by 136.4% in the 2nd quarter. Sit Investment Associates Inc. now owns 503,524 shares of the investment management company’s stock valued at $7,276,000 after purchasing an additional 290,517 shares in the last quarter. Finally, CNH Partners LLC purchased a new stake in shares of Invesco Value Municipal Income Trust during the 1st quarter worth $2,176,000.

NYSE:IIM opened at $14.67 on Friday. Invesco Value Municipal Income Trust has a 12 month low of $10.56 and a 12 month high of $16.01. The business’s fifty day moving average price is $15.02 and its 200 day moving average price is $14.43.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.72 annualized dividend and a dividend yield of 4.91%.

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.

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

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