Beacon Capital Management Lowers stake in Invesco Value Municipal Income Trust (IIM)

Invesco Value Municipal Income Trust (IIM) : Beacon Capital Management reduced its stake in Invesco Value Municipal Income Trust by 29.4% during the most recent quarter end. The investment management company now holds a total of 23,925 shares of Invesco Value Municipal Income Trust which is valued at $411,032 after selling 9,965 shares in Invesco Value Municipal Income Trust , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Invesco Value Municipal Income Trust makes up approximately 0.03% of Beacon Capital Management’s portfolio.

Invesco Value Municipal Income Trust opened for trading at $17.16 and hit $17.18 on the upside on Friday, eventually ending the session at $17.18, with a gain of 0.17% or 0.03 points. The heightened volatility saw the trading volume jump to 49,028 shares. Company has a market cap of $434 M.

Other Hedge Funds, Including , Sigma Planning Corp boosted its stake in IIM in the latest quarter, The investment management firm added 762 additional shares and now holds a total of 22,335 shares of Invesco Value Municipal Income Trust which is valued at $383,715. Invesco Value Municipal Income Trust makes up approx 0.05% of Sigma Planning Corp’s portfolio.Prospera Financial Services Inc boosted its stake in IIM in the latest quarter, The investment management firm added 17,300 additional shares and now holds a total of 51,400 shares of Invesco Value Municipal Income Trust which is valued at $884,080. Invesco Value Municipal Income Trust makes up approx 0.20% of Prospera Financial Services Inc’s portfolio.

Invesco Value Municipal Income Trust is a diversified closed-end management investment trust. The Trust’s investment objective is to provide current income which is exempt from federal income tax. The Trust seeks to achieve its investment objective by investing in municipal securities such as municipal bonds municipal notes municipal commercial paper and lease obligations that are rated investment-grade at the time of investment. The Trust may also invest up to 20% of its net assets in municipal securities rated below investment grade or that are unrated. The Trust may invest in securities that are subject to interest rate risk. Invesco Advisers Inc. is the investment adviser of the Trust.

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