Invesco Value Municipal Income Trust (IIM) : Beacon Capital Management reduced its stake in Invesco Value Municipal Income Trust by 6.06% during the most recent quarter end. The investment management company now holds a total of 22,475 shares of Invesco Value Municipal Income Trust which is valued at $400,954 after selling 1,450 shares in Invesco Value Municipal Income Trust , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.Invesco Value Municipal Income Trust makes up approximately 0.02% of Beacon Capital Management’s portfolio.
Other Hedge Funds, Including , Raymond James Trust N.a. added IIM to its portfolio by purchasing 11,084 company shares during the most recent quarter which is valued at $197,739. Invesco Value Municipal Income Trust makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.
Invesco Value Municipal Income Trust closed down -0.31 points or -1.78% at $17.12 with 3,99,203 shares getting traded on Wednesday. Post opening the session at $17.43, the shares hit an intraday low of $17.06 and an intraday high of $17.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.