IIM - Invesco Value Municipal Income Trust Looks to Continue to Trade Above its Annual-High Share Price Today
Invesco Value Municipal Income Trust (NYSE:IIM) traded today at a new 52-week high of $16.29. This new high was reached on below average trading volume as 51,000 shares traded hands, while the average 30-day volume is approximately 109,000 shares.
Invesco Value Municipal Income Trust is a diversified, closed-end management investment company. Its investment objective is to provide common shareholders with current income which is exempt from federal income tax. It seeks to achieve the investment objective by investing primarily in municipal securities. The municipal securities include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.
Based on a current price of $16.28, Invesco Value Municipal Income Trust is currently 0.4% above its average consensus analyst price target of $16.21.
Over the past year, Invesco Value Municipal Income Trust has traded in a range of $14.27 to $16.29 and is now at $16.28, 14% above that low.
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