IIM - Shares of Invesco Value Municipal Income Trust (IIM) Rise Above Previous 52-Week High
Invesco Value Municipal Income Trust (NYSE:IIM) traded today at a new 52-week high of $16.93. This new high was reached on approximately average trading volume as 118,000 shares traded hands, while the average 30-day volume is approximately 111,000 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.
Invesco Value Municipal Income Trust has overhead space with shares priced $16.88, or 0.1% below the average consensus analyst price target of $16.88.
In the past 52 weeks, shares of Invesco Value Municipal Income Trust have traded between a low of $14.53 and a high of $16.93 and is now at $16.88, which is 16% above that low price.
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