First Enhanced Equity Income Fund (FFA) vs Invesco Value Municipal Income (IIM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Invesco Value Municipal Income is the larger company by market cap ($500.7 million vs $447.9 million), about 1.1 times the size. On valuation, First Enhanced Equity Income Fund trades at a lower trailing P/E (4.7x vs 27.3x for Invesco Value Municipal Income). Invesco Value Municipal Income offers the higher dividend yield (8.70% vs 6.92%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | FFA | IIM |
|---|---|---|
| Share price | $22.41 | $10.63 |
| Market cap | $447.93M | $500.69M |
| 1-day change | +0.72% | -2.03% |
| YTD return | — | -13.72% |
| 1-year return | — | -15.10% |
| 5-year return | — | -33.85% |
| P/E ratio (TTM) | 4.71 | 27.26 |
| EPS (TTM) | $4.76 | $0.39 |
| Dividend yield | 6.92% | 8.70% |
| Annual dividend | $1.55 | $0.925 |
| 52-week high | $23.82 | $13.17 |
| 52-week low | $19.50 | $10.27 |
| Distance from 52-week high | -5.92% | -19.29% |
| Analyst consensus | — | none |
| Average volume | 25.73K | 144.21K |
| Shares outstanding | 19.99M | 47.10M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Invesco Value Municipal Income trades at a higher earnings multiple (27.3x vs 4.7x trailing P/E).
- Invesco Value Municipal Income offers a meaningfully higher dividend yield (8.70% vs 6.92%).
About First Enhanced Equity Income Fund
FFA stock →First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P.
Financial Services · Asset Management
About Invesco Value Municipal Income
IIM stock →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.
Financial Services · Asset Management
FFA vs IIM FAQ
Which is bigger, First Enhanced Equity Income Fund or Invesco Value Municipal Income?
Invesco Value Municipal Income (IIM) is larger, with a market capitalization of $500.69M compared with $447.93M for First Enhanced Equity Income Fund (FFA).
Which has the lower P/E ratio, FFA or IIM?
FFA has the lower trailing P/E at 4.7, versus 27.3 for IIM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, First Enhanced Equity Income Fund or Invesco Value Municipal Income?
Invesco Value Municipal Income has the higher yield at 8.70%, compared with 6.92% for First Enhanced Equity Income Fund.
Are First Enhanced Equity Income Fund and Invesco Value Municipal Income in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.