Invvlu Mu Incm (NYSE:IIM) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Invvlu Mu Incm (NYSE:IIM) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.20 and traded as high as $12.44. Invvlu Mu Incm shares last traded at $12.41, with a volume of 132,770 shares.

Invvlu Mu Incm Stock Performance

The stock’s 50-day simple moving average is $12.38 and its 200 day simple moving average is $12.20.

Invvlu Mu Incm Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were issued a $0.0771 dividend. The ex-dividend date was Thursday, January 15th. This represents a c) annualized dividend and a yield of 7.5%.

Hedge Funds Weigh In On Invvlu Mu Incm

A number of large investors have recently modified their holdings of IIM. Goldman Sachs Group Inc. grew its holdings in Invvlu Mu Incm by 246.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 81,747 shares of the investment management company’s stock valued at $979,000 after purchasing an additional 58,134 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of Invvlu Mu Incm in the second quarter worth $49,000. River Street Advisors LLC acquired a new position in Invvlu Mu Incm during the second quarter worth $146,000. Concurrent Investment Advisors LLC increased its position in Invvlu Mu Incm by 35.5% in the second quarter. Concurrent Investment Advisors LLC now owns 16,945 shares of the investment management company’s stock worth $197,000 after purchasing an additional 4,437 shares during the period. Finally, Curio Wealth LLC increased its stake in shares of Invvlu Mu Incm by 115,000.0% in the 2nd quarter. Curio Wealth LLC now owns 2,302 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 2,300 shares during the last quarter. 20.73% of the stock is currently owned by hedge funds and other institutional investors.

Invvlu Mu Incm Company Profile

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 It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.