Invvlu Mu Incm (NYSE:IIM) Announces Monthly Dividend of $0.08

Invvlu Mu Incm (NYSE:IIM) announced a monthly dividend on Friday, May 1st. Shareholders of record on Thursday, May 14th will be paid a dividend of 0.0771 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Thursday, May 14th.

Invvlu Mu Incm Trading Down 0.6%

Shares of IIM stock opened at $12.17 on Tuesday. Invvlu Mu Incm has a fifty-two week low of $11.20 and a fifty-two week high of $13.17. The stock has a 50 day moving average price of $12.44 and a two-hundred day moving average price of $12.47.

Institutional Trading of Invvlu Mu Incm

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hollencrest Capital Management lifted its position in Invvlu Mu Incm by 12.5% in the first quarter. Hollencrest Capital Management now owns 18,180 shares of the investment management company’s stock valued at $221,000 after purchasing an additional 2,013 shares during the last quarter. Retirement Planning Group LLC bought a new stake in Invvlu Mu Incm in the first quarter valued at approximately $554,000. Kestra Advisory Services LLC lifted its position in Invvlu Mu Incm by 223.1% in the first quarter. Kestra Advisory Services LLC now owns 21,553 shares of the investment management company’s stock valued at $262,000 after purchasing an additional 14,882 shares during the last quarter. Wagner Wealth Management LLC lifted its position in Invvlu Mu Incm by 9.8% in the first quarter. Wagner Wealth Management LLC now owns 256,097 shares of the investment management company’s stock valued at $3,114,000 after purchasing an additional 22,921 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Invvlu Mu Incm in the fourth quarter valued at approximately $169,000. Institutional investors own 20.73% of the company’s stock.

About Invvlu Mu Incm

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.