Invvlu Mu Incm (IIM) to Issue Monthly Dividend of $0.08 on July 31st

Invvlu Mu Incm (NYSE:IIM) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, July 14th will be paid a dividend of 0.0771 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Tuesday, July 14th.

Invvlu Mu Incm Stock Performance

Invvlu Mu Incm stock opened at $12.90 on Friday. The business has a 50 day simple moving average of $12.38 and a 200 day simple moving average of $12.45. Invvlu Mu Incm has a one year low of $11.20 and a one year high of $13.17.

Institutional Investors Weigh In On Invvlu Mu Incm

A number of hedge funds have recently made changes to their positions in IIM. Wagner Wealth Management LLC grew its stake in Invvlu Mu Incm by 79.5% during the fourth quarter. Wagner Wealth Management LLC now owns 233,176 shares of the investment management company’s stock worth $2,873,000 after buying an additional 103,238 shares during the last quarter. &PARTNERS bought a new position in shares of Invvlu Mu Incm in the fourth quarter valued at approximately $534,000. Goldman Sachs Group Inc. grew its position in Invvlu Mu Incm by 4.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 24,713 shares of the investment management company’s stock worth $304,000 after acquiring an additional 1,100 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in Invvlu Mu Incm by 264.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 24,324 shares of the investment management company’s stock worth $300,000 after acquiring an additional 17,642 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Invvlu Mu Incm during the 2nd quarter valued at $270,000. Institutional investors and hedge funds own 20.73% of the company’s stock.

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.