191,454 Shares in Invvlu Mu Incm $IIM Acquired by Livelsberger Financial Advisory

Livelsberger Financial Advisory bought a new stake in Invvlu Mu Incm (NYSE:IIM) in the third quarter, HoldingsChannel.com reports. The fund bought 191,454 shares of the investment management company’s stock, valued at approximately $2,003,000. Invvlu Mu Incm accounts for approximately 10.8% of Livelsberger Financial Advisory’s investment portfolio, making the stock its biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Allworth Financial LP bought a new stake in Invvlu Mu Incm in the second quarter worth $34,000. Susquehanna International Group LLP purchased a new stake in Invvlu Mu Incm during the second quarter valued at $146,000. Maridea Wealth Management LLC bought a new position in Invvlu Mu Incm during the second quarter valued at $155,000. Quantinno Capital Management LP bought a new position in Invvlu Mu Incm during the first quarter valued at $150,000. Finally, Beacon Pointe Advisors LLC bought a new position in Invvlu Mu Incm during the second quarter valued at $161,000. 20.73% of the stock is owned by hedge funds and other institutional investors.

Invvlu Mu Incm Price Performance

Shares of NYSE:IIM opened at $11.36 on Friday. Invvlu Mu Incm has a 52 week low of $10.27 and a 52 week high of $13.17. The firm has a fifty day simple moving average of $11.57 and a two-hundred day simple moving average of $12.28.

Invvlu Mu Incm Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.0771 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.93 annualized dividend and a dividend yield of 8.1%. This is a positive change from Invvlu Mu Incm’s previous monthly dividend of $0.0771.

About Invvlu Mu Incm

Invesco Value Municipal Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol IIM. The fund seeks to provide current income that is exempt from federal income tax by investing primarily in a diversified portfolio of municipal securities.

The trust may invest in bonds and other debt obligations issued by states, municipalities, and related public entities in the United States. Its portfolio can include securities financing public infrastructure and essential services, such as transportation, utilities, education, health care, and housing.