Hennion & Walsh Asset Management Inc. Purchases 450,450 Shares of Invvlu Mu Incm $IIM

Hennion & Walsh Asset Management Inc. lifted its position in shares of Invvlu Mu Incm (NYSE:IIM) by 63.2% during the second quarter, Holdings Channel reports. The institutional investor owned 1,162,995 shares of the investment management company’s stock after purchasing an additional 450,450 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Invvlu Mu Incm were worth $14,805,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of IIM. Garton & Associates Financial Advisors LLC purchased a new stake in Invvlu Mu Incm in the 4th quarter worth $41,000. XTX Topco Ltd bought a new stake in Invvlu Mu Incm during the second quarter valued at about $134,000. Legacy Advisors LLC purchased a new position in shares of Invvlu Mu Incm in the fourth quarter valued at about $149,000. Quantinno Capital Management LP purchased a new position in shares of Invvlu Mu Incm in the first quarter valued at about $150,000. Finally, Virtu Financial LLC bought a new position in shares of Invvlu Mu Incm in the fourth quarter worth about $169,000. Institutional investors own 20.73% of the company’s stock.

Invvlu Mu Incm Stock Up 1.4%

NYSE IIM opened at $12.72 on Friday. Invvlu Mu Incm has a twelve month low of $11.44 and a twelve month high of $13.17. The business has a 50-day moving average price of $12.65 and a 200-day moving average price of $12.51.

Invvlu Mu Incm Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.0771 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 7.3%.

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.