Invvlu Mu Incm (NYSE:IIM) Hits New 12-Month High – Time to Buy?

Shares of Invvlu Mu Incm (NYSE:IIM) hit a new 52-week high on Thursday . The stock traded as high as $12.77 and last traded at $12.78, with a volume of 53131 shares traded. The stock had previously closed at $12.71.

Invvlu Mu Incm Stock Performance

The firm has a 50 day moving average price of $12.40 and a 200 day moving average price of $12.28.

Invvlu Mu Incm Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be issued a $0.0771 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 7.2%.

Hedge Funds Weigh In On Invvlu Mu Incm

A number of hedge funds and other institutional investors have recently modified their holdings of IIM. Davis Investment Partners LLC raised its stake in Invvlu Mu Incm by 2.0% in the third quarter. Davis Investment Partners LLC now owns 41,436 shares of the investment management company’s stock worth $528,000 after buying an additional 802 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Invvlu Mu Incm by 4.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 24,713 shares of the investment management company’s stock valued at $304,000 after acquiring an additional 1,100 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of Invvlu Mu Incm by 11.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 17,906 shares of the investment management company’s stock worth $221,000 after acquiring an additional 1,769 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its stake in shares of Invvlu Mu Incm by 8.8% during the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 26,600 shares of the investment management company’s stock worth $334,000 after purchasing an additional 2,144 shares during the last quarter. Finally, Curio Wealth LLC grew its stake in Invvlu Mu Incm by 115,000.0% in the second quarter. Curio Wealth LLC now owns 2,302 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 2,300 shares during the last quarter. 20.73% of the stock is currently owned by institutional investors.

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.