Invvlu Mu Incm (NYSE:IIM) Reaches New 1-Year High After Dividend Announcement

Invvlu Mu Incm (NYSE:IIM) shares reached a new 52-week high on Monday after the company announced a dividend. The stock traded as high as $12.77 and last traded at $12.58, with a volume of 24283 shares trading hands. The stock had previously closed at $12.57.

The newly announced dividend which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be issued a $0.0771 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Invvlu Mu Incm Price Performance

The business’s fifty day simple moving average is $12.39 and its two-hundred day simple moving average is $11.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC purchased a new stake in shares of Invvlu Mu Incm during the first quarter worth about $150,000. Wealth Quarterback LLC increased its stake in shares of Invvlu Mu Incm by 1.6% during the first quarter. Wealth Quarterback LLC now owns 55,168 shares of the investment management company’s stock worth $660,000 after purchasing an additional 847 shares in the last quarter. LPL Financial LLC grew its stake in Invvlu Mu Incm by 7.2% during the 1st quarter. LPL Financial LLC now owns 265,089 shares of the investment management company’s stock valued at $3,173,000 after acquiring an additional 17,786 shares in the last quarter. Virtu Financial LLC grew its stake in Invvlu Mu Incm by 20.5% during the 1st quarter. Virtu Financial LLC now owns 19,654 shares of the investment management company’s stock valued at $235,000 after acquiring an additional 3,346 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Invvlu Mu Incm during the 1st quarter valued at about $230,000. Hedge funds and other 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.