Invvlu Mu Incm (NYSE:IIM) Sets New 12-Month High – Here’s What Happened

Invvlu Mu Incm (NYSE:IIM)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $12.93 and last traded at $12.90, with a volume of 67838 shares. The stock had previously closed at $12.83.

Invvlu Mu Incm Trading Up 0.1%

The company has a fifty day simple moving average of $12.46 and a 200-day simple moving average of $12.37.

Invvlu Mu Incm Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be paid a dividend of $0.0771 per share. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

Institutional Investors Weigh In On Invvlu Mu Incm

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IIM. Davis Investment Partners LLC boosted its position in shares of 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 purchasing an additional 802 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of 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 valued at $304,000 after buying an additional 1,100 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Invvlu Mu Incm by 0.8% in the 4th quarter. Cetera Investment Advisers now owns 157,366 shares of the investment management company’s stock worth $1,939,000 after buying an additional 1,211 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of Invvlu Mu Incm by 11.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 17,906 shares of the investment management company’s stock valued at $221,000 after acquiring an additional 1,769 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. lifted its position in shares of Invvlu Mu Incm by 8.8% in the third quarter. Fortitude Advisory Group L.L.C. now owns 26,600 shares of the investment management company’s stock valued at $334,000 after acquiring an additional 2,144 shares in the last quarter. Institutional investors 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.