Wagner Wealth Management LLC Acquires 103,238 Shares of Invvlu Mu Incm $IIM

Wagner Wealth Management LLC lifted its holdings in Invvlu Mu Incm (NYSE:IIM) by 79.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 233,176 shares of the investment management company’s stock after acquiring an additional 103,238 shares during the quarter. Invvlu Mu Incm accounts for about 0.6% of Wagner Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Wagner Wealth Management LLC’s holdings in Invvlu Mu Incm were worth $2,873,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Davis Investment Partners LLC increased its position in Invvlu Mu Incm by 2.0% during the 3rd quarter. Davis Investment Partners LLC now owns 41,436 shares of the investment management company’s stock valued at $528,000 after purchasing an additional 802 shares during the period. Fortitude Advisory Group L.L.C. increased its position in 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 valued at $334,000 after purchasing an additional 2,144 shares during the period. Cornerstone Wealth Management LLC increased its position in Invvlu Mu Incm by 16.2% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 16,137 shares of the investment management company’s stock valued at $203,000 after purchasing an additional 2,244 shares during the period. Uniting Wealth Partners LLC increased its position in Invvlu Mu Incm by 20.5% during the 3rd quarter. Uniting Wealth Partners LLC now owns 13,686 shares of the investment management company’s stock valued at $172,000 after purchasing an additional 2,333 shares during the period. Finally, D.A. Davidson & CO. increased its position in Invvlu Mu Incm by 4.3% during the 4th quarter. D.A. Davidson & CO. now owns 72,538 shares of the investment management company’s stock valued at $894,000 after purchasing an additional 3,000 shares during the period. 20.73% of the stock is currently owned by institutional investors.

Invvlu Mu Incm Price Performance

Shares of Invvlu Mu Incm stock opened at $12.03 on Thursday. The company’s fifty day simple moving average is $12.53 and its two-hundred day simple moving average is $12.49. Invvlu Mu Incm has a 12-month low of $11.20 and a 12-month high of $13.17.

Invvlu Mu Incm Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 14th will be given a $0.0771 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Invvlu Mu Incm 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.