Invvlu Mu Incm (NYSE:IIM) Shares Cross Above 200-Day Moving Average – Here’s Why

Invvlu Mu Incm (NYSE:IIM)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.08 and traded as high as $12.52. Invvlu Mu Incm shares last traded at $12.4950, with a volume of 269,737 shares trading hands.

Invvlu Mu Incm Stock Up 2.7%

The firm’s 50 day moving average is $12.45 and its 200 day moving average is $12.08.

Invvlu Mu Incm Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.0771 dividend. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Tuesday, December 16th.

Hedge Funds Weigh In On Invvlu Mu Incm

Hedge funds and other institutional investors have recently modified their holdings of the company. Gridiron Partners LLC increased its holdings in Invvlu Mu Incm by 424.2% during the 3rd quarter. Gridiron Partners LLC now owns 150,650 shares of the investment management company’s stock valued at $1,891,000 after purchasing an additional 121,909 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Invvlu Mu Incm by 13.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 827,675 shares of the investment management company’s stock worth $10,387,000 after buying an additional 98,759 shares during the last quarter. Whipplewood Advisors LLC grew its position in shares of Invvlu Mu Incm by 33,000.4% in the 2nd quarter. Whipplewood Advisors LLC now owns 76,462 shares of the investment management company’s stock worth $890,000 after buying an additional 76,231 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Invvlu Mu Incm by 577.9% during the third quarter. D.A. Davidson & CO. now owns 69,538 shares of the investment management company’s stock valued at $873,000 after buying an additional 59,280 shares during the period. Finally, Wagner Wealth Management LLC raised its holdings in shares of Invvlu Mu Incm by 82.0% during the third quarter. Wagner Wealth Management LLC now owns 129,938 shares of the investment management company’s stock valued at $1,631,000 after acquiring an additional 58,561 shares in the last quarter. 20.73% of the stock is 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.