Invvlu Mu Incm (NYSE:IIM) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Invvlu Mu Incm (NYSE:IIM) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.20 and traded as high as $12.44. Invvlu Mu Incm shares last traded at $12.41, with a volume of 132,770 shares trading hands.

Invvlu Mu Incm Stock Performance

The stock’s fifty day simple moving average is $12.38 and its 200-day simple moving average is $12.20.

Invvlu Mu Incm Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 15th were issued a dividend of $0.0771 per share. The ex-dividend date was Thursday, January 15th. This represents a c) annualized dividend and a yield of 7.5%.

Hedge Funds Weigh In On Invvlu Mu Incm

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Davis Investment Partners LLC grew its holdings 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 valued at $528,000 after acquiring an additional 802 shares in the last quarter. Fortitude Advisory Group L.L.C. boosted its position in 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 worth $334,000 after purchasing an additional 2,144 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in Invvlu Mu Incm by 16.2% in 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. Curio Wealth LLC increased its position in shares of Invvlu Mu Incm by 115,000.0% during the 2nd 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. Finally, Uniting Wealth Partners LLC increased its position in shares of 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 last quarter. 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. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.