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

Invvlu Mu Incm (NYSE:IIM)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.27 and traded as high as $12.64. Invvlu Mu Incm shares last traded at $12.62, with a volume of 144,021 shares trading hands.

Invvlu Mu Incm Trading Up 0.7%

The company has a 50 day simple moving average of $12.38 and a 200 day simple moving average of $12.27.

Invvlu Mu Incm Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a $0.0771 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 7.3%.

Institutional Investors Weigh In On Invvlu Mu Incm

A number of large investors have recently modified their holdings of IIM. Curio Wealth LLC raised its position in shares of Invvlu Mu Incm by 115,000.0% in the second quarter. Curio Wealth LLC now owns 2,302 shares of the investment management company’s stock valued at $27,000 after buying an additional 2,300 shares during the last quarter. Aventura Private Wealth LLC purchased a new stake in Invvlu Mu Incm during the 4th quarter valued at about $43,000. Atlantic Union Bankshares Corp purchased a new stake in Invvlu Mu Incm during the 2nd quarter valued at about $50,000. Smartleaf Asset Management LLC acquired a new stake in Invvlu Mu Incm in the 3rd quarter valued at about $54,000. Finally, Allworth Financial LP lifted its stake in Invvlu Mu Incm by 132.6% in the 2nd quarter. Allworth Financial LP now owns 5,323 shares of the investment management company’s stock worth $62,000 after purchasing an additional 3,035 shares in the last quarter. Hedge funds and other 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.