Advisors Asset Management Inc. Decreases Position in Invvlu Mu Incm $IIM

Advisors Asset Management Inc. decreased its position in Invvlu Mu Incm (NYSE:IIM) by 29.6% during the 3rd quarter, Holdings Channel reports. The firm owned 190,547 shares of the investment management company’s stock after selling 80,175 shares during the quarter. Advisors Asset Management Inc.’s holdings in Invvlu Mu Incm were worth $2,391,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. boosted its position in shares of Invvlu Mu Incm by 577.9% in the 3rd quarter. D.A. Davidson & CO. now owns 69,538 shares of the investment management company’s stock worth $873,000 after buying an additional 59,280 shares in the last quarter. Cetera Investment Advisers increased its holdings in Invvlu Mu Incm by 8.3% during the 2nd quarter. Cetera Investment Advisers now owns 158,360 shares of the investment management company’s stock valued at $1,843,000 after acquiring an additional 12,147 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Invvlu Mu Incm by 13.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 827,675 shares of the investment management company’s stock worth $10,387,000 after acquiring an additional 98,759 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of Invvlu Mu Incm by 35.5% in the second quarter. Concurrent Investment Advisors LLC now owns 16,945 shares of the investment management company’s stock valued at $197,000 after purchasing an additional 4,437 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its holdings in shares of Invvlu Mu Incm by 33,000.4% in the second quarter. Whipplewood Advisors LLC now owns 76,462 shares of the investment management company’s stock valued at $890,000 after purchasing an additional 76,231 shares in the last quarter. Hedge funds and other institutional investors own 20.73% of the company’s stock.

Invvlu Mu Incm Price Performance

Shares of IIM opened at $12.82 on Monday. The firm has a 50 day simple moving average of $12.40 and a 200-day simple moving average of $12.30. Invvlu Mu Incm has a 1-year low of $10.96 and a 1-year high of $12.88.

Invvlu Mu Incm Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.0771 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 7.2%.

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.