Invvlu Mu Incm (NYSE:IIM) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Invvlu Mu Incm (NYSE:IIM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.45 and traded as high as $12.87. Invvlu Mu Incm shares last traded at $12.86, with a volume of 80,093 shares traded.

Invvlu Mu Incm Stock Up 1.0%

The stock has a 50 day moving average of $12.36 and a 200 day moving average of $12.45.

Invvlu Mu Incm Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.0771 dividend. The ex-dividend date was Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.2%.

Institutional Investors Weigh In On Invvlu Mu Incm

Institutional investors and hedge funds have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC acquired a new position in Invvlu Mu Incm in the fourth quarter worth $41,000. Aventura Private Wealth LLC bought a new stake in Invvlu Mu Incm during the fourth quarter valued at $43,000. XTX Topco Ltd acquired a new stake in shares of Invvlu Mu Incm during the second quarter worth $134,000. Legacy Advisors LLC acquired a new stake in shares of Invvlu Mu Incm during the fourth quarter worth $149,000. Finally, Quantinno Capital Management LP bought a new position in shares of Invvlu Mu Incm in the 1st quarter worth about $150,000. 20.73% of the stock is owned by institutional investors and hedge funds.

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.