Invvlu Mu Incm (NYSE:IIM) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Invvlu Mu Incm (NYSE:IIM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.17 and traded as high as $12.29. Invvlu Mu Incm shares last traded at $12.1970, with a volume of 195,206 shares changing hands.

Invvlu Mu Incm Stock Performance

The firm has a 50-day simple moving average of $12.40 and a 200 day simple moving average of $12.17.

Invvlu Mu Incm Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a $0.0771 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a yield of 7.6%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Invvlu Mu Incm by 13.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 827,675 shares of the investment management company’s stock valued at $10,387,000 after buying an additional 98,759 shares during the last quarter. Van ECK Associates Corp raised its stake in Invvlu Mu Incm by 2.4% during the 3rd quarter. Van ECK Associates Corp now owns 235,910 shares of the investment management company’s stock valued at $2,961,000 after acquiring an additional 5,459 shares during the last quarter. Raymond James Financial Inc. lifted its position in Invvlu Mu Incm by 8.9% during the 3rd quarter. Raymond James Financial Inc. now owns 213,987 shares of the investment management company’s stock worth $2,686,000 after acquiring an additional 17,439 shares during the period. Cetera Investment Advisers grew its stake in shares of Invvlu Mu Incm by 8.3% in the 2nd quarter. Cetera Investment Advisers now owns 158,360 shares of the investment management company’s stock valued at $1,843,000 after purchasing an additional 12,147 shares during the last quarter. Finally, Gridiron Partners LLC increased its holdings in shares of Invvlu Mu Incm by 424.2% in the third 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. 20.73% of the stock is currently 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.