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

Invvlu Mu Incm (NYSE:IIM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.43 and traded as high as $12.56. Invvlu Mu Incm shares last traded at $12.5550, with a volume of 117,738 shares.

Invvlu Mu Incm Price Performance

The business’s 50-day simple moving average is $12.24 and its two-hundred day simple moving average is $12.43.

Invvlu Mu Incm Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0771 dividend. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On Invvlu Mu Incm

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in Invvlu Mu Incm by 4.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 24,713 shares of the investment management company’s stock valued at $304,000 after buying an additional 1,100 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Invvlu Mu Incm by 0.8% during the 4th quarter. Cetera Investment Advisers now owns 157,366 shares of the investment management company’s stock valued at $1,939,000 after buying an additional 1,211 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Invvlu Mu Incm by 11.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 17,906 shares of the investment management company’s stock valued at $221,000 after buying an additional 1,769 shares during the last quarter. Hollencrest Capital Management boosted its stake in shares of Invvlu Mu Incm by 12.5% during the 1st quarter. Hollencrest Capital Management now owns 18,180 shares of the investment management company’s stock valued at $221,000 after buying an additional 2,013 shares during the last quarter. Finally, Uniting Wealth Partners LLC boosted its stake 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 buying an additional 2,333 shares during the last quarter. 20.73% of the stock is owned by hedge funds and other institutional investors.

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.