Invvlu Mu Incm (NYSE:IIM) Hits New 1-Year High – What’s Next?

Invvlu Mu Incm (NYSE:IIM) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $12.93 and last traded at $12.90, with a volume of 67838 shares trading hands. The stock had previously closed at $12.83.

Invvlu Mu Incm Price Performance

The business has a 50 day moving average price of $12.43 and a two-hundred day moving average price of $12.35.

Invvlu Mu Incm Dividend Announcement

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

Hedge Funds Weigh In On Invvlu Mu Incm

Several large investors have recently modified their holdings of the business. Davis Investment Partners LLC lifted its stake in Invvlu Mu Incm by 2.0% in the third quarter. Davis Investment Partners LLC now owns 41,436 shares of the investment management company’s stock worth $528,000 after acquiring an additional 802 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Invvlu Mu Incm by 4.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 24,713 shares of the investment management company’s stock worth $304,000 after acquiring an additional 1,100 shares in the last quarter. Cetera Investment Advisers grew its stake in Invvlu Mu Incm by 0.8% in the 4th quarter. Cetera Investment Advisers now owns 157,366 shares of the investment management company’s stock valued at $1,939,000 after acquiring an additional 1,211 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Invvlu Mu Incm by 11.0% during the fourth 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 period. Finally, Fortitude Advisory Group L.L.C. grew its holdings in Invvlu Mu Incm by 8.8% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 26,600 shares of the investment management company’s stock valued at $334,000 after buying an additional 2,144 shares during the period. Institutional investors and hedge funds own 20.73% of the company’s stock.

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.