D.A. Davidson & CO. Trims Stock Position in Invvlu Mu Incm (NYSE:IIM)

D.A. Davidson & CO. lessened its position in shares of Invvlu Mu Incm (NYSE:IIM) by 16.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,258 shares of the investment management company’s stock after selling 2,000 shares during the quarter. D.A. Davidson & CO.’s holdings in Invvlu Mu Incm were worth $123,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its position in Invvlu Mu Incm by 29.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,855 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 2,000 shares during the period. Raymond James Financial Inc. purchased a new stake in Invvlu Mu Incm in the fourth quarter valued at approximately $2,310,000. Rareview Capital LLC raised its position in Invvlu Mu Incm by 0.9% in the fourth quarter. Rareview Capital LLC now owns 150,852 shares of the investment management company’s stock valued at $1,943,000 after purchasing an additional 1,365 shares during the period. Corient Private Wealth LLC raised its position in Invvlu Mu Incm by 8.7% in the fourth quarter. Corient Private Wealth LLC now owns 12,450 shares of the investment management company’s stock valued at $148,000 after purchasing an additional 1,000 shares during the period. Finally, Harbour Investments Inc. purchased a new stake in Invvlu Mu Incm in the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 20.73% of the company’s stock.

Invvlu Mu Incm Price Performance

Shares of NYSE IIM opened at $11.59 on Friday. Invvlu Mu Incm has a 52-week low of $10.96 and a 52-week high of $13.10. The business’s 50 day moving average is $11.71 and its two-hundred day moving average is $11.90.

Invvlu Mu Incm Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be given a dividend of $0.0771 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date of this dividend is Wednesday, July 16th.

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.