Cetera Investment Advisers Has $1.75 Million Holdings in Invvlu Mu Incm (NYSE:IIM)

Cetera Investment Advisers cut its stake in shares of Invvlu Mu Incm (NYSE:IIM) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,213 shares of the investment management company’s stock after selling 2,535 shares during the period. Cetera Investment Advisers owned approximately 0.31% of Invvlu Mu Incm worth $1,750,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IIM. Raymond James Financial Inc. acquired a new stake in shares of Invvlu Mu Incm during the fourth quarter worth $2,310,000. LPL Financial LLC lifted its holdings in Invvlu Mu Incm by 77.0% during the fourth quarter. LPL Financial LLC now owns 247,303 shares of the investment management company’s stock worth $2,940,000 after acquiring an additional 107,583 shares in the last quarter. LexAurum Advisors LLC bought a new position in Invvlu Mu Incm during the first quarter worth about $1,104,000. Bank of America Corp DE lifted its holdings in Invvlu Mu Incm by 5.5% during the fourth quarter. Bank of America Corp DE now owns 1,673,318 shares of the investment management company’s stock worth $19,896,000 after acquiring an additional 87,776 shares in the last quarter. Finally, Lido Advisors LLC bought a new position in Invvlu Mu Incm during the fourth quarter worth about $589,000. 20.73% of the stock is owned by institutional investors and hedge funds.

Invvlu Mu Incm Trading Down 0.5%

IIM stock opened at $11.50 on Friday. The business’s 50-day moving average price is $11.53 and its two-hundred day moving average price is $11.82. Invvlu Mu Incm has a 1-year low of $10.96 and a 1-year high of $13.10.

Invvlu Mu Incm Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.0771 per share. The ex-dividend date is Monday, August 18th. This represents a c) annualized dividend and a yield of 8.0%.

Invvlu Mu Incm 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.