Concurrent Investment Advisors LLC Has $197,000 Stake in Invvlu Mu Incm $IIM

Concurrent Investment Advisors LLC lifted its stake in shares of Invvlu Mu Incm (NYSE:IIM) by 35.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,945 shares of the investment management company’s stock after purchasing an additional 4,437 shares during the period. Concurrent Investment Advisors LLC’s holdings in Invvlu Mu Incm were worth $197,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IIM. Farther Finance Advisors LLC acquired a new position in shares of Invvlu Mu Incm during the first quarter worth approximately $28,000. Hilltop National Bank acquired a new position in shares of Invvlu Mu Incm during the second quarter worth approximately $49,000. River Street Advisors LLC acquired a new position in shares of Invvlu Mu Incm during the second quarter worth approximately $146,000. Oppenheimer & Co. Inc. acquired a new position in shares of Invvlu Mu Incm during the first quarter worth approximately $166,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Invvlu Mu Incm by 133.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 15,884 shares of the investment management company’s stock worth $190,000 after purchasing an additional 9,074 shares in the last quarter. 20.73% of the stock is currently owned by institutional investors and hedge funds.

Invvlu Mu Incm Trading Up 0.8%

Shares of IIM stock opened at $12.59 on Tuesday. Invvlu Mu Incm has a 1 year low of $10.96 and a 1 year high of $12.77. The firm’s 50 day moving average is $12.18 and its 200-day moving average is $11.81.

Invvlu Mu Incm Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Thursday, October 16th will be paid a dividend of $0.0771 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Thursday, October 16th.

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.