Invvlu Mu Incm (NYSE:IIM) Stock Crosses Above 200-Day Moving Average – What’s Next?

Invvlu Mu Incm (NYSE:IIM)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.17 and traded as high as $12.29. Invvlu Mu Incm shares last traded at $12.1970, with a volume of 195,206 shares trading hands.

Invvlu Mu Incm Trading Down 0.4%

The stock has a fifty day simple moving average of $12.40 and a 200-day simple moving average of $12.17.

Invvlu Mu Incm Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a $0.0771 dividend. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Thursday, January 15th.

Institutional Trading of Invvlu Mu Incm

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IIM. Curio Wealth LLC boosted its holdings in shares of Invvlu Mu Incm by 115,000.0% in the 2nd quarter. Curio Wealth LLC now owns 2,302 shares of the investment management company’s stock valued at $27,000 after buying an additional 2,300 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in Invvlu Mu Incm in the fourth quarter valued at $43,000. Hilltop National Bank acquired a new position in Invvlu Mu Incm in the second quarter valued at $49,000. Atlantic Union Bankshares Corp purchased a new position in shares of Invvlu Mu Incm during the second quarter worth about $50,000. Finally, Smartleaf Asset Management LLC acquired a new stake in shares of Invvlu Mu Incm during the third quarter worth about $54,000. Institutional investors and hedge funds own 20.73% of the company’s stock.

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.