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

Invvlu Mu Incm (NYSE:IIM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.20 and traded as high as $12.44. Invvlu Mu Incm shares last traded at $12.41, with a volume of 132,770 shares changing hands.

Invvlu Mu Incm Price Performance

The business has a fifty day moving average of $12.38 and a 200-day moving average of $12.20.

Invvlu Mu Incm Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were paid a $0.0771 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Thursday, January 15th.

Institutional Investors Weigh In On Invvlu Mu Incm

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. lifted its position in Invvlu Mu Incm by 13.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 827,675 shares of the investment management company’s stock valued at $10,387,000 after acquiring an additional 98,759 shares in the last quarter. UBS Group AG raised its stake in shares of Invvlu Mu Incm by 0.8% in the fourth quarter. UBS Group AG now owns 588,281 shares of the investment management company’s stock worth $7,248,000 after purchasing an additional 4,652 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Invvlu Mu Incm by 2.4% in the third quarter. Van ECK Associates Corp now owns 235,910 shares of the investment management company’s stock valued at $2,961,000 after purchasing an additional 5,459 shares in the last quarter. Wagner Wealth Management LLC lifted its holdings in shares of Invvlu Mu Incm by 79.5% in the fourth quarter. Wagner Wealth Management LLC now owns 233,176 shares of the investment management company’s stock valued at $2,873,000 after purchasing an additional 103,238 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Invvlu Mu Incm by 8.9% during the third quarter. Raymond James Financial Inc. now owns 213,987 shares of the investment management company’s stock valued at $2,686,000 after buying an additional 17,439 shares during the last quarter. 20.73% of the stock is owned by institutional investors.

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.