Invvlu Mu Incm (NYSE:IIM) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Invvlu Mu Incm (NYSE:IIM) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.27 and traded as high as $12.64. Invvlu Mu Incm shares last traded at $12.62, with a volume of 144,021 shares changing hands.

Invvlu Mu Incm Price Performance

The business’s fifty day simple moving average is $12.38 and its two-hundred day simple moving average is $12.27.

Invvlu Mu Incm Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be paid a $0.0771 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Tuesday, February 17th.

Institutional Trading of Invvlu Mu Incm

Institutional investors have recently bought and sold shares of the business. Curio Wealth LLC raised its stake in shares of Invvlu Mu Incm by 115,000.0% during the 2nd quarter. Curio Wealth LLC now owns 2,302 shares of the investment management company’s stock worth $27,000 after buying an additional 2,300 shares during the period. Aventura Private Wealth LLC purchased a new position in Invvlu Mu Incm during the fourth quarter valued at $43,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Invvlu Mu Incm in the second quarter valued at about $50,000. Smartleaf Asset Management LLC purchased a new stake in shares of Invvlu Mu Incm during the third quarter worth about $54,000. Finally, Allworth Financial LP increased its stake in shares of Invvlu Mu Incm by 132.6% during the second quarter. Allworth Financial LP now owns 5,323 shares of the investment management company’s stock worth $62,000 after purchasing an additional 3,035 shares in the last quarter. 20.73% of the stock is owned by institutional investors and hedge funds.

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.