Invvlu Mu Incm (NYSE:IIM) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Invvlu Mu Incm (NYSE:IIM)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.35 and traded as high as $12.86. Invvlu Mu Incm shares last traded at $12.8310, with a volume of 96,246 shares trading hands.

Invvlu Mu Incm Trading Up 0.2%

The firm has a 50-day simple moving average of $12.43 and a two-hundred day simple moving average of $12.35.

Invvlu Mu Incm Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be given a dividend of $0.0771 per share. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Tuesday, February 17th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IIM. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Invvlu Mu Incm during the fourth quarter worth about $41,000. Aventura Private Wealth LLC acquired a new stake in Invvlu Mu Incm during the fourth quarter worth approximately $43,000. Atlantic Union Bankshares Corp acquired a new stake in Invvlu Mu Incm during the second quarter worth approximately $50,000. Smartleaf Asset Management LLC purchased a new stake in Invvlu Mu Incm in the 3rd quarter worth approximately $54,000. Finally, Allworth Financial LP raised its holdings in Invvlu Mu Incm by 132.6% in the 2nd quarter. Allworth Financial LP now owns 5,323 shares of the investment management company’s stock valued at $62,000 after acquiring an additional 3,035 shares during the last quarter. 20.73% of the stock is currently owned by hedge funds and other 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.