Invvlu Mu Incm (NYSE:IIM) Sees Strong Trading Volume – Still a Buy?

Invvlu Mu Incm (NYSE:IIM) shares saw unusually-strong trading volume on Friday . Approximately 151,914 shares changed hands during trading, an increase of 8% from the previous session’s volume of 140,161 shares.The stock last traded at $12.89 and had previously closed at $12.97.

Invvlu Mu Incm Price Performance

The firm has a fifty day simple moving average of $12.58 and a 200-day simple moving average of $12.44.

Invvlu Mu Incm Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were given a dividend of $0.0771 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Tuesday, February 17th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Garton & Associates Financial Advisors LLC bought a new stake in Invvlu Mu Incm during the fourth quarter valued at approximately $41,000. Aventura Private Wealth LLC bought a new position in shares of Invvlu Mu Incm in the 4th quarter worth $43,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Invvlu Mu Incm during the 2nd quarter valued at $50,000. Smartleaf Asset Management LLC bought a new stake in shares of Invvlu Mu Incm during the 3rd quarter worth $54,000. Finally, Allworth Financial LP lifted its holdings in shares of Invvlu Mu Incm by 132.6% during the 2nd quarter. Allworth Financial LP now owns 5,323 shares of the investment management company’s stock worth $62,000 after acquiring an additional 3,035 shares during the last quarter. 20.73% of the stock is currently owned by institutional investors.

About Invvlu Mu Incm

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.