Invvlu Mu Incm $IIM Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its stake in Invvlu Mu Incm (NYSE:IIM) by 29.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,547 shares of the investment management company’s stock after selling 80,175 shares during the period. Advisors Asset Management Inc. owned 0.40% of Invvlu Mu Incm worth $2,391,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IIM. D.A. Davidson & CO. grew its position in Invvlu Mu Incm by 577.9% in the 3rd quarter. D.A. Davidson & CO. now owns 69,538 shares of the investment management company’s stock valued at $873,000 after buying an additional 59,280 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Invvlu Mu Incm by 8.3% in the 2nd quarter. Cetera Investment Advisers now owns 158,360 shares of the investment management company’s stock worth $1,843,000 after acquiring an additional 12,147 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of 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 worth $10,387,000 after acquiring an additional 98,759 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of Invvlu Mu Incm by 35.5% in the second quarter. Concurrent Investment Advisors LLC now owns 16,945 shares of the investment management company’s stock valued at $197,000 after acquiring an additional 4,437 shares in the last quarter. Finally, Whipplewood Advisors LLC increased its stake in shares of Invvlu Mu Incm by 33,000.4% during the second quarter. Whipplewood Advisors LLC now owns 76,462 shares of the investment management company’s stock worth $890,000 after acquiring an additional 76,231 shares during the period. 20.73% of the stock is owned by institutional investors and hedge funds.

Invvlu Mu Incm Price Performance

NYSE IIM opened at $12.82 on Monday. Invvlu Mu Incm has a 52-week low of $10.96 and a 52-week high of $12.88. The firm has a 50-day moving average price of $12.40 and a 200 day moving average price of $12.30.

Invvlu Mu Incm Announces Dividend

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

Invvlu Mu Incm 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.