Invvlu Mu Incm (IIM) To Go Ex-Dividend on August 17th

Invvlu Mu Incm (NYSE:IIM) announced a monthly dividend on Monday, August 3rd. Investors of record on Monday, August 17th will be paid a dividend of 0.0771 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Monday, August 17th.

Invvlu Mu Incm Stock Performance

IIM opened at $12.80 on Friday. The stock’s 50 day simple moving average is $12.68 and its 200 day simple moving average is $12.53. Invvlu Mu Incm has a 1 year low of $11.49 and a 1 year high of $13.17.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position in Invvlu Mu Incm by 4.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 24,713 shares of the investment management company’s stock valued at $304,000 after buying an additional 1,100 shares during the period. Cetera Investment Advisers increased its position in shares of Invvlu Mu Incm by 0.8% in the fourth quarter. Cetera Investment Advisers now owns 157,366 shares of the investment management company’s stock valued at $1,939,000 after acquiring an additional 1,211 shares during the period. Cornerstone Wealth Management LLC raised its stake in shares of Invvlu Mu Incm by 11.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 17,906 shares of the investment management company’s stock valued at $221,000 after acquiring an additional 1,769 shares during the last quarter. Hollencrest Capital Management raised its stake in shares of Invvlu Mu Incm by 12.5% during the first quarter. Hollencrest Capital Management now owns 18,180 shares of the investment management company’s stock valued at $221,000 after acquiring an additional 2,013 shares during the last quarter. Finally, Allworth Financial LP bought a new position in shares of Invvlu Mu Incm during the second quarter valued at about $34,000. 20.73% of the stock is owned by hedge funds and other 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.