Invvlu Mu Incm (NYSE:IIM) to Issue Monthly Dividend of $0.08

Invvlu Mu Incm (NYSE:IIM) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of 0.0771 per share by the investment management company on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, January 15th.

Invvlu Mu Incm Price Performance

Shares of IIM stock opened at $12.58 on Tuesday. Invvlu Mu Incm has a 1 year low of $10.96 and a 1 year high of $12.77. The firm’s fifty day simple moving average is $12.42 and its 200 day simple moving average is $12.14.

Hedge Funds Weigh In On Invvlu Mu Incm

Several institutional investors and hedge funds have recently added to or reduced their stakes in IIM. Curio Wealth LLC raised its holdings in Invvlu Mu Incm by 115,000.0% in the 2nd quarter. Curio Wealth LLC now owns 2,302 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 2,300 shares in the last quarter. Aventura Private Wealth LLC acquired a new stake in shares of Invvlu Mu Incm during the 4th quarter worth approximately $43,000. Hilltop National Bank bought a new stake in shares of Invvlu Mu Incm during the second quarter valued at approximately $49,000. Atlantic Union Bankshares Corp acquired a new position in shares of Invvlu Mu Incm in the second quarter valued at $50,000. Finally, Smartleaf Asset Management LLC acquired a new position in shares of Invvlu Mu Incm in the third quarter valued at $54,000. 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.