Invvlu Mu Incm (NYSE:IIM) Hits New 52-Week High – What’s Next?

Invvlu Mu Incm (NYSE:IIM) shares hit a new 52-week high during trading on Thursday . The company traded as high as $12.77 and last traded at $12.78, with a volume of 53131 shares changing hands. The stock had previously closed at $12.71.

Invvlu Mu Incm Trading Up 0.7%

The business has a 50-day moving average of $12.39 and a two-hundred day moving average of $12.27.

Invvlu Mu Incm Dividend Announcement

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

Hedge Funds Weigh In On Invvlu Mu Incm

Several institutional investors and hedge funds have recently added to or reduced their stakes in IIM. Gridiron Partners LLC increased its holdings in Invvlu Mu Incm by 424.2% in the third quarter. Gridiron Partners LLC now owns 150,650 shares of the investment management company’s stock valued at $1,891,000 after purchasing an additional 121,909 shares during the period. Wagner Wealth Management LLC increased its stake in shares of Invvlu Mu Incm by 79.5% in the fourth quarter. Wagner Wealth Management LLC now owns 233,176 shares of the investment management company’s stock valued at $2,873,000 after buying an additional 103,238 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of Invvlu Mu Incm by 13.5% during the third 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 last quarter. Whipplewood Advisors LLC lifted its stake in shares of Invvlu Mu Incm by 33,000.4% in 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. Finally, D.A. Davidson & CO. boosted its holdings in Invvlu Mu Incm by 577.9% in the third quarter. D.A. Davidson & CO. now owns 69,538 shares of the investment management company’s stock valued at $873,000 after acquiring an additional 59,280 shares during the last quarter. 20.73% of the stock is currently owned by institutional investors and hedge funds.

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.