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

Invvlu Mu Incm (NYSE:IIM) declared a monthly dividend on Monday, December 1st. Shareholders of record on Tuesday, December 16th will be paid a dividend of 0.0771 per share by the investment management company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Tuesday, December 16th.

Invvlu Mu Incm Trading Down 0.5%

Shares of NYSE IIM traded down $0.06 during midday trading on Tuesday, hitting $12.40. 99,946 shares of the stock traded hands, compared to its average volume of 141,407. Invvlu Mu Incm has a one year low of $10.96 and a one year high of $12.77. The business has a 50 day moving average price of $12.53 and a two-hundred day moving average price of $11.98.

Institutional Investors Weigh In On Invvlu Mu Incm

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. raised its holdings 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 last quarter. LPL Financial LLC raised its stake in shares of Invvlu Mu Incm by 7.2% in the first quarter. LPL Financial LLC now owns 265,089 shares of the investment management company’s stock worth $3,173,000 after purchasing an additional 17,786 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Invvlu Mu Incm by 2.4% in the third quarter. Van ECK Associates Corp now owns 235,910 shares of the investment management company’s stock worth $2,961,000 after purchasing an additional 5,459 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Invvlu Mu Incm by 8.9% in the third quarter. Raymond James Financial Inc. now owns 213,987 shares of the investment management company’s stock valued at $2,686,000 after purchasing an additional 17,439 shares in the last quarter. Finally, Westchester Capital Management LLC boosted its position in shares of Invvlu Mu Incm by 86.5% during the first quarter. Westchester Capital Management LLC now owns 164,527 shares of the investment management company’s stock valued at $1,969,000 after buying an additional 76,307 shares during the last quarter. 20.73% of the stock is 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.