Invvlu Mu Incm (IIM) to Issue Monthly Dividend of $0.08 on March 31st

Invvlu Mu Incm (NYSE:IIM) declared a monthly dividend on Monday, March 2nd. Stockholders of record on Monday, March 16th will be given a dividend of 0.0771 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Monday, March 16th.

Invvlu Mu Incm Price Performance

Shares of NYSE IIM traded down $0.01 during trading hours on Friday, reaching $12.75. 121,955 shares of the stock were exchanged, compared to its average volume of 167,199. Invvlu Mu Incm has a 52 week low of $10.96 and a 52 week high of $13.17. The stock’s fifty day simple moving average is $12.64 and its 200 day simple moving average is $12.48.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IIM. Davis Investment Partners LLC boosted its position in shares of Invvlu Mu Incm by 2.0% in the third quarter. Davis Investment Partners LLC now owns 41,436 shares of the investment management company’s stock valued at $528,000 after acquiring an additional 802 shares during the period. Goldman Sachs Group Inc. grew its position in shares of 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 worth $304,000 after purchasing an additional 1,100 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Invvlu Mu Incm by 0.8% during the fourth quarter. Cetera Investment Advisers now owns 157,366 shares of the investment management company’s stock worth $1,939,000 after purchasing an additional 1,211 shares during the period. Cornerstone Wealth Management LLC increased its holdings 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 worth $221,000 after purchasing an additional 1,769 shares during the period. Finally, Fortitude Advisory Group L.L.C. raised its position in shares of Invvlu Mu Incm by 8.8% in the third quarter. Fortitude Advisory Group L.L.C. now owns 26,600 shares of the investment management company’s stock valued at $334,000 after buying an additional 2,144 shares in the last quarter. Institutional investors own 20.73% of the company’s stock.

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.