Invvlu Mu Incm (NYSE:IIM) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of Invvlu Mu Incm (NYSE:IIM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.43 and traded as high as $12.56. Invvlu Mu Incm shares last traded at $12.5550, with a volume of 117,738 shares traded.

Invvlu Mu Incm Stock Performance

The company has a 50 day moving average of $12.24 and a 200-day moving average of $12.43.

Invvlu Mu Incm Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.0771 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 7.4%.

Hedge Funds Weigh In On Invvlu Mu Incm

Large investors have recently bought and sold shares of the business. Wagner Wealth Management LLC lifted its holdings in 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 worth $2,873,000 after acquiring an additional 103,238 shares during the last quarter. Zinnia Wealth Advisory LLC bought a new position in Invvlu Mu Incm in the fourth quarter worth about $173,000. Savant Capital LLC lifted its holdings in Invvlu Mu Incm by 103.3% in the fourth quarter. Savant Capital LLC now owns 23,317 shares of the investment management company’s stock worth $287,000 after acquiring an additional 11,848 shares during the last quarter. Closed End Fund Advisors Inc. bought a new position in Invvlu Mu Incm in the fourth quarter worth about $279,000. Finally, UBS Group AG lifted its holdings in Invvlu Mu Incm by 0.8% in the fourth quarter. UBS Group AG now owns 588,281 shares of the investment management company’s stock worth $7,248,000 after acquiring an additional 4,652 shares during 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.