Advisors Asset Management Inc. Has $3.80 Million Stock Holdings in Invvlu Mu Incm $IIM

Key Points

• Advisors Asset Management Inc. decreased its holdings in Invvlu Mu Incm by 21.9% in the first quarter, selling 89,058 shares, which reduced their total shares to 317,258 worth approximately $3.80 million.
• Other hedge funds also adjusted their positions, with Oppenheimer & Co. Inc. acquiring a new position valued at $166,000, and Ameriprise Financial Inc. increasing their stake by 70.1%.
• Invvlu Mu Incm recently announced a monthly dividend of $0.0771 per share, which translates to an annualized yield of 7.8%, to be paid on September 30th.

Advisors Asset Management Inc. decreased its holdings in Invvlu Mu Incm (NYSE:IIM - Free Report) by 21.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 317,258 shares of the investment management company's stock after selling 89,058 shares during the quarter. Advisors Asset Management Inc. owned 0.67% of Invvlu Mu Incm worth $3,798,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new position in shares of Invvlu Mu Incm in the 1st quarter valued at $166,000. LexAurum Advisors LLC acquired a new stake in shares of Invvlu Mu Incm during the 1st quarter worth about $1,104,000. Ameriprise Financial Inc. increased its position in shares of Invvlu Mu Incm by 70.1% during the 4th quarter. Ameriprise Financial Inc. now owns 50,253 shares of the investment management company's stock worth $586,000 after purchasing an additional 20,714 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Invvlu Mu Incm by 4.8% during the 4th quarter. Nuveen Asset Management LLC now owns 44,081 shares of the investment management company's stock worth $524,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Invvlu Mu Incm during the 1st quarter worth about $150,000. Institutional investors and hedge funds own 20.73% of the company's stock.

Invvlu Mu Incm Trading Up 0.6%

Shares of Invvlu Mu Incm stock opened at $11.85 on Friday. The company has a 50-day simple moving average of $11.56 and a 200 day simple moving average of $11.75. Invvlu Mu Incm has a 12-month low of $10.96 and a 12-month high of $13.10.

Invvlu Mu Incm Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.0771 per share. The ex-dividend date is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

Invvlu Mu Incm Profile

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.

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