Goldman Sachs Group Inc. Purchases 58,134 Shares of Invvlu Mu Incm $IIM

Key Points

• Goldman Sachs Group Inc. significantly increased its stake in Invvlu Mu Incm by 246.2%, acquiring an additional 58,134 shares, bringing its total holdings to 81,747 shares worth approximately $979,000.
• Invvlu Mu Incm recently announced a monthly dividend of $0.0771 per share, yielding 7.4% annualized, with the payment date set for September 30th.
• The stock of Invvlu Mu Incm is currently priced at $12.49, reflecting a 0.4% decline, with a one-year trading range of $10.96 to $12.94.

Goldman Sachs Group Inc. increased its position in shares of Invvlu Mu Incm (NYSE:IIM - Free Report) by 246.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,747 shares of the investment management company's stock after acquiring an additional 58,134 shares during the quarter. Goldman Sachs Group Inc. owned about 0.17% of Invvlu Mu Incm worth $979,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Invvlu Mu Incm in the first quarter valued at approximately $166,000. LexAurum Advisors LLC bought a new position in shares of Invvlu Mu Incm in the first quarter valued at $1,104,000. Ameriprise Financial Inc. grew its stake in shares of Invvlu Mu Incm by 70.1% in the fourth quarter. Ameriprise Financial Inc. now owns 50,253 shares of the investment management company's stock valued at $586,000 after buying an additional 20,714 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of Invvlu Mu Incm by 4.8% in the fourth quarter. Nuveen Asset Management LLC now owns 44,081 shares of the investment management company's stock valued at $524,000 after buying an additional 2,000 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in shares of Invvlu Mu Incm in the first quarter valued at $150,000. 20.73% of the stock is currently owned by institutional investors and hedge funds.

Invvlu Mu Incm Stock Down 0.4%

IIM stock opened at $12.49 on Tuesday. The company has a fifty day moving average price of $11.71 and a two-hundred day moving average price of $11.74. Invvlu Mu Incm has a one year low of $10.96 and a one year high of $12.94.

Invvlu Mu Incm Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.0771 per share. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Tuesday, September 16th.

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.

Want to see what other hedge funds are holding IIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invvlu Mu Incm (NYSE:IIM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.