Gridiron Partners LLC Cuts Stock Holdings in Invvlu Mu Incm $IIM

Key Points

• Gridiron Partners LLC cut its stake in Invesco Value Municipal Income Trust (NYSE: IIM) by 80.9% in Q4, selling 121,909 shares and now owning 28,741 shares worth $354,000 (0.06% of the company).
• The fund declared a monthly dividend of $0.0771 per share (annualized yield ~7.4%), payable March 31 to shareholders of record March 16, with an ex-dividend date of March 16.
• Several other institutions increased holdings—Hennion & Walsh now owns 827,675 shares (~$10.39M) and firms like D.A. Davidson, Wagner Wealth, Goldman Sachs and NewEdge also boosted positions—bringing total institutional ownership to 20.73%.

Gridiron Partners LLC reduced its stake in shares of Invvlu Mu Incm (NYSE:IIM - Free Report) by 80.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,741 shares of the investment management company's stock after selling 121,909 shares during the quarter. Gridiron Partners LLC owned 0.06% of Invvlu Mu Incm worth $354,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. lifted its stake 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 valued at $10,387,000 after acquiring an additional 98,759 shares during the last quarter. D.A. Davidson & CO. grew its position in Invvlu Mu Incm by 577.9% during the 3rd quarter. D.A. Davidson & CO. now owns 69,538 shares of the investment management company's stock worth $873,000 after acquiring an additional 59,280 shares during the last quarter. Wagner Wealth Management LLC grew its position in Invvlu Mu Incm by 82.0% during the 3rd quarter. Wagner Wealth Management LLC now owns 129,938 shares of the investment management company's stock worth $1,631,000 after acquiring an additional 58,561 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Invvlu Mu Incm by 246.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 81,747 shares of the investment management company's stock worth $979,000 after purchasing an additional 58,134 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Invvlu Mu Incm by 56.4% in the 3rd quarter. NewEdge Advisors LLC now owns 101,027 shares of the investment management company's stock worth $1,268,000 after purchasing an additional 36,438 shares during the period. Hedge funds and other institutional investors own 20.73% of the company's stock.

Invvlu Mu Incm Trading Down 2.4%

Shares of IIM stock opened at $12.51 on Friday. Invvlu Mu Incm has a fifty-two week low of $10.96 and a fifty-two week high of $13.17. The stock has a 50 day moving average price of $12.67 and a two-hundred day moving average price of $12.52.

Invvlu Mu Incm Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued 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 is Monday, March 16th.

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. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.

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