Hennion & Walsh Asset Management Inc. raised its holdings in shares of Invvlu Mu Incm (NYSE:IIM - Free Report) by 63.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,162,995 shares of the investment management company's stock after buying an additional 450,450 shares during the period. Hennion & Walsh Asset Management Inc. owned about 2.47% of Invvlu Mu Incm worth $14,805,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC purchased a new position in shares of Invvlu Mu Incm during the 4th quarter worth $41,000. XTX Topco Ltd bought a new stake in shares of Invvlu Mu Incm during the 2nd quarter valued at $134,000. Legacy Advisors LLC purchased a new stake in shares of Invvlu Mu Incm in the 4th quarter worth $149,000. Quantinno Capital Management LP purchased a new stake in shares of Invvlu Mu Incm in the 1st quarter worth $150,000. Finally, Virtu Financial LLC bought a new position in Invvlu Mu Incm in the 4th quarter worth $169,000. 20.73% of the stock is owned by hedge funds and other institutional investors.
Invvlu Mu Incm Trading Up 1.4%
NYSE IIM opened at $12.72 on Friday. The business's fifty day moving average is $12.65 and its 200 day moving average is $12.51. Invvlu Mu Incm has a fifty-two week low of $11.44 and a fifty-two week high of $13.17.
Invvlu Mu Incm Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a $0.0771 dividend. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 7.3%.
Invvlu Mu Incm Company Profile
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Free Report)
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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