Invvlu Mu Incm $IIM Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in Invvlu Mu Incm (NYSE:IIM) by 48.8%, selling 32,489 shares, and now owns approximately 0.07% of the company worth $407,000.
• Institutional investors, including Ameriprise Financial and Bank of America, have increased their holdings in Invvlu Mu Incm, indicating growing interest in the company.
• Invvlu Mu Incm announced a monthly dividend of $0.0771 per share, with a dividend yield of 7.8%, payable on September 30th to shareholders of record on September 16th.

Invesco Ltd. reduced its stake in shares of Invvlu Mu Incm (NYSE:IIM - Free Report) by 48.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,023 shares of the investment management company's stock after selling 32,489 shares during the period. Invesco Ltd. owned approximately 0.07% of Invvlu Mu Incm worth $407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IIM. Farther Finance Advisors LLC purchased a new stake in shares of Invvlu Mu Incm in the 1st quarter valued at $28,000. GAMMA Investing LLC grew its position in Invvlu Mu Incm by 1,096.8% during the 1st quarter. GAMMA Investing LLC now owns 3,004 shares of the investment management company's stock worth $360,000 after purchasing an additional 2,753 shares during the period. Elequin Capital LP purchased a new position in shares of Invvlu Mu Incm during the 4th quarter valued at about $101,000. Baird Financial Group Inc. acquired a new position in shares of Invvlu Mu Incm in the 4th quarter valued at about $133,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of Invvlu Mu Incm in the first quarter worth about $150,000. Hedge funds and other institutional investors own 20.73% of the company's stock.

Invvlu Mu Incm Stock Up 1.3%

Invvlu Mu Incm stock traded up $0.16 during midday trading on Thursday, hitting $12.37. 131,505 shares of the company were exchanged, compared to its average volume of 151,081. The business has a fifty day simple moving average of $11.60 and a two-hundred day simple moving average of $11.75. Invvlu Mu Incm has a fifty-two week low of $10.96 and a fifty-two week high of $13.10.

Invvlu Mu Incm Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.0771 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

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.