Livelsberger Financial Advisory Buys 191,454 Shares of Invvlu Mu Incm $IIM

Key Points

• Livelsberger Financial Advisory bought 191,454 shares of Invvlu Mu Incm in the third quarter, valued at approximately $2.0 million. The position represents 10.8% of the advisory’s portfolio and is its largest holding.
• Institutional ownership stands at 20.73%, with several firms increasing or initiating positions, including Hennion & Walsh Asset Management, which raised its holdings by 63.2%.
• IIM shares opened at $11.36, below their 50-day and 200-day moving averages, while the fund maintained a monthly dividend of $0.0771, equivalent to an annualized yield of about 8.1%.

Livelsberger Financial Advisory bought a new position in shares of Invvlu Mu Incm (NYSE:IIM - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 191,454 shares of the investment management company's stock, valued at approximately $2,003,000. Invvlu Mu Incm comprises 10.8% of Livelsberger Financial Advisory's portfolio, making the stock its biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. increased its holdings in Invvlu Mu Incm by 63.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,162,995 shares of the investment management company's stock valued at $14,805,000 after acquiring an additional 450,450 shares during the last quarter. Bank of America Corp DE purchased a new stake in Invvlu Mu Incm in the 2nd quarter worth $9,075,000. Arkadios Wealth Advisors purchased a new stake in Invvlu Mu Incm in the 1st quarter worth $2,849,000. Retirement Planning Group LLC bought a new position in shares of Invvlu Mu Incm during the 1st quarter valued at about $554,000. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Invvlu Mu Incm by 223.1% during the 1st quarter. Kestra Advisory Services LLC now owns 21,553 shares of the investment management company's stock valued at $262,000 after purchasing an additional 14,882 shares during the last quarter. Institutional investors own 20.73% of the company's stock.

Invvlu Mu Incm Stock Performance

Shares of Invvlu Mu Incm stock opened at $11.36 on Friday. The business has a 50-day moving average price of $11.57 and a 200-day moving average price of $12.28. Invvlu Mu Incm has a twelve month low of $10.27 and a twelve month high of $13.17.

Invvlu Mu Incm Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be given a $0.0771 dividend. This is an increase from Invvlu Mu Incm's previous monthly dividend of $0.0771. This represents a $0.93 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Wednesday, October 14th.

About Invvlu Mu Incm

Invesco Value Municipal Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol IIM. The fund seeks to provide current income that is exempt from federal income tax by investing primarily in a diversified portfolio of municipal securities.

The trust may invest in bonds and other debt obligations issued by states, municipalities, and related public entities in the United States. Its portfolio can include securities financing public infrastructure and essential services, such as transportation, utilities, education, health care, and housing.

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