Westchester Capital Management LLC Increases Stock Position in Invvlu Mu Incm $IIM

Key Points

• Westchester Capital Management LLC increased its holdings in Invvlu Mu Incm by 86.5%, acquiring 76,307 additional shares, bringing their total to 164,527 shares worth approximately $1.97 million.
• Invvlu Mu Incm recently announced a monthly dividend of $0.0771, translating to an annualized yield of 8.0%, with payments scheduled for August 29 to shareholders of record as of August 18.
• The stock's current price is approximately $11.6350, with a fifty-two week trading range between $10.96 and $13.10.

Westchester Capital Management LLC lifted its holdings in Invvlu Mu Incm (NYSE:IIM - Free Report) by 86.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 164,527 shares of the investment management company's stock after buying an additional 76,307 shares during the period. Westchester Capital Management LLC owned about 0.35% of Invvlu Mu Incm worth $1,969,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invvlu Mu Incm by 133.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 15,884 shares of the investment management company's stock worth $190,000 after buying an additional 9,074 shares during the last quarter. Nuveen LLC bought a new stake in shares of Invvlu Mu Incm in the 1st quarter worth about $230,000. Virtu Financial LLC increased its holdings in shares of Invvlu Mu Incm by 20.5% in the 1st quarter. Virtu Financial LLC now owns 19,654 shares of the investment management company's stock worth $235,000 after buying an additional 3,346 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Invvlu Mu Incm by 7.2% in the 1st quarter. LPL Financial LLC now owns 265,089 shares of the investment management company's stock worth $3,173,000 after buying an additional 17,786 shares during the last quarter. Finally, Wealth Quarterback LLC grew its holdings in Invvlu Mu Incm by 1.6% during the 1st quarter. Wealth Quarterback LLC now owns 55,168 shares of the investment management company's stock valued at $660,000 after purchasing an additional 847 shares during the last quarter. 20.73% of the stock is currently owned by institutional investors.

Invvlu Mu Incm Stock Performance

NYSE:IIM traded up $0.01 during mid-day trading on Thursday, hitting $11.68. 163,677 shares of the stock traded hands, compared to its average volume of 154,989. Invvlu Mu Incm has a 52 week low of $10.96 and a 52 week high of $13.10. The firm's 50 day moving average is $11.53 and its two-hundred day moving average is $11.77.

Invvlu Mu Incm Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a dividend of $0.0771 per share. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Monday, August 18th.

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.