Westchester Capital Management LLC Purchases 76,307 Shares of 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 grew its position in Invvlu Mu Incm (NYSE:IIM - Free Report) by 86.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,527 shares of the investment management company's stock after acquiring an additional 76,307 shares during the quarter. Westchester Capital Management LLC owned 0.35% of Invvlu Mu Incm worth $1,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wealth Quarterback LLC boosted its holdings in shares of Invvlu Mu Incm by 1.6% in the 1st quarter. Wealth Quarterback LLC now owns 55,168 shares of the investment management company's stock worth $660,000 after purchasing an additional 847 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Invvlu Mu Incm by 4.8% in the 4th quarter. Nuveen Asset Management LLC now owns 44,081 shares of the investment management company's stock worth $524,000 after purchasing an additional 2,000 shares during the period. Fortitude Advisory Group L.L.C. boosted its holdings in shares of Invvlu Mu Incm by 9.2% in the 1st quarter. Fortitude Advisory Group L.L.C. now owns 24,456 shares of the investment management company's stock worth $282,000 after purchasing an additional 2,054 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Invvlu Mu Incm in the 1st quarter worth approximately $28,000. Finally, Tyche Wealth Partners LLC boosted its holdings in shares of Invvlu Mu Incm by 8.4% in the 1st quarter. Tyche Wealth Partners LLC now owns 35,335 shares of the investment management company's stock worth $423,000 after purchasing an additional 2,730 shares during the period. Hedge funds and other institutional investors own 20.73% of the company's stock.

Invvlu Mu Incm Price Performance

Shares of Invvlu Mu Incm stock traded up $0.08 on Friday, reaching $11.76. The company had a trading volume of 170,758 shares, compared to its average volume of 153,076. The firm's 50-day moving average price is $11.54 and its two-hundred day moving average price is $11.77. Invvlu Mu Incm has a 1 year low of $10.96 and a 1 year high of $13.10.

Invvlu Mu Incm Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a dividend of $0.0771 per share. The ex-dividend date was Monday, August 18th. This represents a c) dividend on an annualized basis and a yield of 7.9%.

Invvlu Mu Incm Company 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.