Free Trial

Invvlu Mu Incm (NYSE:IIM) Sets New 1-Year High - Still a Buy?

Invvlu Mu Incm logo with Finance background

Key Points

  • Invvlu Mu Incm (NYSE:IIM) reached a new 52-week high of $12.97 during trading, closing at $12.47.
  • The company announced a monthly dividend of $0.0771, giving it an annualized dividend yield of 7.4%, with payments scheduled for September 30th.
  • Institutional investors have increased their stakes in Invvlu Mu Incm, with over 20% of the stock now owned by these investors.
  • Five stocks to consider instead of Invvlu Mu Incm.

Shares of Invvlu Mu Incm (NYSE:IIM - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $12.97 and last traded at $12.47, with a volume of 200 shares changing hands. The stock had previously closed at $12.45.

Invvlu Mu Incm Stock Performance

The stock has a 50-day simple moving average of $11.71 and a 200-day simple moving average of $11.74.

Invvlu Mu Incm Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.0771 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Tuesday, September 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Curio Wealth LLC lifted its stake in shares of Invvlu Mu Incm by 115,000.0% during the second quarter. Curio Wealth LLC now owns 2,302 shares of the investment management company's stock worth $27,000 after purchasing an additional 2,300 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Invvlu Mu Incm during the first quarter worth about $28,000. Hilltop National Bank acquired a new position in shares of Invvlu Mu Incm during the second quarter worth about $49,000. Atlantic Union Bankshares Corp acquired a new position in shares of Invvlu Mu Incm during the second quarter worth about $50,000. Finally, Allworth Financial LP lifted its stake in shares of Invvlu Mu Incm by 132.6% during the second quarter. Allworth Financial LP now owns 5,323 shares of the investment management company's stock worth $62,000 after purchasing an additional 3,035 shares in the last quarter. Institutional investors and hedge funds own 20.73% of the company's stock.

About Invvlu Mu Incm

(Get 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.

Recommended Stories

Should You Invest $1,000 in Invvlu Mu Incm Right Now?

Before you consider Invvlu Mu Incm, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invvlu Mu Incm wasn't on the list.

While Invvlu Mu Incm currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Best Stocks to Own: Fall 2025 Cover

Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.