Invvlu Mu Incm (NYSE:IIM) Plans Monthly Dividend of $0.08

Key Points

• Invvlu Mu Incm (NYSE:IIM) has announced a monthly dividend of $0.0771 per share, with a yield of 7.8%, set to be paid on September 30th to shareholders on record as of September 16th.
• The company's stock recently traded at $11.80, reflecting a 0.4% increase, while its 50-day and 200-day moving averages are $11.54 and $11.76, respectively.
• Institutional investors currently hold 20.73% of Invvlu Mu Incm's shares, with notable increases in stakes from various hedge funds during the recent quarters.

Invvlu Mu Incm (NYSE:IIM - Get Free Report) declared a monthly dividend on Wednesday, September 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be paid a dividend of 0.0771 per share by the investment management company on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Tuesday, September 16th.

Invvlu Mu Incm Trading Up 0.4%

NYSE IIM traded up $0.05 on Wednesday, hitting $11.80. The company's stock had a trading volume of 136,573 shares, compared to its average volume of 147,129. The company's 50-day moving average is $11.54 and its 200 day moving average is $11.76. Invvlu Mu Incm has a 1-year low of $10.96 and a 1-year high of $13.10.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IIM. Curio Wealth LLC boosted its holdings in 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 during the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of Invvlu Mu Incm during the first quarter worth $28,000. Hilltop National Bank purchased a new stake in Invvlu Mu Incm during the 2nd quarter worth about $49,000. Atlantic Union Bankshares Corp purchased a new stake in Invvlu Mu Incm in the 2nd quarter worth approximately $50,000. Finally, Allworth Financial LP raised its position in shares of Invvlu Mu Incm by 132.6% in the second quarter. Allworth Financial LP now owns 5,323 shares of the investment management company's stock worth $62,000 after buying an additional 3,035 shares in the last quarter. 20.73% of the stock is currently owned by institutional investors and hedge funds.

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.

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