Invvlu Mu Incm (NYSE:IIM) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• Invvlu Mu Incm's shares have surpassed their 200-day moving average, closing at $12.59, a notable increase from the average of $11.81.
• The company announced a monthly dividend of $0.0771 to be paid on October 31st, representing an annualized yield of 7.3% for investors.
• Major institutional investors have recently increased their holdings in Invvlu Mu Incm, indicating growing confidence in the company's financial outlook.

Invvlu Mu Incm (NYSE:IIM - )'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.81 and traded as high as $12.61. Invvlu Mu Incm shares last traded at $12.59, with a volume of 84,475 shares traded.

Invvlu Mu Incm Price Performance

The stock has a fifty day moving average price of $12.18 and a 200 day moving average price of $11.81.

Invvlu Mu Incm Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Thursday, October 16th will be given a $0.0771 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Thursday, October 16th.

Institutional Investors Weigh In On Invvlu Mu Incm

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Davis Investment Partners LLC raised its position in shares of Invvlu Mu Incm by 2.0% in the third quarter. Davis Investment Partners LLC now owns 41,436 shares of the investment management company's stock worth $528,000 after buying an additional 802 shares in the last quarter. Gridiron Partners LLC raised its position in shares of Invvlu Mu Incm by 424.2% in the third quarter. Gridiron Partners LLC now owns 150,650 shares of the investment management company's stock worth $1,891,000 after buying an additional 121,909 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Invvlu Mu Incm by 11.2% in the second quarter. Osaic Holdings Inc. now owns 86,366 shares of the investment management company's stock worth $1,005,000 after buying an additional 8,729 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Invvlu Mu Incm by 29.0% in the second quarter. Ameriprise Financial Inc. now owns 51,266 shares of the investment management company's stock worth $597,000 after buying an additional 11,522 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Invvlu Mu Incm in the second quarter worth $270,000. Hedge funds and other institutional investors own 20.73% of the company's stock.

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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