Invvlu Mu Incm (IIM) To Go Ex-Dividend on September 14th

Invvlu Mu Incm (NYSE:IIM) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Monday, September 14th will be given a dividend of 0.0771 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Monday, September 14th.

Invvlu Mu Incm Price Performance

Shares of IIM opened at $12.13 on Friday. The company’s fifty day simple moving average is $12.61 and its 200-day simple moving average is $12.52. Invvlu Mu Incm has a twelve month low of $11.84 and a twelve month high of $13.17.

Institutional Investors Weigh In On Invvlu Mu Incm

A number of institutional investors and hedge funds have recently modified their holdings of IIM. NewEdge Advisors LLC lifted its position in shares of Invvlu Mu Incm by 8.2% during the second quarter. NewEdge Advisors LLC now owns 117,649 shares of the investment management company’s stock worth $1,498,000 after purchasing an additional 8,961 shares during the last quarter. Fortitude Advisory Group L.L.C. raised its stake in shares of Invvlu Mu Incm by 7.2% during the second quarter. Fortitude Advisory Group L.L.C. now owns 28,520 shares of the investment management company’s stock valued at $363,000 after acquiring an additional 1,920 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in Invvlu Mu Incm by 24.6% in the second quarter. Concurrent Investment Advisors LLC now owns 30,431 shares of the investment management company’s stock worth $387,000 after purchasing an additional 6,000 shares in the last quarter. Susquehanna International Group LLP purchased a new position in Invvlu Mu Incm during the 2nd quarter worth $146,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invvlu Mu Incm by 136.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,044 shares of the investment management company’s stock worth $230,000 after buying an additional 10,409 shares during the period. 20.73% of the stock is owned by institutional investors.

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. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.