Invvlu Mu Incm (NYSE:IIM) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Invvlu Mu Incm (NYSE:IIM) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.45 and traded as high as $12.87. Invvlu Mu Incm shares last traded at $12.86, with a volume of 80,093 shares changing hands.

Invvlu Mu Incm Price Performance

The stock has a 50 day simple moving average of $12.38 and a 200 day simple moving average of $12.45.

Invvlu Mu Incm Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be paid a dividend of $0.0771 per share. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Tuesday, July 14th.

Institutional Trading of Invvlu Mu Incm

Large investors have recently modified their holdings of the business. Arkadios Wealth Advisors purchased a new position in shares of Invvlu Mu Incm during the first quarter valued at approximately $2,849,000. Quantinno Capital Management LP bought a new position in shares of Invvlu Mu Incm in the 1st quarter worth about $150,000. Cetera Investment Advisers boosted its position in shares of Invvlu Mu Incm by 8.3% in the 1st quarter. Cetera Investment Advisers now owns 170,394 shares of the investment management company’s stock worth $2,072,000 after purchasing an additional 13,028 shares in the last quarter. Hollencrest Capital Management boosted its holdings in Invvlu Mu Incm by 12.5% in the first quarter. Hollencrest Capital Management now owns 18,180 shares of the investment management company’s stock worth $221,000 after acquiring an additional 2,013 shares in the last quarter. Finally, Retirement Planning Group LLC bought a new position in Invvlu Mu Incm in the 1st quarter worth about $554,000. 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.