Invvlu Mu Incm (NYSE:IIM) Hits New 12-Month High Following Dividend Announcement

Invvlu Mu Incm (NYSE:IIM) shares hit a new 52-week high during trading on Monday after the company announced a dividend. The stock traded as high as $12.77 and last traded at $12.58, with a volume of 24283 shares changing hands. The stock had previously closed at $12.57.

The newly announced dividend which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be given 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 of this dividend is Monday, November 17th.

Invvlu Mu Incm Stock Performance

The stock’s 50-day moving average price is $12.39 and its two-hundred day moving average price is $11.89.

Institutional Trading of Invvlu Mu Incm

A number of institutional investors have recently modified their holdings of IIM. Curio Wealth LLC lifted its stake in shares of Invvlu Mu Incm by 115,000.0% during the 2nd quarter. Curio Wealth LLC now owns 2,302 shares of the investment management company’s stock valued at $27,000 after buying an additional 2,300 shares in the last quarter. Hilltop National Bank purchased a new stake in Invvlu Mu Incm in the 2nd quarter worth approximately $49,000. Atlantic Union Bankshares Corp purchased a new stake in Invvlu Mu Incm in the 2nd quarter worth approximately $50,000. Allworth Financial LP lifted its stake in Invvlu Mu Incm by 132.6% in the 2nd 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. Finally, XTX Topco Ltd purchased a new stake in Invvlu Mu Incm in the 2nd quarter worth approximately $134,000. 20.73% of the stock is currently owned by hedge funds and other 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.