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

Invvlu Mu Incm (NYSE:IIM) declared a monthly dividend on Monday, November 3rd. Shareholders of record on Monday, November 17th will be paid a dividend of 0.0771 per share by the investment management company on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Monday, November 17th.

Invvlu Mu Incm Stock Up 0.3%

Shares of NYSE IIM traded up $0.04 during midday trading on Tuesday, reaching $12.56. 31,564 shares of the company traded hands, compared to its average volume of 142,772. Invvlu Mu Incm has a 12 month low of $10.96 and a 12 month high of $12.77. The stock’s 50-day simple moving average is $12.37 and its 200-day simple moving average is $11.89.

Institutional Trading of Invvlu Mu Incm

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. increased its stake in shares of Invvlu Mu Incm by 13.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 827,675 shares of the investment management company’s stock valued at $10,387,000 after buying an additional 98,759 shares in the last quarter. LPL Financial LLC increased its position in Invvlu Mu Incm by 7.2% in the first quarter. LPL Financial LLC now owns 265,089 shares of the investment management company’s stock worth $3,173,000 after purchasing an additional 17,786 shares during the period. Westchester Capital Management LLC increased its position in Invvlu Mu Incm by 86.5% in the first quarter. Westchester Capital Management LLC now owns 164,527 shares of the investment management company’s stock worth $1,969,000 after purchasing an additional 76,307 shares during the period. Cetera Investment Advisers increased its position in Invvlu Mu Incm by 8.3% in the second quarter. Cetera Investment Advisers now owns 158,360 shares of the investment management company’s stock worth $1,843,000 after purchasing an additional 12,147 shares during the period. Finally, Gridiron Partners LLC increased its position in 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 purchasing an additional 121,909 shares during the period. 20.73% of the stock is currently owned by institutional investors and hedge funds.

About Invvlu Mu Incm

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.