Oppenheimer & Co. Inc. Purchases New Stake in Invvlu Mu Incm (NYSE:IIM)

Oppenheimer & Co. Inc. purchased a new stake in Invvlu Mu Incm (NYSE:IIM) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,834 shares of the investment management company’s stock, valued at approximately $166,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wagner Wealth Management LLC increased its stake in Invvlu Mu Incm by 28.1% during the first quarter. Wagner Wealth Management LLC now owns 50,066 shares of the investment management company’s stock worth $599,000 after acquiring an additional 10,985 shares during the last quarter. Fortitude Advisory Group L.L.C. boosted its position in shares of Invvlu Mu Incm by 9.2% during the first quarter. Fortitude Advisory Group L.L.C. now owns 24,456 shares of the investment management company’s stock worth $282,000 after buying an additional 2,054 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Invvlu Mu Incm during the first quarter worth $28,000. LexAurum Advisors LLC purchased a new position in shares of Invvlu Mu Incm during the first quarter worth $1,104,000. Finally, GAMMA Investing LLC boosted its position in shares of Invvlu Mu Incm by 1,096.8% during the first quarter. GAMMA Investing LLC now owns 3,004 shares of the investment management company’s stock worth $360,000 after buying an additional 2,753 shares during the period. Institutional investors and hedge funds own 20.73% of the company’s stock.

Invvlu Mu Incm Stock Performance

IIM opened at $11.70 on Friday. Invvlu Mu Incm has a 52 week low of $10.96 and a 52 week high of $13.10. The business has a fifty day simple moving average of $11.72 and a 200-day simple moving average of $11.90.

Invvlu Mu Incm Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be issued a $0.0771 dividend. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.93 dividend on an annualized basis and a yield of 7.91%.

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.