IIM Stock Summary and Trading Ideas (Invesco Value Muni Income | NYSE:IIM)

The Trust’s investment objective is to provide current income which is exempt from federal income tax.

Invesco Value Muni Income trades on the NYSE stock market under the symbol IIM.

As of April 22, 2024, IIM stock price climbed to $11.39 with 130,733 million shares trading.

IIM has a beta of 0.72, meaning it tends to be less sensitive to market movements. IIM has a correlation of 0.37 to the broad based SPY ETF.

IIM has a market cap of $536.11 million. This is considered a Small Cap stock.

In the last 3 years, IIM stock traded as high as $17.29 and as low as $9.94.

IIM has underperformed the market in the last year with a return of +0.5%, while the SPY ETF gained +22.9%. In the last 3 month period, IIM fell short of the market, returning +0.5%, while SPY returned +3.7%. However, in the most recent 2 weeks IIM has outperformed the stock market by returning -2.3%, while SPY returned -3.7%.

IIM support price is $11.29 and resistance is $11.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IIM stock will trade within this expected range on the day.