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Invesco Closed-End Funds Declare Dividends
PRNewswire (Fri, 1-Mar 12:15 PM ET)
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 March 28, 2024, IIM stock price declined to $11.87 with 19,678 million shares trading.
IIM has a beta of 0.79, meaning it tends to be less sensitive to market movements. IIM has a correlation of 0.41 to the broad based SPY ETF.
IIM has a market cap of $558.70 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 price return of +5.9% while the SPY ETF gained +33.7%. IIM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.5% and +0.8%, respectively, while the SPY returned +10.2% and +1.7%, respectively.
IIM support price is $11.84 and resistance is $11.96 (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.