Invesco Municipal Income Opportunities Trust (OIA) Sets New 52-Week High Following Dividend Announcement

Shares of Invesco Municipal Income Opportunities Trust (NYSE:OIA) hit a new 52-week high on Tuesday after the company announced a dividend. The stock traded as high as $8.15 and last traded at $8.08, with a volume of 88700 shares changing hands. The stock had previously closed at $7.99.

The newly announced dividend which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be paid a $0.0344 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $0.41 annualized dividend and a dividend yield of 5.08%.

Hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in Invesco Municipal Income Opportunities Trust by 9.2% in the second quarter. Ameriprise Financial Inc. now owns 529,122 shares of the investment management company’s stock valued at $4,087,000 after acquiring an additional 44,491 shares in the last quarter. Royal Bank of Canada raised its holdings in Invesco Municipal Income Opportunities Trust by 1,529.3% in the second quarter. Royal Bank of Canada now owns 57,483 shares of the investment management company’s stock valued at $445,000 after acquiring an additional 53,955 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Invesco Municipal Income Opportunities Trust by 0.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 16,387 shares of the investment management company’s stock valued at $127,000 after acquiring an additional 79 shares in the last quarter. Van ECK Associates Corp raised its holdings in Invesco Municipal Income Opportunities Trust by 21.1% in the third quarter. Van ECK Associates Corp now owns 82,665 shares of the investment management company’s stock valued at $652,000 after acquiring an additional 14,399 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new stake in Invesco Municipal Income Opportunities Trust in the second quarter valued at $120,000. Institutional investors and hedge funds own 6.79% of the company’s stock.

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About Invesco Municipal Income Opportunities Trust

Invesco Municipal Income Opportunities Trust is a diversified closed-end management investment company. The Trust’s investment objective is to seek to provide current income, which is exempt from federal income tax. It invests primarily in municipal securities rated BB or better by Standard & Poor’s or Ba or better by Moody’s, or if not rated, securities it determines to be of comparable quality at the time of investment.

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