Invmun Incom (NYSE:OIA – Get Free Report) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $6.02 and traded as low as $5.70. Invmun Incom shares last traded at $5.74, with a volume of 197,581 shares traded.
Invmun Incom Trading Down 0.9%
The company has a 50-day moving average of $5.83 and a 200 day moving average of $6.02.
Invmun Incom Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be paid a dividend of $0.0291 per share. This represents a $0.35 annualized dividend and a yield of 6.1%. The ex-dividend date is Wednesday, October 14th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. RFG Advisory LLC increased its position in shares of Invmun Incom by 10.6% during the 1st quarter. RFG Advisory LLC now owns 18,199 shares of the investment management company’s stock worth $112,000 after purchasing an additional 1,740 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Invmun Incom by 8.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 62,049 shares of the investment management company’s stock valued at $381,000 after purchasing an additional 4,591 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Invmun Incom by 8.4% during the 1st quarter. Cetera Investment Advisers now owns 96,513 shares of the investment management company’s stock valued at $593,000 after purchasing an additional 7,504 shares during the last quarter. Van ECK Associates Corp boosted its position in Invmun Incom by 3.7% in the second quarter. Van ECK Associates Corp now owns 284,491 shares of the investment management company’s stock valued at $1,767,000 after buying an additional 10,076 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Invmun Incom in the second quarter valued at about $102,000. 12.57% of the stock is owned by institutional investors.
About Invmun Incom
Invesco Municipal Income Opportunities Trust (NYSE: OIA) is a closed-end management investment company advised by an affiliate of Invesco Ltd. The trust seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal securities.
Its portfolio may include bonds issued by states, municipalities, public authorities and other governmental entities across the United States. These securities typically help finance public projects and services such as education, transportation, utilities, health care and other essential infrastructure.
The trust is managed by Invesco, a global investment-management firm, and its investment strategy focuses on identifying municipal securities that may offer attractive tax-exempt income while managing credit, interest-rate and other portfolio risks.
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