Invmun Incom (NYSE:OIA) Shares Pass Above 50-Day Moving Average – What’s Next?

Invmun Incom (NYSE:OIAGet Free Report)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.12 and traded as high as $6.21. Invmun Incom shares last traded at $6.18, with a volume of 139,991 shares.

Invmun Incom Stock Down 0.6%

The company has a 50 day moving average price of $6.12 and a 200-day moving average price of $6.14.

Invmun Incom Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be issued a dividend of $0.0291 per share. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, July 14th.

Hedge Funds Weigh In On Invmun Incom

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. grew its stake in shares of Invmun Incom by 88.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,057,088 shares of the investment management company’s stock worth $6,353,000 after purchasing an additional 496,014 shares during the last quarter. Arlington Capital Management Inc. raised its position in Invmun Incom by 13.4% during the 4th quarter. Arlington Capital Management Inc. now owns 34,139 shares of the investment management company’s stock worth $205,000 after purchasing an additional 4,030 shares during the last quarter. Royal Bank of Canada raised its position in Invmun Incom by 6.8% during the 1st quarter. Royal Bank of Canada now owns 50,167 shares of the investment management company’s stock worth $302,000 after purchasing an additional 3,210 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Invmun Incom during the 2nd quarter worth about $115,000. Finally, Arete Wealth Advisors LLC acquired a new position in Invmun Incom during the 4th quarter worth about $112,000. 12.57% of the stock is currently owned by institutional investors and hedge funds.

About Invmun Incom

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Invesco Municipal Income Opportunities 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 Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds rated BB or better by Standard & Poor's or Ba or better by Moody's.

Further Reading

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