Invesco Municipal Income Opportunities Trust (NYSE:OIA) Stock Crosses Above 50-Day Moving Average – What’s Next?

by · The Cerbat Gem

Invesco Municipal Income Opportunities Trust (NYSE:OIA – Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $6.66 and traded as high as $6.67. Invesco Municipal Income Opportunities Trust shares last traded at $6.57, with a volume of 103,281 shares trading hands.

Invesco Municipal Income Opportunities Trust Stock Performance

The firm has a 50 day moving average price of $6.67 and a two-hundred day moving average price of $6.45.

Invesco Municipal Income Opportunities Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be given a dividend of $0.0291 per share. The ex-dividend date is Wednesday, October 16th. This represents a $0.35 dividend on an annualized basis and a yield of 5.39%.

Institutional Trading of Invesco Municipal Income Opportunities Trust

Several hedge funds and other institutional investors have recently modified their holdings of OIA. Keudell Morrison Wealth Management purchased a new stake in Invesco Municipal Income Opportunities Trust during the 2nd quarter worth about $72,000. Creekside Partners purchased a new stake in shares of Invesco Municipal Income Opportunities Trust in the second quarter worth about $95,000. Avantax Advisory Services Inc. bought a new position in shares of Invesco Municipal Income Opportunities Trust in the first quarter valued at approximately $111,000. Wolverine Asset Management LLC purchased a new position in Invesco Municipal Income Opportunities Trust during the second quarter valued at approximately $119,000. Finally, Pathway Financial Advisers LLC bought a new stake in Invesco Municipal Income Opportunities Trust during the first quarter valued at $153,000. Institutional investors own 12.57% of the company’s stock.

Invesco Municipal Income Opportunities Trust Company Profile

(Get Free Report)

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.

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