Invesco Municipal Income Opportunities Trust (NYSE:OIA) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Invesco Municipal Income Opportunities Trust (NYSE:OIA) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.36 and traded as low as $6.03. Invesco Municipal Income Opportunities Trust shares last traded at $6.06, with a volume of 152,562 shares changing hands.

Invesco Municipal Income Opportunities Trust Stock Up 0.7 %

The company’s fifty day moving average is $6.09 and its two-hundred day moving average is $6.36.

Invesco Municipal Income Opportunities Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.0291 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.35 annualized dividend and a yield of 5.76%.

Hedge Funds Weigh In On Invesco Municipal Income Opportunities Trust

Several large investors have recently bought and sold shares of OIA. Horizon Kinetics Asset Management LLC acquired a new position in Invesco Municipal Income Opportunities Trust in the third quarter valued at approximately $137,000. Rockefeller Capital Management L.P. raised its holdings in Invesco Municipal Income Opportunities Trust by 19.0% in the third quarter. Rockefeller Capital Management L.P. now owns 64,063 shares of the investment management company’s stock worth $439,000 after purchasing an additional 10,217 shares during the period. Virtu Financial LLC acquired a new stake in Invesco Municipal Income Opportunities Trust in the third quarter worth $72,000. Janney Montgomery Scott LLC acquired a new stake in Invesco Municipal Income Opportunities Trust in the fourth quarter worth $111,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in Invesco Municipal Income Opportunities Trust in the fourth quarter worth $65,000. 12.57% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Income Opportunities Trust Company Profile

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.