Hennion & Walsh Asset Management Inc. Acquires 496,014 Shares of Invmun Incom $OIA

Key Points

• Hennion & Walsh Asset Management raised its stake in Invmun Incom (NYSE: OIA) by 88.4%, adding 496,014 shares to hold 1,057,088 shares worth about $6.35 million at quarter-end.
• Invmun Incom declared a monthly dividend of $0.0291 payable March 31 (record/ex-dividend date March 16), implying an annualized yield of roughly 5.8%.
• Shares opened at $6.06 and have traded in a 12-month range of $5.43–$6.40 with a 50-day/200-day SMA of $6.20/$6.10, and institutional investors own about 12.57% of the company.

Hennion & Walsh Asset Management Inc. lifted its stake in Invmun Incom (NYSE:OIA - Free Report) by 88.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,057,088 shares of the investment management company's stock after acquiring an additional 496,014 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Invmun Incom were worth $6,353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. NWF Advisory Services Inc. bought a new stake in Invmun Incom in the 2nd quarter valued at $70,000. Vista Investment Partners II LLC bought a new position in shares of Invmun Incom during the 3rd quarter worth about $84,000. Baird Financial Group Inc. increased its holdings in shares of Invmun Incom by 31.9% during the 2nd quarter. Baird Financial Group Inc. now owns 16,555 shares of the investment management company's stock worth $95,000 after purchasing an additional 4,000 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Invmun Incom during the second quarter valued at about $115,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Invmun Incom during the third quarter valued at about $115,000. Institutional investors own 12.57% of the company's stock.

Invmun Incom Trading Up 0.4%

NYSE OIA opened at $6.06 on Monday. Invmun Incom has a twelve month low of $5.43 and a twelve month high of $6.40. The firm has a 50-day simple moving average of $6.20 and a 200 day simple moving average of $6.10.

Invmun Incom Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.0291 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) annualized dividend and a yield of 5.8%.

Invmun Incom 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. 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.

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