Invmun Incom (NYSE:OIA) Stock Passes Below 200 Day Moving Average - Here's Why

Key Points

• Invmun Incom (NYSE: OIA) fell below its 200-day moving average of $6.15, trading as low as $6.02 with 118,603 shares changing hands.
• The fund declared a monthly dividend of $0.0291 per share, payable August 31 to shareholders of record August 17, representing an annualized yield of approximately 5.8%.
• Institutional ownership stands at 12.57%, with several firms increasing their positions, including Raymond James Financial, Jane Street Group, Wells Fargo and PNC Financial.

Invmun Incom (NYSE:OIA - ) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.15 and traded as low as $6.02. Invmun Incom shares last traded at $6.02, with a volume of 118,603 shares.

Invmun Incom Price Performance

The firm's fifty day simple moving average is $6.13 and its 200-day simple moving average is $6.15.

Invmun Incom Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.0291 per share. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Monday, August 17th.

Institutional Investors Weigh In On Invmun Incom

A number of institutional investors and hedge funds have recently bought and sold shares of OIA. Raymond James Financial Inc. grew its holdings in Invmun Incom by 241.4% during the 3rd quarter. Raymond James Financial Inc. now owns 546,875 shares of the investment management company's stock valued at $3,298,000 after buying an additional 386,668 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of Invmun Incom by 14.4% in the fourth quarter. Guggenheim Capital LLC now owns 1,020,442 shares of the investment management company's stock worth $6,133,000 after acquiring an additional 128,382 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Invmun Incom by 68.3% in the fourth quarter. Wells Fargo & Company MN now owns 278,112 shares of the investment management company's stock worth $1,671,000 after acquiring an additional 112,896 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Invmun Incom by 51.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 201,154 shares of the investment management company's stock valued at $1,209,000 after acquiring an additional 68,260 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Invmun Incom by 226.7% in the fourth quarter. Jane Street Group LLC now owns 71,394 shares of the investment management company's stock valued at $429,000 after acquiring an additional 49,539 shares in the last quarter. Hedge funds and other institutional investors own 12.57% of the company's stock.

About Invmun Incom

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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