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

Invesco Municipal Income Opportunities Trust (NYSE:OIA)’s stock price crossed 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 Price Performance

The stock has a fifty day simple moving average of $6.09 and a 200-day simple moving average of $6.36.

Invesco Municipal Income Opportunities Trust Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC acquired a new position in Invesco Municipal Income Opportunities Trust during the fourth quarter worth $29,000. Elequin Capital LP purchased a new stake in shares of Invesco Municipal Income Opportunities Trust during the fourth quarter worth about $41,000. Ameriflex Group Inc. acquired a new position in shares of Invesco Municipal Income Opportunities Trust during the 4th quarter worth about $50,000. Cornerstone Wealth Management LLC purchased a new position in Invesco Municipal Income Opportunities Trust in the 4th quarter valued at about $65,000. Finally, Virtu Financial LLC acquired a new stake in Invesco Municipal Income Opportunities Trust in the 3rd quarter worth about $72,000. Hedge funds and other institutional investors own 12.57% of the company’s stock.

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.