Invesco Municipal Income Opportunities Trust (NYSE:OIA) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Invesco Municipal Income Opportunities Trust (NYSE:OIA) 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’s 50 day simple moving average is $6.67 and its 200 day simple moving average is $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. Investors of record on Wednesday, October 16th will be given a $0.0291 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend is Wednesday, October 16th.

Institutional Trading of Invesco Municipal Income Opportunities Trust

Several institutional investors have recently added to or reduced their stakes in OIA. Farther Finance Advisors LLC increased its holdings in shares of Invesco Municipal Income Opportunities Trust by 32.3% in the third quarter. Farther Finance Advisors LLC now owns 91,432 shares of the investment management company’s stock worth $627,000 after buying an additional 22,308 shares during the period. Rothschild Investment LLC purchased a new position in Invesco Municipal Income Opportunities Trust in the 2nd quarter worth approximately $455,000. Sanctuary Advisors LLC bought a new stake in Invesco Municipal Income Opportunities Trust in the second quarter valued at approximately $278,000. Providence First Trust Co boosted its stake in shares of Invesco Municipal Income Opportunities Trust by 61.4% during the second quarter. Providence First Trust Co now owns 41,974 shares of the investment management company’s stock valued at $267,000 after purchasing an additional 15,974 shares during the period. Finally, RFG Advisory LLC boosted its stake in shares of Invesco Municipal Income Opportunities Trust by 11.9% during the second quarter. RFG Advisory LLC now owns 26,586 shares of the investment management company’s stock valued at $169,000 after purchasing an additional 2,829 shares during the period. 12.57% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco Municipal Income Opportunities Trust

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.