Invmun Incom (NYSE:OIA) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Invmun Incom (NYSE:OIA) crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $5.76 and traded as high as $5.87. Invmun Incom shares last traded at $5.8450, with a volume of 127,431 shares traded.

Invmun Incom Stock Performance

The firm’s 50-day moving average is $5.76 and its two-hundred day moving average is $6.05.

Invmun Incom Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.0291 per share. This represents a $0.35 annualized dividend and a yield of 6.0%. The ex-dividend date is Monday, November 16th.

Institutional Trading of Invmun Incom

Several large investors have recently made changes to their positions in OIA. StoneX Group Inc. acquired a new position in Invmun Incom in the 3rd quarter valued at $78,000. Susquehanna International Group LLP purchased a new stake in shares of Invmun Incom during the second quarter worth $102,000. David J Yvars Group purchased a new stake in Invmun Incom during the 3rd quarter valued at about $132,000. Phoenix Wealth Advisors grew its position in shares of Invmun Incom by 43.8% in the third quarter. Phoenix Wealth Advisors now owns 28,071 shares of the investment management company’s stock valued at $161,000 after purchasing an additional 8,545 shares in the last quarter. Finally, Readystate Asset Management LP purchased a new stake in Invmun Incom in the 2nd quarter valued at $174,000. 12.57% of the stock is currently owned by hedge funds and other institutional investors.

About Invmun Incom

Invesco Municipal Income Opportunities Trust (NYSE: OIA) is a closed-end investment company managed by Invesco Ltd. The trust seeks to provide a high level of current income that is exempt from regular federal income tax by investing primarily in municipal securities.

Its portfolio may include bonds and other debt obligations issued by states, municipalities, public authorities and related entities. These securities generally finance public-purpose projects and services such as education, transportation, utilities, health care and other civic infrastructure.