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Invesco Municipal Income Opportunities Trust (NYSE:OIA) Shares Pass Below 200-Day Moving Average - Here's Why

Invesco Municipal Income Opportunities Trust logo with Finance background
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Invesco Municipal Income Opportunities Trust (NYSE:OIA - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.38 and traded as low as $6.06. Invesco Municipal Income Opportunities Trust shares last traded at $6.08, with a volume of 97,769 shares trading hands.

Invesco Municipal Income Opportunities Trust Stock Down 0.7 %

The stock has a fifty day simple moving average of $6.09 and a 200 day simple moving average of $6.38.

Invesco Municipal Income Opportunities Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.0291 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Monday, March 17th.

Institutional Trading of Invesco Municipal Income Opportunities Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Logan Stone Capital LLC bought a new stake in shares of Invesco Municipal Income Opportunities Trust in the fourth quarter worth $1,083,000. Raymond James Financial Inc. bought a new stake in shares of Invesco Municipal Income Opportunities Trust in the fourth quarter worth $973,000. Savvy Advisors Inc. bought a new stake in shares of Invesco Municipal Income Opportunities Trust in the fourth quarter worth $636,000. Nomura Holdings Inc. bought a new stake in shares of Invesco Municipal Income Opportunities Trust in the fourth quarter worth $402,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Invesco Municipal Income Opportunities Trust in the fourth quarter worth $396,000. Institutional investors own 12.57% of the company's stock.

About Invesco Municipal Income Opportunities Trust

(Get Free Report)

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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