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

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Invesco Municipal Income Opportunities Trust (NYSE:OIA - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Invesco Municipal Income Opportunities Trust Stock Performance

The business has a 50 day simple moving average of $6.10 and a 200-day simple moving average of $6.36.

Invesco Municipal Income Opportunities Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.0291 per share. The ex-dividend date is Wednesday, April 16th. This represents a $0.35 annualized dividend and a dividend yield of 5.74%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OIA. Signaturefd LLC bought a new position in Invesco Municipal Income Opportunities Trust in the 4th quarter valued at $29,000. Elequin Capital LP bought a new position in Invesco Municipal Income Opportunities Trust during the fourth quarter valued at about $41,000. Ameriflex Group Inc. purchased a new stake in Invesco Municipal Income Opportunities Trust during the fourth quarter worth about $50,000. Cornerstone Wealth Management LLC bought a new stake in Invesco Municipal Income Opportunities Trust in the fourth quarter worth about $65,000. Finally, Virtu Financial LLC purchased a new position in Invesco Municipal Income Opportunities Trust in the third quarter valued at about $72,000. 12.57% of the stock is currently owned by hedge funds and other institutional investors.

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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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