Invmun Incom (NYSE:OIA) Share Price Passes Below 200-Day Moving Average – Here’s Why

Invmun Incom (NYSE:OIA)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.13 and traded as low as $6.04. Invmun Incom shares last traded at $6.06, with a volume of 178,815 shares changing hands.

Invmun Incom Stock Up 0.2%

The firm’s 50 day moving average is $6.11 and its two-hundred day moving average is $6.13.

Invmun Incom Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0291 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 5.8%.

Hedge Funds Weigh In On Invmun Incom

Several hedge funds and other institutional investors have recently made changes to their positions in OIA. Royal Bank of Canada grew its stake in shares of Invmun Incom by 6.8% in the first quarter. Royal Bank of Canada now owns 50,167 shares of the investment management company’s stock valued at $302,000 after buying an additional 3,210 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Invmun Incom by 31.9% in the second quarter. Baird Financial Group Inc. now owns 16,555 shares of the investment management company’s stock valued at $95,000 after buying an additional 4,000 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Invmun Incom by 3.8% during the 2nd quarter. Raymond James Financial Inc. now owns 160,207 shares of the investment management company’s stock valued at $921,000 after purchasing an additional 5,909 shares during the last quarter. Jane Street Group LLC acquired a new stake in Invmun Incom during the 2nd quarter valued at $195,000. Finally, Bank of America Corp DE lifted its holdings in Invmun Incom by 2.6% during the 2nd quarter. Bank of America Corp DE now owns 902,189 shares of the investment management company’s stock valued at $5,188,000 after purchasing an additional 23,267 shares during the last quarter. 12.57% of the stock is owned by institutional investors.

Invmun Incom 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. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds rated BB or better by Standard & Poor's or Ba or better by Moody's.