Invmun Incom (NYSE:OIA) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Invmun Incom (NYSE:OIA) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.02 and traded as high as $6.09. Invmun Incom shares last traded at $6.02, with a volume of 257,208 shares.

Invmun Incom Stock Performance

The business’s 50 day simple moving average is $6.02 and its two-hundred day simple moving average is $5.87.

Invmun Incom Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.0291 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%.

Hedge Funds Weigh In On Invmun Incom

Several hedge funds and other institutional investors have recently bought and sold shares of OIA. NWF Advisory Services Inc. bought a new position in Invmun Incom during the second quarter valued at approximately $70,000. Vista Investment Partners II LLC bought a new position in Invmun Incom in the third quarter valued at about $84,000. Baird Financial Group Inc. boosted its position in 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 worth $95,000 after purchasing an additional 4,000 shares during the last quarter. River Street Advisors LLC bought a new stake in shares of Invmun Incom during the 2nd quarter valued at about $106,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Invmun Incom during the 3rd quarter valued at about $115,000. Institutional investors own 12.57% of the company’s stock.

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.