Invmun Incom to Issue Monthly Dividend of $0.03 (NYSE:OIA)

Invmun Incom (NYSE:OIA) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Monday, September 14th will be paid a dividend of 0.0291 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, September 14th.

Invmun Incom Stock Performance

Shares of NYSE:OIA opened at $6.00 on Wednesday. Invmun Incom has a 12 month low of $5.66 and a 12 month high of $6.40. The company’s fifty day simple moving average is $6.12 and its 200 day simple moving average is $6.13.

Institutional Trading of Invmun Incom

Hedge funds and other institutional investors have recently modified their holdings of the company. RFG Advisory LLC grew its holdings in shares of Invmun Incom by 10.6% during the first quarter. RFG Advisory LLC now owns 18,199 shares of the investment management company’s stock worth $112,000 after buying an additional 1,740 shares in the last quarter. Royal Bank of Canada raised its position in Invmun Incom by 6.8% in the 1st 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 during the last quarter. Baird Financial Group Inc. lifted its stake in Invmun Incom by 31.9% in the 2nd quarter. Baird Financial Group Inc. now owns 16,555 shares of the investment management company’s stock valued at $95,000 after acquiring an additional 4,000 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Invmun Incom by 8.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 62,049 shares of the investment management company’s stock valued at $381,000 after acquiring an additional 4,591 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position 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 worth $921,000 after acquiring an additional 5,909 shares during the last quarter. Institutional investors and hedge funds 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.