Invmun Incom (NYSE:OIA) Shareholders to Collect $0.03 Monthly Dividend

Invmun Incom (NYSE:OIA) announced a monthly dividend on Monday, November 2nd. Shareholders of record on Monday, November 16th will be given a dividend of $0.0291 per share by the investment management company on Monday, November 30th. This represents a $0.35 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Monday, November 16th.

Invmun Incom Stock Down 1.0%

OIA stock opened at $5.78 on Tuesday. Invmun Incom has a one year low of $5.09 and a one year high of $6.40. The firm has a 50-day moving average of $5.78 and a two-hundred day moving average of $6.06.

Institutional Investors Weigh In On Invmun Incom

Several hedge funds have recently made changes to their positions in OIA. Phoenix Wealth Advisors lifted its holdings in shares of Invmun Incom by 43.8% in the third quarter. Phoenix Wealth Advisors now owns 28,071 shares of the investment management company’s stock valued at $161,000 after purchasing an additional 8,545 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Invmun Incom by 2.4% in the third quarter. Commonwealth Equity Services LLC now owns 265,379 shares of the investment management company’s stock worth $1,521,000 after buying an additional 6,273 shares during the period. David J Yvars Group purchased a new position in shares of Invmun Incom during the third quarter valued at $132,000. NewEdge Advisors LLC grew its holdings in shares of Invmun Incom by 85.2% during the second quarter. NewEdge Advisors LLC now owns 99,451 shares of the investment management company’s stock valued at $618,000 after buying an additional 45,739 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new position in Invmun Incom during the second quarter valued at $174,000. Hedge funds and other institutional investors own 12.57% of the company’s stock.

Invmun Incom Company Profile

Invesco Municipal Income Opportunities Trust (NYSE: OIA) is a closed-end investment company managed by Invesco Ltd. The trust seeks to provide a high level of current income that is exempt from regular federal income tax by investing primarily in municipal securities.

Its portfolio may include bonds and other debt obligations issued by states, municipalities, public authorities and related entities. These securities generally finance public-purpose projects and services such as education, transportation, utilities, health care and other civic infrastructure.