Invesco Municipal Income Opportunities Trust (NYSE:OIA) Shares Pass Below 200 Day Moving Average – Should You Sell?

Invesco Municipal Income Opportunities Trust (NYSE:OIA) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.48 and traded as low as $5.94. Invesco Municipal Income Opportunities Trust shares last traded at $5.95, with a volume of 347,600 shares changing hands.

Invesco Municipal Income Opportunities Trust Trading Down 0.8 %

The business has a 50-day moving average price of $6.32 and a two-hundred day moving average price of $6.48.

Invesco Municipal Income Opportunities Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.0291 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.35 annualized dividend and a yield of 5.87%.

Hedge Funds Weigh In On Invesco Municipal Income Opportunities Trust

Several hedge funds have recently bought and sold shares of OIA. Creekside Partners bought a new stake in shares of Invesco Municipal Income Opportunities Trust during the 2nd quarter worth approximately $95,000. Sanctuary Advisors LLC bought a new stake in Invesco Municipal Income Opportunities Trust during the second quarter worth $278,000. Farther Finance Advisors LLC boosted its holdings in shares of Invesco Municipal Income Opportunities Trust by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 91,432 shares of the investment management company’s stock valued at $627,000 after purchasing an additional 22,308 shares in the last quarter. Horizon Kinetics Asset Management LLC bought a new position in shares of Invesco Municipal Income Opportunities Trust in the 3rd quarter valued at $137,000. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Invesco Municipal Income Opportunities Trust by 19.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 64,063 shares of the investment management company’s stock worth $439,000 after buying an additional 10,217 shares in the last quarter. 12.57% of the stock is owned by institutional investors.

About Invesco Municipal Income Opportunities Trust

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.