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

Invmun Incom (NYSE:OIA) announced a monthly dividend on Monday, November 2nd. Investors of record on Monday, November 16th will be paid 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 is Monday, November 16th.

Invmun Incom Trading Down 1.0%

OIA stock opened at $5.78 on Tuesday. Invmun Incom has a 12 month low of $5.09 and a 12 month 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

A number of large investors have recently made changes to their positions in the stock. Susquehanna International Group LLP acquired a new stake in shares of Invmun Incom in the second quarter valued at approximately $102,000. David J Yvars Group purchased a new position in Invmun Incom during the third quarter worth approximately $132,000. Phoenix Wealth Advisors boosted its stake in Invmun Incom by 43.8% during the third quarter. Phoenix Wealth Advisors now owns 28,071 shares of the investment management company’s stock worth $161,000 after buying an additional 8,545 shares during the last quarter. Readystate Asset Management LP acquired a new position in Invmun Incom during the second quarter worth $174,000. Finally, Janney Montgomery Scott LLC boosted its stake in Invmun Incom by 8.0% during the first quarter. Janney Montgomery Scott LLC now owns 62,049 shares of the investment management company’s stock worth $381,000 after buying an additional 4,591 shares during the last quarter. 12.57% of the stock is currently owned by hedge funds and other institutional investors.

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.