Invesco Municipal Income Opportunities Trust (OIA) Reaches New 12-Month High Following Dividend Announcement

Invesco Municipal Income Opportunities Trust (NYSE:OIA) shares reached a new 52-week high during trading on Tuesday following a dividend announcement from the company. The company traded as high as $8.15 and last traded at $8.08, with a volume of 88700 shares trading hands. The stock had previously closed at $7.99.

The newly announced dividend which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be given a $0.0344 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.41 dividend on an annualized basis and a yield of 5.05%.

Hedge funds have recently added to or reduced their stakes in the business. Laurion Capital Management LP purchased a new stake in Invesco Municipal Income Opportunities Trust in the 2nd quarter worth approximately $120,000. Cambridge Investment Research Advisors Inc. lifted its position in Invesco Municipal Income Opportunities Trust by 0.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 16,387 shares of the investment management company’s stock worth $127,000 after buying an additional 79 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in Invesco Municipal Income Opportunities Trust in the 2nd quarter worth approximately $190,000. IFP Advisors Inc lifted its position in Invesco Municipal Income Opportunities Trust by 10.7% in the 2nd quarter. IFP Advisors Inc now owns 28,669 shares of the investment management company’s stock worth $222,000 after buying an additional 2,765 shares in the last quarter. Finally, RFG Advisory Group LLC purchased a new stake in Invesco Municipal Income Opportunities Trust in the 2nd quarter worth approximately $251,000. Institutional investors own 6.79% of the company’s stock.

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Invesco Municipal Income Opportunities Trust Company Profile

Invesco Municipal Income Opportunities Trust is a diversified closed-end management investment company. The Trust’s investment objective is to seek to provide current income, which is exempt from federal income tax. It invests primarily in municipal securities rated BB or better by Standard & Poor’s or Ba or better by Moody’s, or if not rated, securities it determines to be of comparable quality at the time of investment.

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