IFP Advisors Inc Acquires 10,341 Shares of Invesco Municipal Income Opp Trust (OIA)

IFP Advisors Inc boosted its holdings in shares of Invesco Municipal Income Opp Trust (NYSE:OIA) by 27.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 48,547 shares of the investment management company’s stock after acquiring an additional 10,341 shares during the quarter. IFP Advisors Inc’s holdings in Invesco Municipal Income Opp Trust were worth $373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Amarillo National Bank bought a new position in shares of Invesco Municipal Income Opp Trust during the third quarter valued at $101,000. RFG Advisory Group LLC bought a new position in shares of Invesco Municipal Income Opp Trust during the second quarter valued at $136,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco Municipal Income Opp Trust by 3,665.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 30,389 shares of the investment management company’s stock valued at $229,000 after acquiring an additional 29,582 shares during the period. LPL Financial LLC lifted its holdings in shares of Invesco Municipal Income Opp Trust by 137.5% during the first quarter. LPL Financial LLC now owns 32,506 shares of the investment management company’s stock valued at $241,000 after acquiring an additional 18,818 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Invesco Municipal Income Opp Trust by 23.8% during the second quarter. Raymond James & Associates now owns 44,832 shares of the investment management company’s stock valued at $338,000 after acquiring an additional 8,632 shares during the period. Hedge funds and other institutional investors own 5.84% of the company’s stock.

Shares of NYSE OIA opened at $7.26 on Tuesday. Invesco Municipal Income Opp Trust has a 52-week low of $7.23 and a 52-week high of $8.25.

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 30th. Shareholders of record on Tuesday, November 13th will be issued a dividend of $0.0328 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 5.42%.

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Invesco Municipal Income Opp Trust 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.

Further Reading: What is a bull market?

Want to see what other hedge funds are holding OIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Municipal Income Opp Trust (NYSE:OIA).

Institutional Ownership by Quarter for Invesco Municipal Income Opp Trust (NYSE:OIA)

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