IFP Advisors Inc reduced its holdings in shares of Invesco Municipal Income Opp Trust (NYSE:OIA) by 63.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,985 shares of the investment management company’s stock after selling 30,562 shares during the period. IFP Advisors Inc’s holdings in Invesco Municipal Income Opp Trust were worth $123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. purchased a new stake in Invesco Municipal Income Opp Trust during the third quarter worth approximately $1,155,000. Rehmann Capital Advisory Group grew its stake in Invesco Municipal Income Opp Trust by 668.0% during the third quarter. Rehmann Capital Advisory Group now owns 85,386 shares of the investment management company’s stock worth $11,118,000 after buying an additional 74,268 shares during the period. MML Investors Services LLC grew its stake in Invesco Municipal Income Opp Trust by 32.2% during the third quarter. MML Investors Services LLC now owns 71,371 shares of the investment management company’s stock worth $548,000 after buying an additional 17,365 shares during the period. Raymond James & Associates grew its stake in 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 worth $338,000 after buying an additional 8,632 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Invesco Municipal Income Opp Trust during the third quarter worth approximately $130,000. Institutional investors own 6.11% of the company’s stock.

NYSE OIA opened at $7.66 on Friday. Invesco Municipal Income Opp Trust has a 52 week low of $6.85 and a 52 week high of $8.09.

The company also recently announced a monthly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Wednesday, February 13th will be given a dividend of $0.0328 per share. The ex-dividend date is Tuesday, February 12th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 5.14%.

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About Invesco Municipal Income Opp 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.

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

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