Midwest Trust Co has acquired a new stake in Invmun Income (NYSE: OIA), investing approximately $247,000 during the second quarter of 2024. This investment involved the purchase of 43,009 shares of the investment management company, according to the firm’s recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently adjusted their positions in Invmun Income. Notably, Envestnet Asset Management Inc. significantly increased its stake by 374.3% in the first quarter, now holding 87,346 shares valued at around $526,000 after acquiring an additional 68,932 shares.
Meanwhile, Avantax Advisory Services Inc. boosted its holdings by 8.4%, bringing its total to 78,962 shares worth approximately $475,000 after adding 6,145 shares during the same period. Arkadios Wealth Advisors entered the scene with a new investment valued at $139,000, while PNC Financial Services Group Inc. raised its stake by 7.7%, now owning 24,210 shares valued at $146,000 after purchasing an additional 1,725 shares.
Additionally, Atria Wealth Solutions Inc. expanded its position by a remarkable 46.5%, resulting in ownership of 25,861 shares valued at $156,000 after acquiring 8,210 shares. Collectively, institutional investors and hedge funds now control 12.57% of Invmun Income’s stock.
As of the latest trading session, Invmun Income shares opened at $5.99, experiencing a slight decline of 0.3%. The stock’s performance reflects a 50-day simple moving average of $6.02 and a 200-day simple moving average of $5.81. The stock’s 52-week range has seen a low of $5.43 and a high of $6.70.
Invesco Municipal Income Opportunities Trust, the entity behind Invmun Income, is a closed-ended fixed income mutual fund launched by Invesco Ltd.. The fund is co-managed by multiple branches of Invesco, including Invesco Advisers, Inc. and Invesco Asset Management Limited, among others.
For those interested in tracking further developments regarding Invmun Income, including hedge fund holdings and recent trades, resources like HoldingsChannel.com provide updated insights and access to the latest SEC filings.
