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Invesco Municipal Income Opportunities Closed Fund Class Common (OIA)
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Upturn Advisory Summary
02/24/2026: OIA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 269.85M USD | Price to earnings Ratio 15.3 | 1Y Target Price - |
Price to earnings Ratio 15.3 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.85 | 52 Weeks Range 5.43 - 6.99 | Updated Date 06/29/2025 |
52 Weeks Range 5.43 - 6.99 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 6.17% | Basic EPS (TTM) 0.37 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 78.37% | Operating Margin (TTM) 88.04% |
Management Effectiveness
Return on Assets (TTM) 2.75% | Return on Equity (TTM) 5.69% |
Valuation
Trailing PE 15.3 | Forward PE - | Enterprise Value 389351136 | Price to Sales(TTM) 12.14 |
Enterprise Value 389351136 | Price to Sales(TTM) 12.14 | ||
Enterprise Value to Revenue 22 | Enterprise Value to EBITDA - | Shares Outstanding 47676800 | Shares Floating - |
Shares Outstanding 47676800 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 16.31 |
Upturn AI SWOT
Invesco Municipal Income Opportunities Closed Fund Class Common
Company Overview
History and Background
The Invesco Municipal Income Opportunities Closed Fund (AMV) is a closed-end investment fund. It was established to invest in a diversified portfolio of municipal bonds, aiming to provide current income that is exempt from federal income taxes. As a closed-end fund, it has a fixed number of shares that trade on an exchange, and its price can fluctuate based on market supply and demand, potentially trading at a premium or discount to its net asset value (NAV). The fund's evolution involves its ongoing management by Invesco, a global investment management company, with adjustments to its portfolio strategy based on prevailing market conditions and interest rate environments.
Core Business Areas
- Municipal Bond Investing: The primary business of Invesco Municipal Income Opportunities Closed Fund is investing in a diversified portfolio of municipal securities. These securities are issued by state and local governments and their agencies to finance public projects. The fund aims to generate tax-exempt income for its shareholders.
Leadership and Structure
The fund is managed by Invesco Capital Management LLC, a subsidiary of Invesco Ltd. The portfolio management team responsible for the fund's investment decisions includes experienced municipal bond analysts and portfolio managers. The fund operates as a closed-end investment company.
Top Products and Market Share
Key Offerings
- Description: A closed-end fund investing in a diversified portfolio of municipal bonds, seeking to provide tax-exempt income. The fund's market share is a segment of the broader municipal bond closed-end fund market. Competitors include other closed-end municipal bond funds from asset managers like BlackRock, PIMCO, Nuveen, and Franklin Templeton, as well as actively managed open-end municipal bond ETFs and mutual funds.
- Product Name: Invesco Municipal Income Opportunities Closed Fund (AMV)
Market Dynamics
Industry Overview
The municipal bond market is a significant segment of the fixed-income landscape, driven by the financing needs of state and local governments. Factors influencing this market include interest rate movements, inflation, the credit quality of issuers, and tax policy changes. The closed-end fund structure offers a fixed capital base for managers but can lead to trading at premiums or discounts to NAV.
Positioning
Invesco Municipal Income Opportunities Closed Fund is positioned as a vehicle for investors seeking tax-exempt income from a professionally managed portfolio of municipal bonds. Its positioning is within the niche of closed-end municipal bond funds, competing for investor capital with other similar offerings and alternative tax-advantaged investment strategies.
Total Addressable Market (TAM)
The TAM for municipal bonds is substantial, encompassing trillions of dollars in outstanding debt. The TAM for closed-end municipal bond funds is a fraction of this, representing the portion of the municipal bond market accessible through this specific investment structure. Invesco Municipal Income Opportunities Closed Fund aims to capture a share of this TAM by offering competitive yields and effective portfolio management.
Upturn SWOT Analysis
Strengths
- Access to a diversified portfolio of municipal bonds.
- Potential for tax-exempt income generation.
- Professional management by Invesco.
- Closed-end structure can provide stable capital for long-term investing.
Weaknesses
- Vulnerability to interest rate risk.
- Credit risk associated with municipal issuers.
- Potential for trading at a discount to NAV.
- Limited liquidity compared to open-end funds or ETFs.
Opportunities
- Rising interest rates could lead to higher yields on new municipal bond purchases.
- Investor demand for tax-advantaged income sources.
- Potential for active management to identify undervalued municipal securities.
Threats
- Interest rate hikes that devalue existing bond holdings.
- Deterioration of municipal issuer credit quality.
- Changes in tax laws that reduce the attractiveness of tax-exempt income.
- Increased competition from other fixed-income products.
Competitors and Market Share
Key Competitors
- Nuveen Municipal Value Fund (NMV)
- BlackRock Municipal 2020 Term Trust (BKN)
- PIMCO High Income Fund (PHK)
- Franklin Templeton Municipal Investments (FTM)
Competitive Landscape
Invesco Municipal Income Opportunities Closed Fund competes with other closed-end funds focused on municipal bonds based on factors like yield, discount/premium to NAV, management fees, and investment strategy. Its advantages lie in Invesco's established reputation and expertise, while disadvantages could arise from a less attractive discount or lower yield compared to peers.
Growth Trajectory and Initiatives
Historical Growth: Growth for a closed-end fund is generally reflected in the growth of its NAV and its ability to maintain or increase distributions over time. This is influenced by market performance and management's ability to generate income and capital appreciation.
Future Projections: Future projections for a closed-end fund are highly dependent on market outlook for municipal bonds, interest rate expectations, and the fund's management strategy. Analyst estimates might focus on potential NAV growth and distribution sustainability.
Recent Initiatives: Invesco may undertake portfolio adjustments, changes in leverage, or rights offerings as strategic initiatives for the fund, depending on market conditions and the fund's objectives.
Summary
Invesco Municipal Income Opportunities Closed Fund (AMV) operates in the municipal bond market, seeking to provide tax-exempt income. Its strengths lie in diversified holdings and professional management. However, it faces risks from interest rate sensitivity, credit quality, and potential trading at discounts. Opportunities exist in investor demand for tax-advantaged income, while threats include rising rates and credit deterioration. Careful consideration of its discount/premium to NAV and distribution sustainability is crucial for investors.
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Sources and Disclaimers
Data Sources:
- Invesco official fund filings and reports.
- Financial data aggregators (e.g., Morningstar, Bloomberg, Refinitiv).
- Industry analysis reports.
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute investment advice. Performance data is historical and not indicative of future results. Investors should consult with a financial advisor before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco Municipal Income Opportunities Closed Fund Class Common
Exchange NYSE | Headquaters Atlanta, GA, United States | ||
IPO Launch date 1988-10-05 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
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. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds rated BB or better by Standard & Poor's or Ba or better by Moody's. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was previously known as Morgan Stanley Municipal Income Opportunities Trust. Invesco Municipal Income Opportunities Trust was formed on September 19, 1988 and is domiciled in the United States.
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