Invesco Quality Municipal Income Trust (IQI) To Go Ex-Dividend on January 15th

Invesco Quality Municipal Income Trust (NYSE:IQI) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of 0.0631 per share by the financial services provider on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Thursday, January 15th.

Invesco Quality Municipal Income Trust Price Performance

NYSE:IQI opened at $10.10 on Tuesday. Invesco Quality Municipal Income Trust has a 12-month low of $8.86 and a 12-month high of $10.14. The firm has a 50-day moving average price of $9.99 and a 200 day moving average price of $9.75.

Insider Activity

In related news, Portfolio Manager Jack Connelly sold 3,900 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $10.02, for a total value of $39,078.00. Following the sale, the portfolio manager owned 5,500 shares of the company’s stock, valued at $55,110. The trade was a 41.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Invesco Quality Municipal Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. bought a new position in shares of Invesco Quality Municipal Income Trust in the second quarter worth about $1,098,000. Hennion & Walsh Asset Management Inc. raised its position in Invesco Quality Municipal Income Trust by 46.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 845,114 shares of the financial services provider’s stock worth $8,324,000 after purchasing an additional 268,480 shares during the last quarter. Riverbridge Partners LLC raised its position in Invesco Quality Municipal Income Trust by 4.5% in the 2nd quarter. Riverbridge Partners LLC now owns 44,873 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 1,921 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in Invesco Quality Municipal Income Trust by 126.4% during the 2nd quarter. Centaurus Financial Inc. now owns 98,412 shares of the financial services provider’s stock worth $923,000 after buying an additional 54,950 shares in the last quarter. Finally, River Street Advisors LLC bought a new position in Invesco Quality Municipal Income Trust in the 2nd quarter valued at $143,000.

About Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust (NYSE: IQI) is a closed-end management investment company listed on the New York Stock Exchange. Managed by Invesco Advisers, Inc, the fund’s primary objective is to provide investors with a high level of current income that is exempt from federal income taxes. To achieve this, the trust invests predominantly in investment-grade municipal securities issued by U.S. states, municipalities, and their agencies.

The portfolio holds a diversified blend of municipal bonds, including general obligation bonds, revenue bonds, and other tax-exempt obligations.