Invesco Quality Municipal Income Trust (NYSE:IQI) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Invesco Quality Municipal Income Trust (NYSE:IQI) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.94 and traded as low as $9.81. Invesco Quality Municipal Income Trust shares last traded at $9.86, with a volume of 79,358 shares changing hands.

Invesco Quality Municipal Income Trust Trading Up 0.2%

The stock has a fifty day simple moving average of $9.92 and a two-hundred day simple moving average of $9.98.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 14th will be given a dividend of $0.0631 per share. The ex-dividend date is Tuesday, April 14th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in shares of Invesco Quality Municipal Income Trust by 3.3% during the 1st quarter. Royal Bank of Canada now owns 214,022 shares of the financial services provider’s stock worth $2,072,000 after buying an additional 6,738 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Invesco Quality Municipal Income Trust by 23.7% in the 1st quarter. NewEdge Advisors LLC now owns 112,245 shares of the financial services provider’s stock valued at $1,087,000 after acquiring an additional 21,515 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Invesco Quality Municipal Income Trust by 7.4% during the 2nd quarter. Raymond James Financial Inc. now owns 1,353,664 shares of the financial services provider’s stock valued at $12,697,000 after acquiring an additional 92,863 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Invesco Quality Municipal Income Trust by 144.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 311,786 shares of the financial services provider’s stock valued at $2,919,000 after acquiring an additional 184,049 shares during the period. Finally, Bank of America Corp DE boosted its stake in Invesco Quality Municipal Income Trust by 149.7% during the second quarter. Bank of America Corp DE now owns 47,922 shares of the financial services provider’s stock worth $450,000 after acquiring an additional 28,732 shares in the last quarter.

Invesco Quality Municipal Income Trust Company Profile

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.