Invesco Quality Municipal Income Trust (NYSE:IQI) Announces $0.06 Monthly Dividend

Invesco Quality Municipal Income Trust (NYSE:IQI) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, July 14th will be paid a dividend of 0.0631 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, July 14th.

Invesco Quality Municipal Income Trust Trading Up 0.2%

NYSE IQI opened at $10.14 on Thursday. Invesco Quality Municipal Income Trust has a 1-year low of $9.06 and a 1-year high of $10.42. The company has a 50 day moving average of $9.89 and a 200-day moving average of $9.95.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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. Guggenheim Capital LLC increased its position in shares of Invesco Quality Municipal Income Trust by 15.7% in the fourth quarter. Guggenheim Capital LLC now owns 1,203,595 shares of the financial services provider’s stock worth $11,988,000 after purchasing an additional 163,271 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Invesco Quality Municipal Income Trust by 6.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 899,854 shares of the financial services provider’s stock valued at $8,963,000 after purchasing an additional 54,740 shares in the last quarter. LPL Financial LLC lifted its position in Invesco Quality Municipal Income Trust by 0.6% during the fourth quarter. LPL Financial LLC now owns 727,096 shares of the financial services provider’s stock worth $7,242,000 after purchasing an additional 4,437 shares during the period. Finally, NewEdge Advisors LLC lifted its position in Invesco Quality Municipal Income Trust by 13.0% during the first quarter. NewEdge Advisors LLC now owns 455,485 shares of the financial services provider’s stock worth $4,382,000 after purchasing an additional 52,443 shares during the period.

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.