Invesco Quality Municipal Income Trust (NYSE:IQI) Short Interest Update

Invesco Quality Municipal Income Trust (NYSE:IQI) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 121,912 shares, a growth of 45.6% from the February 26th total of 83,739 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 94,067 shares, the short-interest ratio is currently 1.3 days.

Invesco Quality Municipal Income Trust Trading Down 0.8%

Shares of IQI traded down $0.08 during midday trading on Friday, hitting $9.40. 243,387 shares of the stock were exchanged, compared to its average volume of 136,267. Invesco Quality Municipal Income Trust has a 52-week low of $8.86 and a 52-week high of $10.42. The stock has a fifty day simple moving average of $10.04 and a 200 day simple moving average of $10.00.

Invesco Quality Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.0631 per share. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Monday, March 16th.

Insiders Place Their Bets

In related news, Portfolio Manager Jack Connelly sold 3,900 shares of Invesco Quality Municipal Income Trust stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $10.02, for a total value of $39,078.00. Following the completion of the sale, the portfolio manager owned 5,500 shares in the company, valued at approximately $55,110. This trade represents a 41.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Invesco Quality Municipal Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Wealth Management LLC boosted its stake in shares of Invesco Quality Municipal Income Trust by 7.5% in the fourth quarter. Cornerstone Wealth Management LLC now owns 15,339 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 1,070 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Invesco Quality Municipal Income Trust by 13.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,944 shares of the financial services provider’s stock worth $139,000 after buying an additional 1,681 shares during the period. Compound Planning Inc. increased its stake in Invesco Quality Municipal Income Trust by 10.2% during the 3rd quarter. Compound Planning Inc. now owns 22,010 shares of the financial services provider’s stock worth $217,000 after buying an additional 2,045 shares during the period. HighTower Advisors LLC lifted its holdings in Invesco Quality Municipal Income Trust by 20.1% during the 4th quarter. HighTower Advisors LLC now owns 14,884 shares of the financial services provider’s stock worth $148,000 after buying an additional 2,492 shares in the last quarter. Finally, Quent Capital LLC purchased a new position in Invesco Quality Municipal Income Trust in the 3rd quarter valued at approximately $27,000.

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.