Invesco Ltd. decreased its position in Invesco Quality Municipal Income Trust (NYSE:IQI - Free Report) by 25.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,277 shares of the financial services provider's stock after selling 39,317 shares during the quarter. Invesco Ltd. owned 0.21% of Invesco Quality Municipal Income Trust worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in IQI. Sound Income Strategies LLC increased its stake in Invesco Quality Municipal Income Trust by 58.1% in the 1st quarter. Sound Income Strategies LLC now owns 3,198 shares of the financial services provider's stock worth $31,000 after acquiring an additional 1,175 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Invesco Quality Municipal Income Trust in the 1st quarter worth approximately $148,000. Nomura Holdings Inc. bought a new stake in Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $158,000. Baird Financial Group Inc. bought a new stake in Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $175,000. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of Invesco Quality Municipal Income Trust by 62.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 24,712 shares of the financial services provider's stock worth $239,000 after purchasing an additional 9,528 shares during the period.
Invesco Quality Municipal Income Trust Price Performance
Shares of Invesco Quality Municipal Income Trust stock traded up $0.04 on Friday, reaching $9.55. The company had a trading volume of 621,639 shares, compared to its average volume of 182,754. The firm's 50-day moving average price is $9.36 and its two-hundred day moving average price is $9.47. Invesco Quality Municipal Income Trust has a 1 year low of $8.86 and a 1 year high of $10.53.
Invesco Quality Municipal Income Trust Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.0631 dividend. The ex-dividend date is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%.
Insider Activity at Invesco Quality Municipal Income Trust
In related news, Portfolio Manager Timothy M. O'reilly bought 5,360 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was purchased at an average price of $9.33 per share, for a total transaction of $50,008.80. Following the acquisition, the portfolio manager owned 5,360 shares in the company, valued at $50,008.80. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Invesco Quality Municipal Income Trust Profile
(
Free Report)
Invesco Quality Municipal Income 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.
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