Nuveen LLC Makes New $538,000 Investment in Invesco Quality Municipal Income Trust $IQI

Key Points

• Nuveen LLC has acquired a new position in Invesco Quality Municipal Income Trust, purchasing 55,560 shares valued at approximately $538,000, which represents about 0.11% of the trust.
• The trust recently announced a monthly dividend of $0.0631 per share, with an 8.0% annualized yield, to be paid on September 30 to stockholders of record as of September 16.
• Invesco Quality Municipal Income Trust's stock price stands at $9.50, with a twelve-month range of $8.86 to $10.53, indicating a slight increase of 0.3% recently.

Nuveen LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust (NYSE:IQI - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 55,560 shares of the financial services provider's stock, valued at approximately $538,000. Nuveen LLC owned approximately 0.11% of Invesco Quality Municipal Income Trust at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IQI. Sound Income Strategies LLC boosted its holdings in Invesco Quality Municipal Income Trust by 58.1% during the first quarter. Sound Income Strategies LLC now owns 3,198 shares of the financial services provider's stock worth $31,000 after purchasing an additional 1,175 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Invesco Quality Municipal Income Trust during the 1st quarter worth approximately $148,000. Nomura Holdings Inc. purchased a new position in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $158,000. Baird Financial Group Inc. purchased a new stake in shares of Invesco Quality Municipal Income Trust during the fourth quarter valued at approximately $175,000. Finally, Concurrent Investment Advisors LLC increased its position in shares of Invesco Quality Municipal Income Trust by 62.8% during the first quarter. Concurrent Investment Advisors LLC now owns 24,712 shares of the financial services provider's stock valued at $239,000 after acquiring an additional 9,528 shares during the last quarter.

Insider Transactions at Invesco Quality Municipal Income Trust

In related news, Portfolio Manager Timothy M. O'reilly acquired 5,360 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was acquired at an average price of $9.33 per share, for a total transaction of $50,008.80. Following the completion of the acquisition, the portfolio manager owned 5,360 shares of the company's stock, valued at approximately $50,008.80. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Invesco Quality Municipal Income Trust Stock Up 1.1%

IQI stock traded up $0.11 during midday trading on Wednesday, hitting $9.85. The company's stock had a trading volume of 233,644 shares, compared to its average volume of 226,778. The stock's 50-day moving average price is $9.38 and its 200 day moving average price is $9.46. 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 declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.0631 per share. The ex-dividend date is Tuesday, September 16th. This represents a c) annualized dividend and a yield of 7.7%.

Invesco Quality Municipal Income Trust Profile

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.