Invesco Quality Municipal Income Trust (NYSE:IQI - Get Free Report) Portfolio Manager Timothy M. O'reilly acquired 5,360 shares of the stock in a transaction dated Tuesday, June 24th. The stock was acquired at an average cost of $9.33 per share, with a total value of $50,008.80. Following the transaction, the portfolio manager now owns 5,360 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website.
Invesco Quality Municipal Income Trust Price Performance
Invesco Quality Municipal Income Trust stock traded down $0.02 during midday trading on Friday, reaching $9.33. The stock had a trading volume of 168,214 shares, compared to its average volume of 174,196. Invesco Quality Municipal Income Trust has a twelve month low of $8.86 and a twelve month high of $10.53. The stock's 50-day simple moving average is $9.36 and its 200 day simple moving average is $9.63.
Invesco Quality Municipal Income Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $0.0631 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date is Tuesday, June 17th.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Invesco Quality Municipal Income Trust during the fourth quarter worth about $11,965,000. LPL Financial LLC lifted its stake in shares of Invesco Quality Municipal Income Trust by 198.7% during the fourth quarter. LPL Financial LLC now owns 505,154 shares of the financial services provider's stock worth $4,981,000 after purchasing an additional 336,042 shares in the last quarter. CF Capital LLC acquired a new position in shares of Invesco Quality Municipal Income Trust during the fourth quarter worth about $1,419,000. Pathstone Holdings LLC lifted its stake in shares of Invesco Quality Municipal Income Trust by 16.4% during the fourth quarter. Pathstone Holdings LLC now owns 793,819 shares of the financial services provider's stock worth $7,843,000 after purchasing an additional 112,115 shares in the last quarter. Finally, Independent Advisor Alliance acquired a new position in shares of Invesco Quality Municipal Income Trust during the fourth quarter worth about $627,000.
About Invesco Quality Municipal Income Trust
(
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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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