Invesco Quality Municipal Income Trust (NYSE:IQI) Portfolio Manager Timothy O'reilly Sells 6,282 Shares of Stock

Key Points

• Portfolio manager Timothy O’Reilly sold 6,282 IQI shares at an average price of $8.87, for total proceeds of approximately $55,721. The transaction was disclosed in an SEC filing.
• IQI shares rose 1.6% to $8.87 but remain below their 50-day and 200-day moving averages, trading within a 12-month range of $8.47 to $10.42.
• The trust announced a monthly dividend of $0.0631, equating to approximately $0.76 annually and an 8.5% yield. Several institutional investors also increased their positions during the second quarter.

Invesco Quality Municipal Income Trust (NYSE:IQI - Get Free Report) Portfolio Manager Timothy O'reilly sold 6,282 shares of the business's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $8.87, for a total transaction of $55,721.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Invesco Quality Municipal Income Trust Trading Up 1.6%

IQI traded up $0.14 on Tuesday, hitting $8.87. The company had a trading volume of 236,550 shares, compared to its average volume of 164,839. The business's fifty day simple moving average is $9.77 and its 200 day simple moving average is $9.86. Invesco Quality Municipal Income Trust has a 12-month low of $8.47 and a 12-month high of $10.42.

Invesco Quality Municipal Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be issued a $0.0631 dividend. This is a positive change from Invesco Quality Municipal Income Trust's previous monthly dividend of $0.0631. The ex-dividend date is Wednesday, October 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.5%.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its position in Invesco Quality Municipal Income Trust by 23.2% in the 2nd quarter. NewEdge Advisors LLC now owns 561,365 shares of the financial services provider's stock valued at $5,681,000 after buying an additional 105,880 shares during the period. IFP Advisors Inc raised its position in Invesco Quality Municipal Income Trust by 47.1% during the 2nd quarter. IFP Advisors Inc now owns 182,631 shares of the financial services provider's stock valued at $1,848,000 after purchasing an additional 58,480 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its holdings in shares of Invesco Quality Municipal Income Trust by 23.5% in the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 25,756 shares of the financial services provider's stock worth $261,000 after buying an additional 4,895 shares during the period. Van ECK Associates Corp grew its position in shares of Invesco Quality Municipal Income Trust by 2.2% during the 2nd quarter. Van ECK Associates Corp now owns 351,096 shares of the financial services provider's stock worth $3,553,000 after buying an additional 7,574 shares in the last quarter. Finally, Equitable Holdings Inc. purchased a new position in shares of Invesco Quality Municipal Income Trust during the second quarter valued at $172,000.

Invesco Quality Municipal Income Trust Company Profile

Invesco Quality Municipal Income Trust NYSE: IQI is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, cities, counties and other governmental entities in the United States.

The trust's portfolio may include investment-grade and below-investment-grade municipal bonds, subject to the fund's investment policies and risk considerations. These securities can finance public projects and essential services such as transportation, education, utilities, health care and other infrastructure.

Invesco Quality Municipal Income Trust is managed by Invesco Advisers, Inc, an investment adviser within Invesco Ltd.

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