Invesco Quality Municipal Income Trust (NYSE:IQI) to Issue $0.06 Monthly Dividend

Key Points

• Invesco Quality Municipal Income Trust will issue a monthly dividend of $0.06 per share on September 30th, with an ex-dividend date of September 16th, resulting in an 8.0% annualized yield.
• As of the latest trading session, Invesco Quality Municipal Income Trust's stock price is $9.44, showing a decline of $0.01, with a 12-month price range between $8.86 and $10.53.
• Recent significant investments include Ameriprise Financial increasing its stake by 144.1%, demonstrating growing interest from large investors in the fund.

Invesco Quality Municipal Income Trust (NYSE:IQI - Get Free Report) announced a monthly dividend on Wednesday, September 3rd, Wall Street Journal reports. Investors of record on Tuesday, September 16th will be given a dividend of 0.0631 per share by the financial services provider on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Tuesday, September 16th.

Invesco Quality Municipal Income Trust Price Performance

Invesco Quality Municipal Income Trust stock traded down $0.01 during trading hours on Wednesday, hitting $9.44. 177,074 shares of the stock were exchanged, compared to its average volume of 179,187. Invesco Quality Municipal Income Trust has a 12 month low of $8.86 and a 12 month high of $10.53. The business's 50-day moving average is $9.35 and its two-hundred day moving average is $9.47.

Insider Activity at Invesco Quality Municipal Income Trust

In other news, Portfolio Manager Timothy M. O'reilly bought 5,360 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were acquired at an average cost 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 in the company, valued at approximately $50,008.80. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

Large investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in shares of Invesco Quality Municipal Income Trust by 144.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 311,786 shares of the financial services provider's stock valued at $2,919,000 after purchasing an additional 184,049 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Invesco Quality Municipal Income Trust during the 2nd quarter worth approximately $1,098,000. Pathstone Holdings LLC raised its holdings in Invesco Quality Municipal Income Trust by 16.4% in the 4th quarter. Pathstone Holdings LLC now owns 793,819 shares of the financial services provider's stock worth $7,843,000 after acquiring an additional 112,115 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Invesco Quality Municipal Income Trust by 7.4% during the 2nd quarter. Raymond James Financial Inc. now owns 1,353,664 shares of the financial services provider's stock worth $12,697,000 after acquiring an additional 92,863 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in Invesco Quality Municipal Income Trust by 17.3% in the 1st quarter. LPL Financial LLC now owns 592,689 shares of the financial services provider's stock worth $5,737,000 after purchasing an additional 87,535 shares during the period.

Invesco Quality Municipal Income Trust Company 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.

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