Invesco Quality Municipal Income Trust (NYSE:IQI - Get Free Report) declared a monthly dividend on Wednesday, July 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, July 16th will be given a dividend of 0.0631 per share by the financial services provider on Thursday, July 31st. This represents a $0.76 annualized dividend and a dividend yield of 8.02%. The ex-dividend date is Wednesday, July 16th.
Invesco Quality Municipal Income Trust Stock Performance
Shares of IQI stock traded down $0.02 during mid-day trading on Friday, hitting $9.44. The company's stock had a trading volume of 147,132 shares, compared to its average volume of 175,628. The company's fifty day simple moving average is $9.38 and its 200-day simple moving average is $9.61. Invesco Quality Municipal Income Trust has a 52 week low of $8.86 and a 52 week high of $10.53.
Insider Buying and Selling
In other news, Portfolio Manager Timothy M. O'reilly bought 5,360 shares of the firm's stock in a transaction that occurred on 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 directly owned 5,360 shares of the company's stock, valued at approximately $50,008.80. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Institutional Trading of Invesco Quality Municipal Income Trust
A hedge fund recently raised its stake in Invesco Quality Municipal Income Trust stock. Royal Bank of Canada boosted its position in Invesco Quality Municipal Income Trust (NYSE:IQI - Free Report) by 3.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,022 shares of the financial services provider's stock after buying an additional 6,738 shares during the period. Royal Bank of Canada owned approximately 0.40% of Invesco Quality Municipal Income Trust worth $2,072,000 at the end of the most recent quarter.
About Invesco Quality Municipal Income Trust
(
Get 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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