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. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, and municipal commercial paper. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was previously known as Morgan Stanley Quality Municipal Income Trust. Invesco Quality Municipal Income Trust was formed on September 29, 1992 and is domiciled in the United States.
Invesco Quality Municipal Income Trust Stock Performance
Shares of IQI Stock remained flat at $10.75 during trading on Friday. The company had a trading volume of 80,871 shares, compared to its average volume of 93,027. The stock has a 50 day moving average price of $10.35 and a 200 day moving average price of $10.85. Invesco Quality Municipal Income Trust has a 1-year low of $9.66 and a 1-year high of $13.85.
Invesco Quality Municipal Income Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be paid a $0.0446 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $0.54 dividend on an annualized basis and a yield of 4.98%.