Insider Selling: Invesco Quality Municipal Income Trust (NYSE:IQI) Portfolio Manager Sells 3,900 Shares of Stock

Invesco Quality Municipal Income Trust (NYSE:IQI) Portfolio Manager Jack Connelly sold 3,900 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $10.02, for a total value of $39,078.00. Following the completion of the transaction, the portfolio manager owned 5,500 shares in the company, valued at approximately $55,110. This represents a 41.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Invesco Quality Municipal Income Trust Stock Performance

Shares of IQI traded up $0.08 on Friday, reaching $10.09. 99,972 shares of the company’s stock traded hands, compared to its average volume of 138,952. The stock’s 50 day simple moving average is $9.99 and its two-hundred day simple moving average is $9.73. Invesco Quality Municipal Income Trust has a 52-week low of $8.86 and a 52-week high of $10.14.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $0.0631 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 7.5%.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

A number of large investors have recently made changes to their positions in the stock. Quent Capital LLC bought a new position in shares of Invesco Quality Municipal Income Trust during the 3rd quarter valued at $27,000. Farther Finance Advisors LLC bought a new position in shares of Invesco Quality Municipal Income Trust during the third quarter valued at about $69,000. Olistico Wealth LLC bought a new position in shares of Invesco Quality Municipal Income Trust during the second quarter valued at about $110,000. World Investment Advisors purchased a new position in shares of Invesco Quality Municipal Income Trust in the third quarter worth about $112,000. Finally, Savant Capital LLC bought a new stake in shares of Invesco Quality Municipal Income Trust in the 3rd quarter valued at about $132,000.

About Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust (NYSE: IQI) is a closed-end management investment company listed on the New York Stock Exchange. Managed by Invesco Advisers, Inc, the fund’s primary objective is to provide investors with a high level of current income that is exempt from federal income taxes. To achieve this, the trust invests predominantly in investment-grade municipal securities issued by U.S. states, municipalities, and their agencies.

The portfolio holds a diversified blend of municipal bonds, including general obligation bonds, revenue bonds, and other tax-exempt obligations.