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

Invesco Quality Municipal Income Trust (NYSE:IQI) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Monday, March 16th will be paid a dividend of 0.0631 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Monday, March 16th.

Invesco Quality Municipal Income Trust Stock Performance

Shares of IQI stock opened at $10.02 on Friday. Invesco Quality Municipal Income Trust has a 52-week low of $8.86 and a 52-week high of $10.42. The firm has a fifty day moving average of $10.10 and a 200-day moving average of $9.97.

Insider Buying and Selling at Invesco Quality Municipal Income Trust

In related news, Portfolio Manager Jack Connelly sold 3,900 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $10.02, for a total value of $39,078.00. Following the sale, the portfolio manager owned 5,500 shares of the company’s stock, valued at $55,110. The trade was a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quent Capital LLC bought a new position in Invesco Quality Municipal Income Trust during the third quarter worth about $27,000. Kestra Advisory Services LLC bought a new stake in shares of Invesco Quality Municipal Income Trust in the 4th quarter valued at approximately $35,000. Farther Finance Advisors LLC bought a new stake in shares of Invesco Quality Municipal Income Trust in the 3rd quarter valued at approximately $69,000. Cottage Street Advisors LLC acquired a new position in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $100,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $109,000.

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.