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

Invesco Quality Municipal Income Trust (NYSE:IQI) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Monday, August 17th will be paid a dividend of 0.0631 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Monday, August 17th.

Invesco Quality Municipal Income Trust Trading Down 0.1%

IQI opened at $9.86 on Tuesday. Invesco Quality Municipal Income Trust has a 1-year low of $9.26 and a 1-year high of $10.42. The company has a 50 day simple moving average of $10.03 and a two-hundred day simple moving average of $9.97.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in shares of Invesco Quality Municipal Income Trust by 182.6% in the fourth quarter. NewEdge Advisors LLC now owns 403,042 shares of the financial services provider’s stock worth $4,014,000 after buying an additional 260,439 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Invesco Quality Municipal Income Trust by 144.1% during the second quarter. Ameriprise Financial Inc. now owns 311,786 shares of the financial services provider’s stock valued at $2,919,000 after buying an additional 184,049 shares during the last quarter. Guggenheim Capital LLC grew its holdings in Invesco Quality Municipal Income Trust by 15.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,203,595 shares of the financial services provider’s stock valued at $11,988,000 after buying an additional 163,271 shares in the last quarter. Raymond James Financial Inc. increased its stake in Invesco Quality Municipal Income Trust by 7.4% in 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, Cottage Street Advisors LLC raised its holdings in shares of Invesco Quality Municipal Income Trust by 550.0% during the 1st quarter. Cottage Street Advisors LLC now owns 65,000 shares of the financial services provider’s stock worth $625,000 after acquiring an additional 55,000 shares in the last quarter.

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.