Invesco Quality Municipal Income Trust (NYSE:IQI – Get Free Report) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Monday, September 14th will be given a dividend of 0.0631 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Monday, September 14th.
Invesco Quality Municipal Income Trust Trading Down 1.1%
Shares of IQI stock opened at $10.01 on Wednesday. The stock has a 50 day moving average of $10.09 and a two-hundred day moving average of $9.97. Invesco Quality Municipal Income Trust has a 12 month low of $9.26 and a 12 month high of $10.42.
Institutional Investors Weigh In On Invesco Quality Municipal Income Trust
Institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust during the 4th quarter valued at about $35,000. International Assets Investment Management LLC bought a new position in Invesco Quality Municipal Income Trust during the fourth quarter worth about $109,000. Mercer Global Advisors Inc. ADV acquired a new stake in Invesco Quality Municipal Income Trust during the fourth quarter valued at approximately $109,000. Steward Partners Investment Advisory LLC grew its stake in shares of Invesco Quality Municipal Income Trust by 13.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,944 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 1,681 shares during the period. Finally, PCM Encore LLC acquired a new position in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $139,000.
Invesco Quality Municipal Income Trust Company Profile
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.
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