Invesco Quality Municipal Income Trust (NYSE:IQI) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Invesco Quality Municipal Income Trust (NYSE:IQIGet Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.81 and traded as low as $9.55. Invesco Quality Municipal Income Trust shares last traded at $9.5560, with a volume of 208,602 shares changing hands.

Invesco Quality Municipal Income Trust Stock Down 0.7%

The firm’s fifty day moving average is $9.81 and its 200-day moving average is $9.96.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be paid a $0.0631 dividend. The ex-dividend date is Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 7.9%.

Institutional Trading of Invesco Quality Municipal Income Trust

Several large investors have recently made changes to their positions in the company. Raymond James Financial Inc. grew its stake in shares of 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 valued at $12,697,000 after buying an additional 92,863 shares during the period. Guggenheim Capital LLC grew its stake in shares of Invesco Quality Municipal Income Trust by 15.7% in 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 during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Invesco Quality Municipal Income Trust by 6.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 899,854 shares of the financial services provider’s stock valued at $8,963,000 after buying an additional 54,740 shares during the period. LPL Financial LLC grew its stake in shares of Invesco Quality Municipal Income Trust by 0.6% in the 4th quarter. LPL Financial LLC now owns 727,096 shares of the financial services provider’s stock valued at $7,242,000 after buying an additional 4,437 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Invesco Quality Municipal Income Trust by 8.7% in the 4th quarter. Wells Fargo & Company MN now owns 424,481 shares of the financial services provider’s stock valued at $4,228,000 after buying an additional 33,953 shares during the period.

Invesco Quality Municipal Income Trust Company Profile

(Get Free Report)

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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