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

Invesco Quality Municipal Income Trust (NYSE:IQI) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, July 14th will be given a dividend of 0.0631 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, July 14th.

Invesco Quality Municipal Income Trust Trading Up 0.2%

NYSE:IQI opened at $10.14 on Thursday. Invesco Quality Municipal Income Trust has a 1 year low of $9.06 and a 1 year high of $10.42. The firm has a 50 day moving average of $9.89 and a 200-day moving average of $9.95.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

Several institutional investors have recently bought and sold shares of the business. Alpine Global Management LLC bought a new stake in shares of Invesco Quality Municipal Income Trust during the third quarter worth $1,108,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Invesco Quality Municipal Income Trust by 6.5% in the fourth 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 last quarter. Cottage Street Advisors LLC raised its holdings in shares of Invesco Quality Municipal Income Trust by 550.0% in the first quarter. Cottage Street Advisors LLC now owns 65,000 shares of the financial services provider’s stock valued at $625,000 after buying an additional 55,000 shares during the last quarter. Wells Fargo & Company MN lifted its position in Invesco Quality Municipal Income Trust by 8.7% during the 4th quarter. Wells Fargo & Company MN now owns 424,481 shares of the financial services provider’s stock worth $4,228,000 after buying an additional 33,953 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in Invesco Quality Municipal Income Trust by 3.8% during the 4th quarter. Stifel Financial Corp now owns 204,896 shares of the financial services provider’s stock worth $2,041,000 after buying an additional 7,570 shares in the last quarter.

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.