Of America Corp /De/ Bank Acquires 725 Shares of Invesco Quality Municipal Income Trust (NYSE:IQI) Stock

Invesco Quality Municipal Income Trust (NYSE:IQI) major shareholder Of America Corp /De/ Bank acquired 725 shares of the company’s stock in a transaction dated Tuesday, April 24th. The stock was acquired at an average price of $13.94 per share, for a total transaction of $10,106.50. Following the completion of the purchase, the insider now directly owns 725 shares of the company’s stock, valued at $10,106.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Invesco Quality Municipal Income Trust Price Performance

IQI opened at $9.64 on Monday. The stock’s 50 day moving average price is $10.08 and its two-hundred day moving average price is $10.13. Invesco Quality Municipal Income Trust has a 12-month low of $9.23 and a 12-month high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.0631 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.76 annualized dividend and a dividend yield of 7.85%.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rivernorth Capital Management LLC boosted its holdings in Invesco Quality Municipal Income Trust by 1.9% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,372,415 shares of the financial services provider’s stock valued at $14,328,000 after purchasing an additional 25,143 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of Invesco Quality Municipal Income Trust by 25.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,052,817 shares of the financial services provider’s stock valued at $10,991,000 after buying an additional 210,578 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Invesco Quality Municipal Income Trust by 3.4% in the second quarter. Raymond James & Associates now owns 761,804 shares of the financial services provider’s stock valued at $7,557,000 after buying an additional 24,912 shares during the period. Stratos Wealth Advisors LLC grew its position in Invesco Quality Municipal Income Trust by 33.4% during the third quarter. Stratos Wealth Advisors LLC now owns 266,271 shares of the financial services provider’s stock worth $2,780,000 after buying an additional 66,606 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in Invesco Quality Municipal Income Trust during the second quarter valued at about $1,803,000.

Invesco Quality Municipal Income Trust Company Profile

Invesco Quality Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.