Invesco Quality Municipal Income Trust (NYSE:IQI) Major Shareholder Buys $10,106.50 in Stock

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

Invesco Quality Municipal Income Trust Stock Performance

Shares of NYSE:IQI remained flat at $9.64 during midday trading on Friday. The company had a trading volume of 175,529 shares, compared to its average volume of 155,113. The stock has a fifty day moving average price of $10.10 and a 200 day moving average price of $10.12. Invesco Quality Municipal Income Trust has a 1 year low of $9.23 and a 1 year high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.0631 per share. 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%.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Several institutional investors and hedge funds have recently modified their holdings of IQI. Hennion & Walsh Asset Management Inc. raised its stake in shares of Invesco Quality Municipal Income Trust by 25.0% in 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 acquiring an additional 210,578 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Invesco Quality Municipal Income Trust in the second quarter valued at approximately $1,803,000. JFS Wealth Advisors LLC grew its holdings in Invesco Quality Municipal Income Trust by 1,618.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 143,790 shares of the financial services provider’s stock worth $1,501,000 after acquiring an additional 135,421 shares in the last quarter. Wealthspire Advisors LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust in the 2nd quarter valued at $764,000. Finally, Stratos Wealth Advisors LLC lifted its position in shares of Invesco Quality Municipal Income Trust by 33.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 266,271 shares of the financial services provider’s stock worth $2,780,000 after purchasing an additional 66,606 shares during the last quarter.

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.