Invesco Quality Municipal Income Trust (NYSE:IQI) Major Shareholder Of America Corp /De/ Bank Buys 725 Shares of 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 dated 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 approximately $10,106.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Invesco Quality Municipal Income Trust Price Performance

IQI opened at $9.64 on Friday. The company has a fifty day moving average of $10.08 and a 200 day moving average of $10.12. Invesco Quality Municipal Income Trust has a fifty-two week low of $9.23 and a fifty-two week high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 7.85%.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Several large investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Invesco Quality Municipal Income Trust by 25.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,052,817 shares of the financial services provider’s stock worth $10,991,000 after buying an additional 210,578 shares during the last quarter. Rothschild Investment LLC purchased a new stake in Invesco Quality Municipal Income Trust during the second quarter valued at approximately $1,803,000. JFS Wealth Advisors LLC lifted its stake in shares of Invesco Quality Municipal Income Trust by 1,618.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 143,790 shares of the financial services provider’s stock valued at $1,501,000 after purchasing an additional 135,421 shares during the last quarter. Wealthspire Advisors LLC purchased a new position in shares of Invesco Quality Municipal Income Trust in the 2nd quarter worth approximately $764,000. Finally, Stratos Wealth Advisors LLC increased 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 valued at $2,780,000 after purchasing an additional 66,606 shares during the last quarter.

About Invesco Quality Municipal Income Trust

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.