Key Points
- Portfolio manager Jack Connelly sold 3,900 shares of IQI on Jan. 7 at an average price of $10.02 for ~$39,078, cutting his stake by 41.49% to 5,500 shares (valued ~$55,110).
- The trust declared a monthly dividend of $0.0631 payable Jan. 30 (record/ex-dividend date Jan. 15), implying a roughly 7.5% annualized yield.
- IQI recently traded near $10.10, with a 12‑month range of $8.86–$10.14 and 50/200‑day moving averages of $9.99 and $9.74, respectively.
Invesco Quality Municipal Income Trust (NYSE:IQI - Get Free Report) Portfolio Manager Jack Connelly sold 3,900 shares of the business's stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $10.02, for a total transaction of $39,078.00. Following the transaction, the portfolio manager directly owned 5,500 shares of the company's stock, valued at $55,110. The trade was a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Invesco Quality Municipal Income Trust Stock Performance
Shares of Invesco Quality Municipal Income Trust stock opened at $10.10 on Friday. Invesco Quality Municipal Income Trust has a twelve month low of $8.86 and a twelve month high of $10.14. The company's 50 day moving average is $9.99 and its 200 day moving average is $9.74.
Invesco Quality Municipal Income Trust Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a $0.0631 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 7.5%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in Invesco Quality Municipal Income Trust in the 3rd quarter worth approximately $27,000. Farther Finance Advisors LLC purchased a new position in Invesco Quality Municipal Income Trust during the third quarter valued at approximately $69,000. World Investment Advisors bought a new position in shares of Invesco Quality Municipal Income Trust in the third quarter worth approximately $112,000. Olistico Wealth LLC purchased a new stake in shares of Invesco Quality Municipal Income Trust in the second quarter worth $110,000. Finally, Savant Capital LLC bought a new stake in shares of Invesco Quality Municipal Income Trust during the 3rd quarter valued at $132,000.
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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