Key Points
- Portfolio Manager Timothy O’Reilly sold 6,282 IQI shares at an average price of $8.87, totaling $55,721.34; the transaction was disclosed in an SEC filing.
- IQI shares opened at $8.90 and remain below their 12-month high of $10.42, while the trust declared a monthly dividend of $0.0631, equivalent to approximately $0.76 annually and an 8.5% yield.
- Several institutional investors and hedge funds recently increased or initiated positions in IQI, including Kercheville Advisors, Fortitude Advisory Group, and Equitable Holdings.
Invesco Quality Municipal Income Trust (NYSE:IQI - Get Free Report) Portfolio Manager Timothy O'reilly sold 6,282 shares of the firm's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $8.87, for a total transaction of $55,721.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Invesco Quality Municipal Income Trust Trading Up 2.0%
Invesco Quality Municipal Income Trust stock opened at $8.90 on Wednesday. Invesco Quality Municipal Income Trust has a 12-month low of $8.47 and a 12-month high of $10.42. The firm's fifty day moving average is $9.75 and its 200 day moving average is $9.85.
Invesco Quality Municipal Income Trust Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be paid a $0.0631 dividend. This represents a $0.76 annualized dividend and a yield of 8.5%. This is an increase from Invesco Quality Municipal Income Trust's previous monthly dividend of $0.0631. The ex-dividend date of this dividend is Wednesday, October 14th.
Hedge Funds Weigh In On Invesco Quality Municipal Income Trust
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Equitable Holdings Inc. acquired a new stake in shares of Invesco Quality Municipal Income Trust in the 2nd quarter valued at about $172,000. Kercheville Advisors LLC increased its position in Invesco Quality Municipal Income Trust by 31.2% in the 1st quarter. Kercheville Advisors LLC now owns 21,000 shares of the financial services provider's stock valued at $202,000 after buying an additional 5,000 shares in the last quarter. Worth Asset Management LLC acquired a new position in Invesco Quality Municipal Income Trust during the 2nd quarter worth approximately $254,000. Fortitude Advisory Group L.L.C. boosted its holdings in Invesco Quality Municipal Income Trust by 23.5% in the second quarter. Fortitude Advisory Group L.L.C. now owns 25,756 shares of the financial services provider's stock worth $261,000 after acquiring an additional 4,895 shares in the last quarter. Finally, Compound Planning Inc. boosted its holdings in Invesco Quality Municipal Income Trust by 6.2% in the first quarter. Compound Planning Inc. now owns 30,041 shares of the financial services provider's stock worth $289,000 after acquiring an additional 1,764 shares in the last quarter.
Invesco Quality Municipal Income Trust Company Profile
(
Get Free Report)
Invesco Quality Municipal Income Trust (NYSE: IQI) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, cities, counties and other governmental entities in the United States.
The trust's portfolio may include investment-grade and below-investment-grade municipal bonds, subject to the fund's investment policies and risk considerations. These securities can finance public projects and essential services such as transportation, education, utilities, health care and other infrastructure.
Invesco Quality Municipal Income Trust is managed by Invesco Advisers, Inc, an investment adviser within Invesco Ltd.
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