Invesco Quality Municipal Income Trust (NYSE:IQI) Portfolio Manager Sells $55,721.34 in Stock

Invesco Quality Municipal Income Trust (NYSE:IQI) Portfolio Manager Timothy O’reilly sold 6,282 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $8.87, for a total value of $55,721.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Invesco Quality Municipal Income Trust Price Performance

Shares of Invesco Quality Municipal Income Trust stock opened at $8.86 on Friday. The business’s 50 day simple moving average is $9.70 and its 200 day simple moving average is $9.83. Invesco Quality Municipal Income Trust has a 52-week low of $8.47 and a 52-week high of $10.42.

Invesco Quality Municipal Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.0631 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.76 annualized dividend and a dividend yield of 8.6%. This is an increase from Invesco Quality Municipal Income Trust’s previous monthly dividend of $0.0631.

Institutional Trading of Invesco Quality Municipal Income Trust

A number of institutional investors have recently made changes to their positions in IQI. North Ground Capital bought a new stake in Invesco Quality Municipal Income Trust during the 2nd quarter worth about $1,214,582. NewEdge Advisors LLC increased its position in shares of Invesco Quality Municipal Income Trust by 23.2% in the second quarter. NewEdge Advisors LLC now owns 561,365 shares of the financial services provider’s stock valued at $5,681,000 after acquiring an additional 105,880 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Invesco Quality Municipal Income Trust in the second quarter valued at about $1,016,000. IFP Advisors Inc raised its holdings in Invesco Quality Municipal Income Trust by 47.1% during the second quarter. IFP Advisors Inc now owns 182,631 shares of the financial services provider’s stock worth $1,848,000 after acquiring an additional 58,480 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Invesco Quality Municipal Income Trust during the second quarter worth about $603,000.

About Invesco Quality Municipal Income Trust

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.