Invesco Quality Municipal Income Trust (NYSE:IQI) Portfolio Manager Jack Connelly Sells 3,900 Shares of Stock

Invesco Quality Municipal Income Trust (NYSE:IQI) Portfolio Manager Jack Connelly sold 3,900 shares of Invesco Quality Municipal Income Trust stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $10.02, for a total value of $39,078.00. Following the completion of the transaction, the portfolio manager directly owned 5,500 shares of the company’s stock, valued at approximately $55,110. This represents a 41.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Invesco Quality Municipal Income Trust Price Performance

Shares of IQI stock opened at $10.10 on Friday. Invesco Quality Municipal Income Trust has a one year low of $8.86 and a one year 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 declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.0631 per share. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IQI. Quent Capital LLC purchased a new stake in Invesco Quality Municipal Income Trust during the 3rd quarter valued at $27,000. Farther Finance Advisors LLC bought a new position in shares of Invesco Quality Municipal Income Trust during the third quarter valued at $69,000. Olistico Wealth LLC bought a new position in shares of Invesco Quality Municipal Income Trust during the second quarter valued at $110,000. World Investment Advisors purchased a new stake in shares of Invesco Quality Municipal Income Trust during the third quarter valued at $112,000. Finally, Savant Capital LLC bought a new stake in Invesco Quality Municipal Income Trust in the 3rd quarter worth about $132,000.

Invesco Quality Municipal Income Trust Company Profile

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.