Invesco Quality Municipal Income Trust (IQI) Reaches New 1-Year Low at $11.03

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Shares of Invesco Quality Municipal Income Trust (NYSE:IQI) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $11.03 and last traded at $11.09, with a volume of 2822 shares trading hands. The stock had previously closed at $11.15.

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Tuesday, October 16th will be issued a $0.0574 dividend. The ex-dividend date is Monday, October 15th. This represents a $0.69 dividend on an annualized basis and a yield of 6.19%.

In related news, insider Jack Connelly purchased 29,750 shares of Invesco Quality Municipal Income Trust stock in a transaction on Wednesday, September 26th. The shares were bought at an average cost of $11.62 per share, for a total transaction of $345,695.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mutual Advisors LLC bought a new stake in Invesco Quality Municipal Income Trust in the 2nd quarter valued at $132,000. Millennium Management LLC bought a new stake in Invesco Quality Municipal Income Trust in the 1st quarter valued at $136,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Invesco Quality Municipal Income Trust in the 3rd quarter valued at $259,000. Quad Cities Investment Group LLC increased its holdings in Invesco Quality Municipal Income Trust by 31.6% in the 3rd quarter. Quad Cities Investment Group LLC now owns 29,008 shares of the financial services provider’s stock valued at $337,000 after acquiring an additional 6,962 shares during the last quarter. Finally, Wedbush Securities Inc. increased its holdings in Invesco Quality Municipal Income Trust by 11.4% in the 2nd quarter. Wedbush Securities Inc. now owns 42,202 shares of the financial services provider’s stock valued at $503,000 after acquiring an additional 4,304 shares during the last quarter. Institutional investors own 15.29% of the company’s stock.

Invesco Quality Municipal Income Trust Company Profile (NYSE:IQI)

There is no company description available for Invesco Quality Municipal Income Trust.

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