Invesco Quality Municipal Income Trust (IQI) Insider Sells $62,469.50 in Stock

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Invesco Quality Municipal Income Trust (NYSE:IQI) insider Jack Connelly sold 5,150 shares of Invesco Quality Municipal Income Trust stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $12.13, for a total value of $62,469.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

IQI stock traded up $0.05 during mid-day trading on Wednesday, reaching $12.14. The company’s stock had a trading volume of 300 shares, compared to its average volume of 106,916. Invesco Quality Municipal Income Trust has a 12 month low of $11.03 and a 12 month high of $12.25.

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.0516 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.62 annualized dividend and a dividend yield of 5.10%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV bought a new stake in shares of Invesco Quality Municipal Income Trust during the first quarter valued at approximately $61,000. Bremer Bank National Association bought a new stake in shares of Invesco Quality Municipal Income Trust during the first quarter valued at approximately $139,000. CWM LLC bought a new stake in shares of Invesco Quality Municipal Income Trust during the fourth quarter valued at approximately $151,000. Two Sigma Securities LLC increased its holdings in shares of Invesco Quality Municipal Income Trust by 37.1% during the fourth quarter. Two Sigma Securities LLC now owns 13,887 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 3,755 shares in the last quarter. Finally, Freestone Capital Holdings LLC bought a new stake in shares of Invesco Quality Municipal Income Trust during the fourth quarter valued at approximately $174,000. Hedge funds and other institutional investors own 15.05% of the company’s stock.

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Invesco Quality Municipal Income Trust Company Profile

Invesco Quality Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.

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