Invesco Quality Municipal Income Trust (IQI) to Issue Monthly Dividend of $0.05 on April 29th

Invesco Quality Municipal Income Trust (NYSE:IQIGet Rating) declared a monthly dividend on Monday, April 4th, Wall Street Journal reports. Investors of record on Monday, April 18th will be paid a dividend of 0.047 per share by the financial services provider on Friday, April 29th. This represents a $0.56 annualized dividend and a dividend yield of 5.15%. The ex-dividend date is Thursday, April 14th.

IQI stock opened at $10.96 on Tuesday. Invesco Quality Municipal Income Trust has a one year low of $10.90 and a one year high of $13.98. The stock has a 50 day moving average price of $11.54.

Institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its stake in Invesco Quality Municipal Income Trust by 64.9% during the fourth quarter. Advisors Asset Management Inc. now owns 149,482 shares of the financial services provider’s stock worth $2,031,000 after acquiring an additional 58,847 shares during the period. Morgan Stanley boosted its holdings in shares of Invesco Quality Municipal Income Trust by 12.1% in the second quarter. Morgan Stanley now owns 428,629 shares of the financial services provider’s stock valued at $5,786,000 after acquiring an additional 46,128 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Invesco Quality Municipal Income Trust during the fourth quarter valued at approximately $426,000. Wells Fargo & Company MN lifted its stake in Invesco Quality Municipal Income Trust by 10.9% during the fourth quarter. Wells Fargo & Company MN now owns 304,391 shares of the financial services provider’s stock valued at $4,137,000 after purchasing an additional 29,845 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in Invesco Quality Municipal Income Trust by 11.2% during the fourth quarter. LPL Financial LLC now owns 152,000 shares of the financial services provider’s stock valued at $2,066,000 after purchasing an additional 15,342 shares during the last quarter. 16.89% of the stock is owned by hedge funds and other institutional investors.

About Invesco Quality Municipal Income Trust (Get Rating)

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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Dividend History for Invesco Quality Municipal Income Trust (NYSE:IQI)

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