Invesco Quality Municipal Income Trust (NYSE:IQI) Announces $0.05 Monthly Dividend

Invesco Quality Municipal Income Trust (NYSE:IQIGet Rating) declared a monthly dividend on Tuesday, May 3rd, Wall Street Journal reports. Investors of record on Monday, May 16th will be given a dividend of 0.047 per share by the financial services provider on Tuesday, May 31st. This represents a $0.56 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend is Friday, May 13th.

Invesco Quality Municipal Income Trust stock opened at $10.39 on Wednesday. The business’s 50 day moving average is $11.09. Invesco Quality Municipal Income Trust has a one year low of $10.30 and a one year high of $13.98.

A number of institutional investors have recently added to or reduced their stakes in IQI. Advisors Asset Management Inc. lifted its position in Invesco Quality Municipal Income Trust by 64.9% during the 4th 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 in the last quarter. Morgan Stanley lifted its position in Invesco Quality Municipal Income Trust by 12.1% during the 2nd quarter. Morgan Stanley now owns 428,629 shares of the financial services provider’s stock worth $5,786,000 after acquiring an additional 46,128 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Invesco Quality Municipal Income Trust during the 4th quarter worth approximately $426,000. Wells Fargo & Company MN raised its position in shares of Invesco Quality Municipal Income Trust by 10.9% in the 4th 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 in the last quarter. Finally, LPL Financial LLC raised its position in shares of Invesco Quality Municipal Income Trust by 11.2% in the 4th 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 in the last quarter. 17.04% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Quality Municipal Income Trust Company Profile (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.

Further Reading

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

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