Invesco Quality Municipal Income Trust (IQI) to Distribute Monthly Dividend of $0.06 on September 30th

Invesco Quality Municipal Income Trust (NYSE:IQI) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Monday, September 14th will be given a dividend of 0.0631 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Monday, September 14th.

Invesco Quality Municipal Income Trust Stock Performance

IQI opened at $9.96 on Thursday. The company’s 50 day moving average is $10.09 and its 200-day moving average is $9.97. Invesco Quality Municipal Income Trust has a 1-year low of $9.26 and a 1-year high of $10.42.

Institutional Trading of Invesco Quality Municipal Income Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Fortitude Advisory Group L.L.C. grew its stake in shares of Invesco Quality Municipal Income Trust by 23.5% during the second quarter. Fortitude Advisory Group L.L.C. now owns 25,756 shares of the financial services provider’s stock worth $261,000 after buying an additional 4,895 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Invesco Quality Municipal Income Trust by 2.2% in the 2nd quarter. Van ECK Associates Corp now owns 351,096 shares of the financial services provider’s stock valued at $3,553,000 after acquiring an additional 7,574 shares during the last quarter. Equitable Holdings Inc. bought a new position in shares of Invesco Quality Municipal Income Trust in the 2nd quarter valued at $172,000. Centaurus Financial Inc. acquired a new stake in shares of Invesco Quality Municipal Income Trust during the 2nd quarter valued at $1,016,000. Finally, Bank of America Corp DE acquired a new stake in shares of Invesco Quality Municipal Income Trust during the 2nd quarter valued at $603,000.

About Invesco Quality Municipal Income Trust

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.