Invesco Quality Municipal Income Trust (IQI) To Go Ex-Dividend on August 17th

Invesco Quality Municipal Income Trust (NYSE:IQI) declared a monthly dividend on Monday, August 3rd. Investors of record on Monday, August 17th will be paid a dividend of 0.0631 per share by the financial services provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Monday, August 17th.

Invesco Quality Municipal Income Trust Price Performance

NYSE:IQI opened at $10.29 on Friday. Invesco Quality Municipal Income Trust has a one year low of $9.26 and a one year high of $10.42. The company’s 50-day simple moving average is $10.07 and its 200 day simple moving average is $9.97.

Hedge Funds Weigh In On Invesco Quality Municipal Income Trust

Several large investors have recently made changes to their positions in IQI. Royal Bank of Canada boosted its position in shares of Invesco Quality Municipal Income Trust by 3.3% in the 1st quarter. Royal Bank of Canada now owns 214,022 shares of the financial services provider’s stock worth $2,072,000 after purchasing an additional 6,738 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Invesco Quality Municipal Income Trust by 23.7% in the 1st quarter. NewEdge Advisors LLC now owns 112,245 shares of the financial services provider’s stock worth $1,087,000 after buying an additional 21,515 shares during the last quarter. Raymond James Financial Inc. increased its position in Invesco Quality Municipal Income Trust by 7.4% during the 2nd quarter. Raymond James Financial Inc. now owns 1,353,664 shares of the financial services provider’s stock valued at $12,697,000 after buying an additional 92,863 shares in the last quarter. Ameriprise Financial Inc. increased its position in Invesco Quality Municipal Income Trust by 144.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 311,786 shares of the financial services provider’s stock valued at $2,919,000 after buying an additional 184,049 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Invesco Quality Municipal Income Trust by 149.7% during the second quarter. Bank of America Corp DE now owns 47,922 shares of the financial services provider’s stock valued at $450,000 after buying an additional 28,732 shares during the last quarter.

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.