Invesco Quality Municipal Income Trust (NYSE:IQI) Reaches New 1-Year Low at $10.60

Invesco Quality Municipal Income Trust (NYSE:IQIGet Rating)’s stock price hit a new 52-week low on Monday . The stock traded as low as $10.60 and last traded at $10.60, with a volume of 536 shares trading hands. The stock had previously closed at $10.68.

The stock’s 50 day simple moving average is $11.43.

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Shareholders of record on Monday, April 18th will be paid a dividend of $0.047 per share. This represents a $0.56 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend is Thursday, April 14th.

A number of large investors have recently modified their holdings of the business. Sit Investment Associates Inc. lifted its stake in Invesco Quality Municipal Income Trust by 7.9% during the 3rd quarter. Sit Investment Associates Inc. now owns 910,578 shares of the financial services provider’s stock valued at $12,001,000 after acquiring an additional 66,553 shares in the last quarter. UBS Group AG increased its position in shares of Invesco Quality Municipal Income Trust by 4.4% during the 3rd quarter. UBS Group AG now owns 470,732 shares of the financial services provider’s stock valued at $6,204,000 after purchasing an additional 19,903 shares during the last quarter. Morgan Stanley increased its position in shares of Invesco Quality Municipal Income Trust by 3.2% during the 3rd quarter. Morgan Stanley now owns 442,197 shares of the financial services provider’s stock valued at $5,828,000 after purchasing an additional 13,568 shares during the last quarter. Raymond James & Associates increased its position in shares of Invesco Quality Municipal Income Trust by 4.6% during the 4th quarter. Raymond James & Associates now owns 338,637 shares of the financial services provider’s stock valued at $4,602,000 after purchasing an additional 15,026 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its position in shares of Invesco Quality Municipal Income Trust by 0.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 335,509 shares of the financial services provider’s stock valued at $4,560,000 after purchasing an additional 2,049 shares during the last quarter. Institutional investors and hedge funds own 16.89% of the company’s stock.

Invesco Quality Municipal Income Trust Company Profile (NYSE:IQI)

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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