Insider Buying: Invesco Quality Municipal Income Trust (NYSE:IQI) Major Shareholder Acquires $10,106.50 in Stock

Invesco Quality Municipal Income Trust (NYSE:IQI) major shareholder Of America Corp /De/ Bank purchased 725 shares of Invesco Quality Municipal Income Trust stock in a transaction dated Tuesday, April 24th. The shares were purchased at an average price of $13.94 per share, with a total value of $10,106.50. Following the completion of the acquisition, the insider now owns 725 shares in the company, valued at $10,106.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Invesco Quality Municipal Income Trust Stock Performance

NYSE IQI opened at $9.64 on Monday. Invesco Quality Municipal Income Trust has a 12-month low of $9.23 and a 12-month high of $10.53. The company has a 50 day moving average price of $10.08 and a two-hundred day moving average price of $10.13.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.0631 dividend. This represents a $0.76 annualized dividend and a dividend yield of 7.85%. The ex-dividend date of this dividend is Tuesday, December 17th.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Large investors have recently bought and sold shares of the business. US Bancorp DE acquired a new stake in shares of Invesco Quality Municipal Income Trust in the third quarter worth about $45,000. Raymond James & Associates lifted its holdings in Invesco Quality Municipal Income Trust by 3.4% in the 2nd quarter. Raymond James & Associates now owns 761,804 shares of the financial services provider’s stock worth $7,557,000 after purchasing an additional 24,912 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in Invesco Quality Municipal Income Trust by 5.2% in the 2nd quarter. Atomi Financial Group Inc. now owns 21,123 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 1,038 shares during the last quarter. Cetera Investment Advisers boosted its position in Invesco Quality Municipal Income Trust by 1.4% during the second quarter. Cetera Investment Advisers now owns 129,407 shares of the financial services provider’s stock worth $1,284,000 after purchasing an additional 1,827 shares during the period. Finally, Larson Financial Group LLC acquired a new position in Invesco Quality Municipal Income Trust during the second quarter valued at approximately $33,000.

About Invesco Quality Municipal Income Trust

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.