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  • Invesco Quality Municipal Income Trust will issue a monthly dividend of $0.04 (NYSE:IQI)

Invesco Quality Municipal Income Trust will issue a monthly dividend of $0.04 (NYSE:IQI)

By on October 5, 2022 0

Invesco Municipal Quality Income Trust (NYSE:IQI – Get Rating) declared a monthly dividend on Wednesday, October 5, reports The Wall Street Journal. Shareholders of record on Monday, October 17 will receive a dividend of 0.0446 per share from the financial services provider on Monday, October 31. This represents an annualized dividend of $0.54 and a yield of 5.77%. The ex-dividend date is Friday, October 14.

Invesco Quality Municipal Income Trust has reduced its dividend by an average of 3.1% per year over the past three years.

Invesco Quality Municipal Income Trust trades down 0.4%

IQI stock traded down $0.04 during the midday session on Wednesday, hitting $9.27. 253,094 shares of the company were traded, against an average volume of 141,212. The company has a fifty-day simple moving average of $10.11 and a 200-day simple moving average of $10.34. Invesco Quality Municipal Income Trust has a 12-month low of $9.06 and a 12-month high of $13.80.

Institutional entries and exits

Several hedge funds and other institutional investors have recently changed their positions in IQI. Captrust Financial Advisors acquired a new position in shares of Invesco Quality Municipal Income Trust in the second quarter worth approximately $101,000. Creative Planning acquired a new stock position in Invesco Quality Municipal Income Trust in the second quarter worth approximately $194,000. Wells Fargo & Company MN increased its holdings of Invesco Quality Municipal Income Trust shares by 0.8% in the second quarter. Wells Fargo & Company MN now owns 321,795 shares of the financial services provider valued at $3,286,000 after purchasing an additional 2,648 shares last quarter. Virtu Financial LLC acquired a new stock position in Invesco Quality Municipal Income Trust in the first quarter worth approximately $165,000. Finally, Advisors Asset Management Inc. increased its holdings of Invesco Quality Municipal Income Trust shares by 71.5% in the first quarter. Advisors Asset Management Inc. now owns 256,342 shares of the financial services provider valued at $2,904,000 after buying an additional 106,860 shares last quarter. Hedge funds and other institutional investors own 23.34% of the company’s shares.

Invesco Quality Municipal Income Trust Company Profile

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Invesco Quality Municipal Income Trust is a closed-end 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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Dividend history for Invesco Quality Municipal Income Trust (NYSE:IQI)

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