Jack Connelly Sells 1,980 Shares of Invesco Quality Municipal Income Trust (NYSE:IQI) Stock

Invesco Quality Municipal Income Trust (NYSE:IQI) Portfolio Manager Jack Connelly sold 1,980 shares of Invesco Quality Municipal Income Trust stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $10.09, for a total value of $19,978.20. Following the sale, the portfolio manager directly owned 3,520 shares of the company’s stock, valued at approximately $35,516.80. The trade was a 36.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jack Connelly also recently made the following trade(s):

• On Wednesday, January 7th, Jack Connelly sold 3,900 shares of Invesco Quality Municipal Income Trust stock. The shares were sold at an average price of $10.02, for a total transaction of $39,078.00.

Invesco Quality Municipal Income Trust Stock Down 0.6%

Shares of IQI stock traded down $0.06 on Tuesday, hitting $10.04. The company’s stock had a trading volume of 15,861 shares, compared to its average volume of 111,529. Invesco Quality Municipal Income Trust has a fifty-two week low of $8.86 and a fifty-two week high of $10.16. The firm’s fifty day moving average price is $10.00 and its 200-day moving average price is $9.77.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a $0.0631 dividend. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Thursday, January 15th.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Hedge funds have recently modified their holdings of the business. Quent Capital LLC bought a new position in shares of Invesco Quality Municipal Income Trust during the 3rd quarter worth about $27,000. Farther Finance Advisors LLC acquired a new stake in Invesco Quality Municipal Income Trust during the third quarter worth about $69,000. Olistico Wealth LLC acquired a new stake in Invesco Quality Municipal Income Trust during the second quarter worth about $110,000. World Investment Advisors bought a new position in Invesco Quality Municipal Income Trust during the third quarter valued at about $112,000. Finally, Savant Capital LLC acquired a new position in Invesco Quality Municipal Income Trust in the 3rd quarter valued at approximately $132,000.

Invesco Quality Municipal Income Trust Company Profile

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.