Invesco Quality Municipal Income Trust (NYSE:IQI – Get Rating) announced a monthly dividend on Friday, February 3rd, Wall Street Journal reports. Investors of record on Wednesday, February 15th will be given a dividend of 0.0385 per share by the financial services provider on Tuesday, February 28th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Tuesday, February 14th.
Invesco Quality Municipal Income Trust has decreased its dividend payment by an average of 3.7% per year over the last three years.
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Invesco Quality Municipal Income Trust Stock Performance
NYSE:IQI opened at $10.08 on Friday. Invesco Quality Municipal Income Trust has a 12-month low of $8.76 and a 12-month high of $12.09. The stock's fifty day simple moving average is $9.88 and its 200-day simple moving average is $9.77.
Hedge Funds Weigh In On Invesco Quality Municipal Income Trust
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its stake in shares of Invesco Quality Municipal Income Trust by 2.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 72,910 shares of the financial services provider's stock valued at $665,000 after acquiring an additional 1,457 shares during the last quarter. Wells Fargo & Company MN increased its stake in Invesco Quality Municipal Income Trust by 0.8% in the second quarter. Wells Fargo & Company MN now owns 321,795 shares of the financial services provider's stock valued at $3,286,000 after purchasing an additional 2,648 shares in the last quarter. Captrust Financial Advisors bought a new stake in Invesco Quality Municipal Income Trust in the second quarter valued at approximately $101,000. Royal Bank of Canada raised its holdings in Invesco Quality Municipal Income Trust by 7.9% in the first quarter. Royal Bank of Canada now owns 165,626 shares of the financial services provider's stock worth $1,877,000 after purchasing an additional 12,093 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Invesco Quality Municipal Income Trust during the first quarter worth $165,000. Institutional investors own 24.96% of the company's stock.
Invesco Quality Municipal Income Trust Company Profile
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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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