Insider Selling: Invesco Quality Municipal Income Trust (NYSE:IQI) Portfolio Manager Sells $55,721.34 in Stock

Invesco Quality Municipal Income Trust (NYSE:IQI) Portfolio Manager Timothy O’reilly sold 6,282 shares of Invesco Quality Municipal Income Trust stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $8.87, for a total value of $55,721.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Invesco Quality Municipal Income Trust Trading Up 1.6%

Shares of NYSE IQI traded up $0.14 during mid-day trading on Tuesday, reaching $8.87. 236,550 shares of the company were exchanged, compared to its average volume of 164,839. Invesco Quality Municipal Income Trust has a 1 year low of $8.47 and a 1 year high of $10.42. The firm has a 50-day moving average of $9.77 and a 200 day moving average of $9.86.

Invesco Quality Municipal Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be given a dividend of $0.0631 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This is a positive change from Invesco Quality Municipal Income Trust’s previous monthly dividend of $0.0631. This represents a $0.76 annualized dividend and a dividend yield of 8.5%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Equitable Holdings Inc. acquired a new stake in Invesco Quality Municipal Income Trust in the second quarter valued at approximately $172,000. Kercheville Advisors LLC increased its position in shares of Invesco Quality Municipal Income Trust by 31.2% during the first quarter. Kercheville Advisors LLC now owns 21,000 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 5,000 shares in the last quarter. Worth Asset Management LLC purchased a new stake in shares of Invesco Quality Municipal Income Trust during the 2nd quarter valued at $254,000. Fortitude Advisory Group L.L.C. lifted its holdings in shares of Invesco Quality Municipal Income Trust by 23.5% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 25,756 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 4,895 shares during the last quarter. Finally, Compound Planning Inc. boosted its position in shares of Invesco Quality Municipal Income Trust by 6.2% in the 1st quarter. Compound Planning Inc. now owns 30,041 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 1,764 shares in the last quarter.

Invesco Quality Municipal Income Trust Company Profile

Invesco Quality Municipal Income Trust (NYSE: IQI) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, cities, counties and other governmental entities in the United States.

The trust’s portfolio may include investment-grade and below-investment-grade municipal bonds, subject to the fund’s investment policies and risk considerations. These securities can finance public projects and essential services such as transportation, education, utilities, health care and other infrastructure.

Invesco Quality Municipal Income Trust is managed by Invesco Advisers, Inc, an investment adviser within Invesco Ltd.