Bank of America Corp /De/ Acquires Shares in Invesco Quality Municipal Income Trust

On April 24th, major shareholder Bank of America Corp /De/ made a significant investment in Invesco Quality Municipal Income Trust (NYSE:IQI - Get Free Report) by purchasing 725 shares of the company's stock. The shares were bought at an average price of $13.94, amounting to a total investment of $10,106.50. After this transaction, the insider now holds a total of 725 shares, which are valued at approximately $10,106.50. This purchase represents a considerable increase in their ownership position. The details of this trade were disclosed in a legal filing with the Securities and Exchange Commission (SEC), which can be accessed via their website. It's important to note that shareholders owning 10% or more of a company’s shares must report their stock transactions to the SEC.

Performance of Invesco Quality Municipal Income Trust Shares

As of Friday, Invesco Quality Municipal Income Trust opened at $9.64. The stock has a 50-day moving average of $10.08 and a 200-day moving average of $10.12. In terms of price performance over the past year, the trust recorded a low of $9.23 and a high of $10.53.

Dividend Announcement from Invesco Quality Municipal Income Trust

Additionally, the company has recently declared a monthly dividend scheduled to be paid on December 31st. Shareholders who are on record as of December 17th will receive a dividend of $0.0631, which totals to an annualized dividend of $0.76, equating to a yield of 7.85%. The ex-dividend date is the same as the record date, December 17th.

Institutional Shareholder Activity in Invesco Quality Municipal Income Trust

A number of institutional investors have recently bought and sold shares in Invesco Quality Municipal Income Trust. For instance, Hennion & Walsh Asset Management Inc. increased its stake by 25.0% during the last quarter and now owns 1,052,817 shares valued at $10,991,000. Also, Rothschild Investment LLC acquired a new position during the second quarter, worth approximately $1,803,000. Another notable mention is JFS Wealth Advisors LLC, which saw its stake grow by 1,618.1%, now owning 143,790 shares after acquiring an additional 135,421 shares last quarter. Wealthspire Advisors LLC has also bought new shares worth around $764,000 in the second quarter, while Stratos Wealth Advisors LLC increased its holdings by 33.4% in the last quarter, now owning 266,271 shares valued at approximately $2,780,000.

About Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust is a closed-end mutual fund that focuses on fixed income investments, managed by a range of Invesco divisions, including Invesco Advisers, Inc and others across different regions.

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