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

On April 24th, major shareholder Bank of America Corp /De/ took a step to increase its stake in Invesco Quality Municipal Income Trust (NYSE:IQI) by purchasing 725 shares. The shares were bought at an average price of $13.94 each, totaling approximately $10,106.50 for the transaction. After this acquisition, the insider now directly holds 725 shares with an equivalent value of around $10,106.50. This transaction indicates a significant increase in their position within the company. Additionally, this trade was filed with the SEC, in accordance with regulatory requirements for large shareholders who own 10% or more of the shares. More details about the filing can be accessed through the SEC's website.

Performance of Invesco Quality Municipal Income Trust

As of the most recent trading session, shares of Invesco Quality Municipal Income Trust opened at $9.64. The stock has shown a 50-day moving average price of $10.08 and a 200-day moving average price of $10.12. Throughout the past year, the share price has fluctuated, reaching a low of $9.23 and a high of $10.53.

Dividend Announcement from Invesco Quality Municipal Income Trust

Furthermore, Invesco Quality Municipal Income Trust recently announced a monthly dividend. Those shareholders on record as of December 17th will receive a dividend of $0.0631, scheduled for payment on December 31st. This results in an annualized dividend of $0.76, yielding 7.85%. The ex-dividend date is also set for December 17th.

Recent Institutional Trading Activity

A number of institutional investors have been active in buying and selling shares of Invesco Quality Municipal Income Trust. Hennion & Walsh Asset Management Inc. increased its holdings by 25% during the third quarter, ending up with 1,052,817 shares worth approximately $10,991,000. Another institutional investor, Rothschild Investment LLC, purchased a new position valued at about $1,803,000 in the second quarter. Moreover, JFS Wealth Advisors LLC raised its stake in the trust by an impressive 1,618.1% in the third quarter, acquiring an additional 135,421 shares, bringing its total to 143,790 shares with a value of $1,501,000. Other notable trades include Wealthspire Advisors LLC, which bought a new position worth around $764,000, and Stratos Wealth Advisors LLC, which increased its stake by 33.4%, totaling 266,271 shares valued at $2,780,000 after acquiring additional shares.

Overview of Invesco Quality Municipal Income Trust

(Get Free Report) Invesco Quality Municipal Income Trust is a closed-end fixed income mutual fund that operates under the management of Invesco Ltd. The fund is co-managed by several Invesco entities, including Invesco Advisers, Inc. and Invesco Asset Management Limited, among others.

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Invesco, Shares, Bank