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

On April 24th, a significant insider transaction occurred as Bank of America Corp /De/ purchased 725 shares of Invesco Quality Municipal Income Trust (NYSE:IQI). The shares were bought at an average price of $13.94 each, resulting in a total investment of $10,106.50. Following this transaction, the major shareholder now directly owns a total of 725 shares, with a current valuation of approximately $10,106.50. This acquisition marks a substantial increase in their position within the company. Details of the transaction were disclosed in a filing made with the SEC and can be found on their website.

Invesco Quality Municipal Income Trust Performance Overview

As of last Friday, the stock opened at $9.64. Its 50-day moving average is $10.08, while the 200-day moving average stands at $10.12. Over the past year, the stock has seen a low of $9.23 and a high of $10.53.

Dividend Announcement from Invesco Quality Municipal Income Trust

Recently, Invesco also announced a monthly dividend, set to be paid on December 31st. Shareholders who are on record as of December 17th will receive a dividend of $0.0631 per share. This reflects an annualized dividend of $0.76 and a dividend yield of 7.85%. The ex-dividend date for this payout is December 17th.

Institutional Trading Dynamics

Several institutional investors have recently engaged in buying and selling shares of Invesco Quality Municipal Income Trust. Notably, Hennion & Walsh Asset Management Inc. increased its holdings by 25.0% during the third quarter, now owning over 1 million shares worth approximately $10.99 million after acquiring an additional 210,578 shares. Rothschild Investment LLC made a new investment in the 2nd quarter valued at $1.803 million. Furthermore, JFS Wealth Advisors LLC expanded its stake by a remarkable 1,618.1% in the third quarter, now possessing 143,790 shares valued at about $1.501 million after adding 135,421 shares. Other firms like Wealthspire Advisors LLC and Stratos Wealth Advisors LLC have also made notable purchases, enhancing their positions in the company.

About Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust is a closed-end mutual fund focused on fixed income, launched by Invesco Ltd. The fund is co-managed by various entities under Invesco’s umbrella, including Invesco Advisers, Inc. and INVESCO Asset Management globally.

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