Bank of America Acquires 725 Shares of Invesco Quality Municipal Income Trust

On Tuesday, April 24th, Bank of America Corp /De/ made a noteworthy move by purchasing 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 acquisition, Bank of America now directly holds 725 shares in the trust, which is valued at approximately $10,106.50. This transaction marks an expansion in their investment position.

Invesco Quality Municipal Income Trust Stock Performance

The stock opened at $9.64 on the following Friday. Over the past 50 days, the moving average price for IQI has been $10.08, while the 200-day moving average price stands at $10.12. The trust's shares have fluctuated within a one-year range, reaching a low of $9.23 and a high of $10.53.

Dividend Announcement from Invesco Quality Municipal Income Trust

Recently, the trust announced a monthly dividend set to be paid on Tuesday, December 31st. For shareholders on record as of Tuesday, December 17th, a dividend of $0.0631 per share will be distributed. This equates to an annualized dividend of $0.76 and yields about 7.85%. The ex-dividend date is also scheduled for Tuesday, December 17th.

Institutional Ownership and Trading Activity

Several institutional investors have also engaged in transactions involving Invesco Quality Municipal Income Trust shares recently. For instance, Hennion & Walsh Asset Management Inc. increased its holdings in IQI by 25.0% during the third quarter, owning a total of 1,052,817 shares valued at $10,991,000 after acquiring an additional 210,578 shares. Similarly, Rothschild Investment LLC purchased a new stake valued at approximately $1,803,000 in the second quarter. Additionally, JFS Wealth Advisors LLC's investment grew by an impressive 1,618.1% in the same quarter, bringing their total to 143,790 shares worth about $1,501,000 after acquiring 135,421 shares. Other firms, including Wealthspire Advisors LLC and Stratos Wealth Advisors LLC, have also expanded their positions in Invesco Quality Municipal Income Trust.

About Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust is a closed-end fixed income mutual fund managed by Invesco Ltd, alongside several affiliated firms. The fund targets investments primarily in municipal securities to provide tax-exempt income to its shareholders.

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