Invesco Quality Municipal Income Trust (NYSE:IQI) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Invesco Quality Municipal Income Trust (NYSE:IQI) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.81 and traded as low as $9.55. Invesco Quality Municipal Income Trust shares last traded at $9.5560, with a volume of 208,602 shares trading hands.

Invesco Quality Municipal Income Trust Price Performance

The company has a 50 day moving average price of $9.81 and a 200 day moving average price of $9.96.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.0631 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 7.9%.

Institutional Investors Weigh In On Invesco Quality Municipal Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in IQI. Royal Bank of Canada increased its position in shares of Invesco Quality Municipal Income Trust by 3.3% during the first quarter. Royal Bank of Canada now owns 214,022 shares of the financial services provider’s stock worth $2,072,000 after acquiring an additional 6,738 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Invesco Quality Municipal Income Trust by 23.7% during the first quarter. NewEdge Advisors LLC now owns 112,245 shares of the financial services provider’s stock worth $1,087,000 after acquiring an additional 21,515 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Invesco Quality Municipal Income Trust by 7.4% during the second quarter. Raymond James Financial Inc. now owns 1,353,664 shares of the financial services provider’s stock worth $12,697,000 after acquiring an additional 92,863 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco Quality Municipal Income Trust by 144.1% during the second quarter. Ameriprise Financial Inc. now owns 311,786 shares of the financial services provider’s stock worth $2,919,000 after acquiring an additional 184,049 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Invesco Quality Municipal Income Trust by 149.7% during the second quarter. Bank of America Corp DE now owns 47,922 shares of the financial services provider’s stock worth $450,000 after acquiring an additional 28,732 shares in the last quarter.

About Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust (NYSE: IQI) is a closed-end management investment company listed on the New York Stock Exchange. Managed by Invesco Advisers, Inc, the fund’s primary objective is to provide investors with a high level of current income that is exempt from federal income taxes. To achieve this, the trust invests predominantly in investment-grade municipal securities issued by U.S. states, municipalities, and their agencies.

The portfolio holds a diversified blend of municipal bonds, including general obligation bonds, revenue bonds, and other tax-exempt obligations.