Allspring Global Investments Holdings LLC Reduces Position in Invesco Quality Municipal Income Trust $IQI

Key Points

• Allspring Global Investments Holdings LLC reduced its holdings in Invesco Quality Municipal Income Trust (NYSE:IQI) by 5.0%, owning 882,979 shares worth approximately $8.3 million after selling 46,854 shares during the second quarter.
• Several other institutional investors, including Janney Montgomery Scott LLC and Concurrent Investment Advisors LLC, increased their positions in IQI, reflecting varied investment strategies among hedge funds.
• Invesco Quality Municipal Income Trust announced a monthly dividend of $0.0631 per share, representing a 7.7% annualized dividend yield, with the dividend payout scheduled for October 31st.

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Invesco Quality Municipal Income Trust (NYSE:IQI - Free Report) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 882,979 shares of the financial services provider's stock after selling 46,854 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.67% of Invesco Quality Municipal Income Trust worth $8,282,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of IQI. Janney Montgomery Scott LLC increased its holdings in Invesco Quality Municipal Income Trust by 21.9% in the first quarter. Janney Montgomery Scott LLC now owns 53,529 shares of the financial services provider's stock valued at $518,000 after buying an additional 9,625 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Invesco Quality Municipal Income Trust in the first quarter valued at about $148,000. Concurrent Investment Advisors LLC increased its holdings in Invesco Quality Municipal Income Trust by 62.8% in the first quarter. Concurrent Investment Advisors LLC now owns 24,712 shares of the financial services provider's stock valued at $239,000 after buying an additional 9,528 shares during the last quarter. Stratos Wealth Advisors LLC increased its holdings in Invesco Quality Municipal Income Trust by 5.2% in the first quarter. Stratos Wealth Advisors LLC now owns 265,413 shares of the financial services provider's stock valued at $2,569,000 after buying an additional 13,112 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in Invesco Quality Municipal Income Trust by 17.3% in the first quarter. LPL Financial LLC now owns 592,689 shares of the financial services provider's stock valued at $5,737,000 after buying an additional 87,535 shares during the last quarter.

Invesco Quality Municipal Income Trust Stock Down 1.0%

NYSE:IQI opened at $9.88 on Monday. The stock has a 50 day moving average of $9.70 and a 200-day moving average of $9.46. Invesco Quality Municipal Income Trust has a 52 week low of $8.86 and a 52 week high of $10.31.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Thursday, October 16th will be given a dividend of $0.0631 per share. The ex-dividend date is Thursday, October 16th. This represents a c) annualized dividend and a dividend yield of 7.7%.

About Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.

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