Invesco Quality Municipal Income Trust (NYSE:IQI) Shares Sold by City of London Investment Management Co. Ltd.

Key Points

• City of London Investment Management Co. Ltd. has significantly reduced its stake in Invesco Quality Municipal Income Trust by 51.4%, bringing its total holdings to 233,922 shares valued at approximately $2.26 million.
• Pathstone Holdings LLC and LPL Financial LLC have both increased their positions in Invesco Quality Municipal Income Trust, with boosts of 16.4% and 17.3%, respectively, indicating ongoing interest from hedge funds in this investment.
• The Invesco Quality Municipal Income Trust recently announced a monthly dividend of $0.0631 per share, reflecting an annualized dividend yield of 8.1%.

City of London Investment Management Co. Ltd. lessened its stake in Invesco Quality Municipal Income Trust (NYSE:IQI - Free Report) by 51.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233,922 shares of the financial services provider's stock after selling 247,219 shares during the period. City of London Investment Management Co. Ltd. owned 0.44% of Invesco Quality Municipal Income Trust worth $2,264,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Pathstone Holdings LLC increased its stake in Invesco Quality Municipal Income Trust by 16.4% in the 4th quarter. Pathstone Holdings LLC now owns 793,819 shares of the financial services provider's stock worth $7,843,000 after buying an additional 112,115 shares during the period. LPL Financial LLC increased its stake in Invesco Quality Municipal Income Trust by 17.3% in the 1st quarter. LPL Financial LLC now owns 592,689 shares of the financial services provider's stock worth $5,737,000 after buying an additional 87,535 shares during the period. Stratos Wealth Advisors LLC increased its stake in Invesco Quality Municipal Income Trust by 5.2% in the 1st quarter. Stratos Wealth Advisors LLC now owns 265,413 shares of the financial services provider's stock worth $2,569,000 after buying an additional 13,112 shares during the period. Stifel Financial Corp increased its position in Invesco Quality Municipal Income Trust by 1.2% during the 4th quarter. Stifel Financial Corp now owns 148,088 shares of the financial services provider's stock valued at $1,460,000 after purchasing an additional 1,821 shares during the period. Finally, CF Capital LLC purchased a new position in Invesco Quality Municipal Income Trust during the 4th quarter valued at about $1,419,000.

Invesco Quality Municipal Income Trust Trading Down 0.1%

NYSE IQI traded down $0.01 during trading on Friday, reaching $9.42. 125,716 shares of the company's stock traded hands, compared to its average volume of 199,681. The company's 50 day simple moving average is $9.33 and its two-hundred day simple moving average is $9.54. Invesco Quality Municipal Income Trust has a 12-month low of $8.86 and a 12-month high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be given a dividend of $0.0631 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

Insider Buying and Selling

In other Invesco Quality Municipal Income Trust news, Portfolio Manager Timothy M. O'reilly bought 5,360 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were acquired at an average price of $9.33 per share, with a total value of $50,008.80. Following the transaction, the portfolio manager owned 5,360 shares of the company's stock, valued at approximately $50,008.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Invesco Quality Municipal Income Trust Profile

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.