Hennion & Walsh Asset Management Inc. Sells 447,216 Shares of Invesco Quality Municipal Income Trust $IQI

Key Points

• Hennion & Walsh Asset Management cut its Invesco Quality Municipal Income Trust stake by 54.9%, selling 447,216 shares and retaining 367,504 shares valued at approximately $3.72 million.
• Several other institutional investors increased their positions, including NewEdge Advisors, Ameriprise Financial, Guggenheim Capital, Raymond James Financial, and Cottage Street Advisors.
• IQI shares opened at $10.06, near their recent moving averages, while the trust announced a monthly dividend of $0.0631 per share, representing an annualized yield of about 7.5%.

Hennion & Walsh Asset Management Inc. decreased its stake in shares of Invesco Quality Municipal Income Trust (NYSE:IQI - Free Report) by 54.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 367,504 shares of the financial services provider's stock after selling 447,216 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.69% of Invesco Quality Municipal Income Trust worth $3,719,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC raised its position in Invesco Quality Municipal Income Trust by 182.6% in the 4th quarter. NewEdge Advisors LLC now owns 403,042 shares of the financial services provider's stock valued at $4,014,000 after buying an additional 260,439 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Invesco Quality Municipal Income Trust by 144.1% during the 2nd 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 during the last quarter. Guggenheim Capital LLC boosted its holdings in Invesco Quality Municipal Income Trust by 15.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,203,595 shares of the financial services provider's stock worth $11,988,000 after acquiring an additional 163,271 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Invesco Quality Municipal Income Trust by 7.4% in the 2nd 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. Finally, Cottage Street Advisors LLC grew its stake in shares of Invesco Quality Municipal Income Trust by 550.0% in the 1st quarter. Cottage Street Advisors LLC now owns 65,000 shares of the financial services provider's stock worth $625,000 after acquiring an additional 55,000 shares in the last quarter.

Invesco Quality Municipal Income Trust Trading Down 0.3%

Shares of IQI stock opened at $10.06 on Tuesday. The firm has a 50-day moving average of $10.05 and a 200-day moving average of $9.96. Invesco Quality Municipal Income Trust has a one year low of $9.26 and a one year high of $10.42.

Invesco Quality Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a $0.0631 dividend. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Monday, August 17th.

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.

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