Hennion & Walsh Asset Management Inc. cut its stake in Invesco Quality Municipal Income Trust (NYSE:IQI - Free Report) by 35.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 603,784 shares of the financial services provider's stock after selling 327,725 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Invesco Quality Municipal Income Trust were worth $5,845,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of IQI. Van ECK Associates Corp increased its holdings in Invesco Quality Municipal Income Trust by 4.1% in the fourth quarter. Van ECK Associates Corp now owns 396,171 shares of the financial services provider's stock valued at $3,906,000 after buying an additional 15,560 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of 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 valued at $7,843,000 after acquiring an additional 112,115 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in shares of Invesco Quality Municipal Income Trust during the 4th quarter valued at approximately $161,000. Oppenheimer & Co. Inc. bought a new position in Invesco Quality Municipal Income Trust during the fourth quarter worth $334,000. Finally, Raymond James Financial Inc. acquired a new position in Invesco Quality Municipal Income Trust in the fourth quarter worth $11,965,000.
Invesco Quality Municipal Income Trust Stock Down 0.2%
Shares of NYSE:IQI traded down $0.02 on Thursday, reaching $9.35. 93,801 shares of the company's stock were exchanged, compared to its average volume of 171,739. The business's 50-day moving average is $9.37 and its two-hundred day moving average is $9.73. Invesco Quality Municipal Income Trust has a fifty-two week low of $8.86 and a fifty-two week high of $10.53.
Invesco Quality Municipal Income Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a $0.0631 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.76 dividend on an annualized basis and a yield of 8.10%.
Invesco Quality Municipal Income Trust Profile
(
Free Report)
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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