Sit Investment Associates Inc. Has $7.49 Million Stake in Invesco Quality Municipal Income Trust $IQI

Key Points

• Sit Investment Associates Inc. reduced its stake in Invesco Quality Municipal Income Trust by 3.7% in the first quarter, now holding 773,209 shares worth approximately $7.5 million.
• Sound Income Strategies LLC significantly increased its holdings in the same period by 58.1%, acquiring an additional 1,175 shares to own a total of 3,198 shares.
• Invesco Quality Municipal Income Trust announced a monthly dividend of $0.0631 per share, with an ex-dividend date on August 18th, presenting a yield of 8.0%.

Sit Investment Associates Inc. lessened its stake in shares of Invesco Quality Municipal Income Trust (NYSE:IQI - Free Report) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 773,209 shares of the financial services provider's stock after selling 29,591 shares during the quarter. Sit Investment Associates Inc. owned about 1.46% of Invesco Quality Municipal Income Trust worth $7,485,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IQI. Pathstone Holdings LLC boosted its holdings in Invesco Quality Municipal Income Trust by 16.4% during the fourth 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 in the last quarter. LPL Financial LLC grew its position 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 worth $5,737,000 after buying an additional 87,535 shares during the last quarter. Stratos Wealth Advisors LLC grew its position 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 worth $2,569,000 after buying an additional 13,112 shares during the last quarter. Stifel Financial Corp grew its position in Invesco Quality Municipal Income Trust by 1.2% in the fourth quarter. Stifel Financial Corp now owns 148,088 shares of the financial services provider's stock worth $1,460,000 after buying an additional 1,821 shares during the last quarter. Finally, CF Capital LLC acquired a new position in Invesco Quality Municipal Income Trust in the fourth quarter worth approximately $1,419,000.

Invesco Quality Municipal Income Trust Trading Down 0.4%

Invesco Quality Municipal Income Trust stock traded down $0.04 during mid-day trading on Wednesday, hitting $9.32. The company's stock had a trading volume of 142,677 shares, compared to its average volume of 160,636. Invesco Quality Municipal Income Trust has a twelve month low of $8.86 and a twelve month high of $10.53. The stock's fifty day moving average price is $9.35 and its two-hundred day moving average price is $9.51.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be given a $0.0631 dividend. The ex-dividend date is Monday, August 18th. This represents a c) annualized dividend and a yield of 8.1%.

Insider Transactions at Invesco Quality Municipal Income Trust

In other Invesco Quality Municipal Income Trust news, Portfolio Manager Timothy M. O'reilly purchased 5,360 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were purchased at an average price of $9.33 per share, for a total transaction of $50,008.80. Following the completion of the transaction, the portfolio manager owned 5,360 shares in the company, valued at $50,008.80. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Invesco Quality Municipal Income Trust Company 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.