Invesco Ltd. reduced its stake in Invesco Quality Municipal Income Trust (NYSE:IQI - Free Report) by 19.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,594 shares of the financial services provider's stock after selling 37,687 shares during the period. Invesco Ltd.'s holdings in Invesco Quality Municipal Income Trust were worth $1,495,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC bought a new stake in shares of Invesco Quality Municipal Income Trust during the fourth quarter valued at approximately $43,000. Atala Financial Inc purchased a new position in shares of Invesco Quality Municipal Income Trust in the fourth quarter worth $101,000. Fortitude Advisory Group L.L.C. purchased a new stake in shares of Invesco Quality Municipal Income Trust during the 4th quarter valued at about $101,000. Worth Asset Management LLC purchased a new stake in Invesco Quality Municipal Income Trust in the fourth quarter worth approximately $102,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Invesco Quality Municipal Income Trust in the fourth quarter worth $123,000.
Invesco Quality Municipal Income Trust Stock Performance
Shares of IQI traded up $0.05 on Friday, reaching $9.50. The company's stock had a trading volume of 162,972 shares, compared to its average volume of 172,210. Invesco Quality Municipal Income Trust has a 12-month low of $8.86 and a 12-month high of $10.53. The stock's 50 day simple moving average is $9.59 and its two-hundred day simple moving average is $9.84.
Invesco Quality Municipal Income Trust Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.0631 dividend. This represents a $0.76 annualized dividend and a dividend yield of 7.97%. The ex-dividend date is Friday, May 16th.
About Invesco Quality Municipal Income Trust
(
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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