Van ECK Associates Corp Grows Position in Invesco Quality Municipal Income Trust (NYSE:IQI)

Van ECK Associates Corp increased its holdings in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 14.4% in the fourth quarter, Holdings Channel reports. The firm owned 402,317 shares of the financial services provider’s stock after buying an additional 50,599 shares during the period. Van ECK Associates Corp’s holdings in Invesco Quality Municipal Income Trust were worth $3,826,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wolverine Asset Management LLC purchased a new position in Invesco Quality Municipal Income Trust during the third quarter worth about $41,000. Relyea Zuckerberg Hanson LLC acquired a new position in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $108,000. Stonebrook Private Inc. purchased a new position in shares of Invesco Quality Municipal Income Trust during the 4th quarter worth approximately $132,000. Atomi Financial Group Inc. acquired a new stake in Invesco Quality Municipal Income Trust in the 3rd quarter valued at approximately $157,000. Finally, Ackerman Capital Advisors LLC acquired a new stake in Invesco Quality Municipal Income Trust in the 4th quarter valued at approximately $198,000.

Invesco Quality Municipal Income Trust Stock Performance

NYSE:IQI opened at $9.49 on Monday. Invesco Quality Municipal Income Trust has a 52 week low of $8.05 and a 52 week high of $9.75. The stock’s fifty day moving average is $9.51 and its two-hundred day moving average is $9.31.

Invesco Quality Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 16th will be paid a dividend of $0.0403 per share. This represents a $0.48 annualized dividend and a yield of 5.10%. The ex-dividend date is Wednesday, May 15th.

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.