US Bancorp DE Takes Position in Invesco Quality Municipal Income Trust (NYSE:IQI)

US Bancorp DE bought a new position in Invesco Quality Municipal Income Trust (NYSE:IQI) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,300 shares of the financial services provider’s stock, valued at approximately $45,000.

Several other hedge funds have also modified their holdings of IQI. Larson Financial Group LLC purchased a new position in shares of Invesco Quality Municipal Income Trust in the 2nd quarter worth $33,000. International Assets Investment Management LLC bought a new stake in Invesco Quality Municipal Income Trust during the second quarter worth approximately $35,000. Oppenheimer & Co. Inc. purchased a new stake in Invesco Quality Municipal Income Trust during the first quarter valued at approximately $102,000. Kercheville Advisors LLC bought a new stake in shares of Invesco Quality Municipal Income Trust in the 3rd quarter valued at approximately $115,000. Finally, Almitas Capital LLC purchased a new position in shares of Invesco Quality Municipal Income Trust in the 2nd quarter worth approximately $177,000.

Invesco Quality Municipal Income Trust Stock Performance

NYSE:IQI opened at $9.97 on Monday. The stock’s fifty day moving average is $10.24 and its 200 day moving average is $10.04. Invesco Quality Municipal Income Trust has a fifty-two week low of $8.88 and a fifty-two week high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.0631 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.76 annualized dividend and a dividend yield of 7.59%.

About Invesco Quality Municipal Income Trust

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.