Riverbridge Partners LLC Buys 1,921 Shares of Invesco Quality Municipal Income Trust $IQI

Riverbridge Partners LLC raised its stake in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 44,873 shares of the financial services provider’s stock after purchasing an additional 1,921 shares during the quarter. Riverbridge Partners LLC owned 0.08% of Invesco Quality Municipal Income Trust worth $421,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in shares of Invesco Quality Municipal Income Trust by 23.7% during the 1st quarter. NewEdge Advisors LLC now owns 112,245 shares of the financial services provider’s stock worth $1,087,000 after purchasing an additional 21,515 shares during the period. Royal Bank of Canada increased its holdings in shares of Invesco Quality Municipal Income Trust by 3.3% during the 1st quarter. Royal Bank of Canada now owns 214,022 shares of the financial services provider’s stock worth $2,072,000 after purchasing an additional 6,738 shares during the period. North Ground Capital increased its holdings in shares of Invesco Quality Municipal Income Trust by 2.3% during the 1st quarter. North Ground Capital now owns 147,250 shares of the financial services provider’s stock worth $1,383,000 after purchasing an additional 3,346 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco Quality Municipal Income Trust by 14.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 35,457 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 4,610 shares during the period. Finally, Compound Planning Inc. increased its holdings in shares of Invesco Quality Municipal Income Trust by 11.7% during the 1st quarter. Compound Planning Inc. now owns 24,276 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 2,552 shares during the period.

Invesco Quality Municipal Income Trust Stock Performance

NYSE:IQI opened at $9.85 on Friday. The firm’s 50-day moving average is $9.50 and its 200-day moving average is $9.45. Invesco Quality Municipal Income Trust has a 52-week low of $8.86 and a 52-week high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.0631 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Tuesday, September 16th.

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.