Allspring Global Investments Holdings LLC Has $6.34 Million Stake in Invesco Quality Municipal Income Trust $IQI

Allspring Global Investments Holdings LLC lowered its stake in Invesco Quality Municipal Income Trust (NYSE:IQI) by 27.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 643,184 shares of the financial services provider’s stock after selling 239,795 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.22% of Invesco Quality Municipal Income Trust worth $6,335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IQI. World Investment Advisors acquired a new stake in Invesco Quality Municipal Income Trust in the third quarter worth $112,000. Successful Portfolios LLC boosted its position in shares of Invesco Quality Municipal Income Trust by 27.7% during the 3rd quarter. Successful Portfolios LLC now owns 13,832 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 3,000 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust in the 3rd quarter valued at about $69,000. Hardin Capital Partners LLC increased its position in Invesco Quality Municipal Income Trust by 30.0% in the 3rd quarter. Hardin Capital Partners LLC now owns 32,500 shares of the financial services provider’s stock valued at $320,000 after buying an additional 7,500 shares in the last quarter. Finally, Centaurus Financial Inc. increased its position in Invesco Quality Municipal Income Trust by 126.4% in the 2nd quarter. Centaurus Financial Inc. now owns 98,412 shares of the financial services provider’s stock valued at $923,000 after buying an additional 54,950 shares in the last quarter.

Invesco Quality Municipal Income Trust Trading Up 0.5%

Shares of NYSE:IQI opened at $10.00 on Wednesday. The business’s 50 day simple moving average is $9.99 and its two-hundred day simple moving average is $9.73. Invesco Quality Municipal Income Trust has a 52-week low of $8.86 and a 52-week high of $10.14.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a $0.0631 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Thursday, January 15th.

Invesco Quality Municipal Income Trust Profile

Invesco Quality Municipal Income Trust (NYSE: IQI) is a closed-end management investment company listed on the New York Stock Exchange. Managed by Invesco Advisers, Inc, the fund’s primary objective is to provide investors with a high level of current income that is exempt from federal income taxes. To achieve this, the trust invests predominantly in investment-grade municipal securities issued by U.S. states, municipalities, and their agencies.

The portfolio holds a diversified blend of municipal bonds, including general obligation bonds, revenue bonds, and other tax-exempt obligations.