Alpine Global Management LLC Buys New Stake in Invesco Quality Municipal Income Trust $IQI

Alpine Global Management LLC purchased a new position in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 112,500 shares of the financial services provider’s stock, valued at approximately $1,108,000. Alpine Global Management LLC owned approximately 0.21% of Invesco Quality Municipal Income Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IQI. Hennion & Walsh Asset Management Inc. raised its position in shares of Invesco Quality Municipal Income Trust by 46.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 845,114 shares of the financial services provider’s stock worth $8,324,000 after acquiring an additional 268,480 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Invesco Quality Municipal Income Trust by 144.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 311,786 shares of the financial services provider’s stock worth $2,919,000 after acquiring an additional 184,049 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Invesco Quality Municipal Income Trust by 105.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 239,865 shares of the financial services provider’s stock valued at $2,363,000 after acquiring an additional 122,849 shares during the period. Raymond James Financial Inc. grew its position in shares of Invesco Quality Municipal Income Trust by 7.4% during the 2nd quarter. Raymond James Financial Inc. now owns 1,353,664 shares of the financial services provider’s stock valued at $12,697,000 after acquiring an additional 92,863 shares during the period. Finally, North Ground Capital increased its stake in shares of Invesco Quality Municipal Income Trust by 61.3% in the 3rd quarter. North Ground Capital now owns 213,750 shares of the financial services provider’s stock valued at $2,105,000 after purchasing an additional 81,225 shares in the last quarter.

Invesco Quality Municipal Income Trust Stock Performance

Shares of Invesco Quality Municipal Income Trust stock opened at $10.02 on Wednesday. Invesco Quality Municipal Income Trust has a twelve month low of $8.86 and a twelve month high of $10.42. The business has a 50-day moving average price of $10.10 and a 200 day moving average price of $9.99.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $0.0631 dividend. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

Insider Activity at Invesco Quality Municipal Income Trust

In other news, Portfolio Manager Jack Connelly sold 3,900 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $10.02, for a total transaction of $39,078.00. Following the transaction, the portfolio manager owned 5,500 shares in the company, valued at $55,110. This trade represents a 41.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

About Invesco Quality Municipal Income Trust

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.