Advisors Asset Management Inc. Boosts Stock Holdings in Invesco Quality Municipal Income Trust $IQI

Advisors Asset Management Inc. lifted its holdings in Invesco Quality Municipal Income Trust (NYSE:IQI) by 105.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 239,865 shares of the financial services provider’s stock after purchasing an additional 122,849 shares during the period. Advisors Asset Management Inc. owned about 0.45% of Invesco Quality Municipal Income Trust worth $2,363,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IQI. Cornerstone Wealth Management LLC raised its stake in Invesco Quality Municipal Income Trust by 24.0% in the third quarter. Cornerstone Wealth Management LLC now owns 14,269 shares of the financial services provider’s stock worth $141,000 after buying an additional 2,759 shares in the last quarter. Quent Capital LLC bought a new position in shares of Invesco Quality Municipal Income Trust in the 3rd quarter worth $27,000. Successful Portfolios LLC boosted its position in Invesco Quality Municipal Income Trust by 27.7% during the third quarter. Successful Portfolios LLC now owns 13,832 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 3,000 shares in the last quarter. Cetera Investment Advisers grew its stake in Invesco Quality Municipal Income Trust by 3.1% in the second quarter. Cetera Investment Advisers now owns 116,625 shares of the financial services provider’s stock valued at $1,094,000 after purchasing an additional 3,467 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in Invesco Quality Municipal Income Trust by 18.2% in the second quarter. Concurrent Investment Advisors LLC now owns 29,212 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 4,500 shares in the last quarter.

Invesco Quality Municipal Income Trust Price Performance

IQI stock opened at $10.38 on Monday. Invesco Quality Municipal Income Trust has a one year low of $8.86 and a one year high of $10.42. The firm has a 50-day simple moving average of $10.03 and a two-hundred day simple moving average of $9.88.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a $0.0631 dividend. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Tuesday, February 17th.

Insider Activity

In other news, Portfolio Manager Jack Connelly sold 3,900 shares of the stock in a transaction 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 completion of the sale, the portfolio manager owned 5,500 shares in the company, valued at approximately $55,110. This represents a 41.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Invesco Quality Municipal Income Trust Company 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.