Allspring Global Investments Holdings LLC Has $3.72 Million Stock Position in Invesco Quality Municipal Income Trust $IQI

Allspring Global Investments Holdings LLC lowered its holdings in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 42.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 372,967 shares of the financial services provider’s stock after selling 270,217 shares during the period. Allspring Global Investments Holdings LLC owned about 0.71% of Invesco Quality Municipal Income Trust worth $3,715,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Compound Planning Inc. lifted its holdings in shares of Invesco Quality Municipal Income Trust by 10.2% in the third quarter. Compound Planning Inc. now owns 22,010 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 2,045 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 2,759 shares during the last quarter. Quent Capital LLC bought a new position in shares of Invesco Quality Municipal Income Trust in the third quarter worth about $27,000. Successful Portfolios LLC lifted its holdings in shares of Invesco Quality Municipal Income Trust by 27.7% in the third quarter. Successful Portfolios LLC now owns 13,832 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. lifted its holdings in shares of Invesco Quality Municipal Income Trust by 34.1% in the third quarter. Fortitude Advisory Group L.L.C. now owns 20,861 shares of the financial services provider’s stock worth $205,000 after acquiring an additional 5,307 shares during the last quarter.

Invesco Quality Municipal Income Trust Price Performance

IQI stock opened at $9.66 on Wednesday. Invesco Quality Municipal Income Trust has a 12 month low of $8.86 and a 12 month high of $10.42. The firm has a 50-day moving average price of $9.98 and a 200-day moving average price of $9.98.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 14th will be given a $0.0631 dividend. The ex-dividend date is Tuesday, April 14th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

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.