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

Advisors Asset Management Inc. lifted its position in Invesco Quality Municipal Income Trust (NYSE:IQI) by 105.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 239,865 shares of the financial services provider’s stock after purchasing an additional 122,849 shares during the quarter. Advisors Asset Management Inc.’s holdings in Invesco Quality Municipal Income Trust were worth $2,363,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IQI. Raymond James Financial Inc. increased its holdings in Invesco Quality Municipal Income Trust by 7.4% in the 2nd quarter. Raymond James Financial Inc. now owns 1,353,664 shares of the financial services provider’s stock worth $12,697,000 after buying an additional 92,863 shares during the period. Guggenheim Capital LLC raised its stake in shares of Invesco Quality Municipal Income Trust by 2.6% during the 2nd quarter. Guggenheim Capital LLC now owns 983,635 shares of the financial services provider’s stock valued at $9,226,000 after buying an additional 25,067 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake 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 buying an additional 268,480 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco Quality Municipal Income Trust by 144.1% during the second 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 during the period. Finally, Royal Bank of Canada raised its position in Invesco Quality Municipal Income Trust by 3.3% during the first quarter. Royal Bank of Canada now owns 214,022 shares of the financial services provider’s stock valued at $2,072,000 after acquiring an additional 6,738 shares in the last quarter.

Invesco Quality Municipal Income Trust Price Performance

Shares of NYSE:IQI opened at $10.38 on Monday. Invesco Quality Municipal Income Trust has a 12-month low of $8.86 and a 12-month high of $10.42. The business has a 50 day moving average of $10.03 and a two-hundred day 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. Investors of record on Tuesday, February 17th will be given a dividend of $0.0631 per share. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Tuesday, February 17th.

Insider Buying and Selling at Invesco Quality Municipal Income Trust

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

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.