Successful Portfolios LLC Lowers Stock Holdings in Invesco Quality Municipal Income Trust (NYSE:IQI)

Successful Portfolios LLC lessened its stake in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,832 shares of the financial services provider’s stock after selling 2,475 shares during the quarter. Successful Portfolios LLC’s holdings in Invesco Quality Municipal Income Trust were worth $107,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. US Bancorp DE purchased a new stake in shares of Invesco Quality Municipal Income Trust in the third quarter valued at about $45,000. Worth Asset Management LLC acquired a new position in Invesco Quality Municipal Income Trust during the fourth quarter worth $102,000. Kercheville Advisors LLC purchased a new position in Invesco Quality Municipal Income Trust in the third quarter worth $115,000. Larson Financial Group LLC grew its stake in shares of Invesco Quality Municipal Income Trust by 234.1% during the 3rd quarter. Larson Financial Group LLC now owns 11,025 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 7,725 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust in the third quarter valued at about $142,000.

Invesco Quality Municipal Income Trust Price Performance

Shares of NYSE:IQI opened at $9.80 on Monday. The business’s 50 day simple moving average is $9.94 and its 200-day simple moving average is $10.11. Invesco Quality Municipal Income Trust has a 12 month low of $9.23 and a 12 month high of $10.53.

Invesco Quality Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.0631 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.73%. The ex-dividend date is Friday, January 17th.

Invesco Quality Municipal Income Trust Company Profile

Invesco Quality Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.