Successful Portfolios LLC Cuts Position in Invesco Quality Municipal Income Trust (NYSE:IQI)

Successful Portfolios LLC trimmed its holdings in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 18.6% during the fourth quarter, HoldingsChannel reports. The institutional investor 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 institutional investors also recently bought and sold shares of IQI. US Bancorp DE purchased a new stake in Invesco Quality Municipal Income Trust during the 3rd quarter worth $45,000. Worth Asset Management LLC acquired a new position in Invesco Quality Municipal Income Trust during the 4th quarter worth approximately $102,000. Kercheville Advisors LLC acquired a new position in shares of Invesco Quality Municipal Income Trust during the third quarter worth $115,000. Larson Financial Group LLC boosted its stake in shares of Invesco Quality Municipal Income Trust by 234.1% in the third quarter. Larson Financial Group LLC now owns 11,025 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 7,725 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Invesco Quality Municipal Income Trust during the 3rd quarter valued at $142,000.

Invesco Quality Municipal Income Trust Stock Performance

Shares of Invesco Quality Municipal Income Trust stock opened at $9.80 on Monday. Invesco Quality Municipal Income Trust has a 1-year low of $9.23 and a 1-year high of $10.53. The business has a 50-day moving average of $9.94 and a 200-day moving average of $10.11.

Invesco Quality Municipal Income Trust Dividend Announcement

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

Invesco Quality Municipal Income Trust 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.