Money Concepts Capital Corp Acquires Shares of 16,348 Invesco Quality Municipal Income Trust (NYSE:IQI)

Money Concepts Capital Corp acquired a new stake in Invesco Quality Municipal Income Trust (NYSE:IQI) during the fourth quarter, Holdings Channel reports. The fund acquired 16,348 shares of the financial services provider’s stock, valued at approximately $161,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IQI. US Bancorp DE purchased a new position in Invesco Quality Municipal Income Trust in the 3rd quarter valued at $45,000. Fortitude Advisory Group L.L.C. acquired a new stake in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth $101,000. Worth Asset Management LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth $102,000. Larson Financial Group LLC raised its holdings 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 acquiring an additional 7,725 shares during the period. Finally, Kercheville Advisors LLC purchased a new position in shares of Invesco Quality Municipal Income Trust during the 3rd quarter worth $115,000.

Invesco Quality Municipal Income Trust Trading Up 0.5 %

NYSE IQI opened at $10.06 on Friday. Invesco Quality Municipal Income Trust has a 52 week low of $9.23 and a 52 week high of $10.53. The business’s fifty day simple moving average is $9.90 and its 200-day simple moving average is $10.09.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.0631 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.76 annualized dividend and a dividend yield of 7.53%.

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.