Riverbridge Partners LLC Has $674,000 Stake in Invesco Quality Municipal Income Trust (NYSE:IQI)

Riverbridge Partners LLC reduced its stake in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,406 shares of the financial services provider’s stock after selling 11,328 shares during the quarter. Riverbridge Partners LLC’s holdings in Invesco Quality Municipal Income Trust were worth $674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in Invesco Quality Municipal Income Trust during the 3rd quarter worth approximately $142,000. MML Investors Services LLC boosted its stake in Invesco Quality Municipal Income Trust by 13.8% in the third quarter. MML Investors Services LLC now owns 45,443 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 5,495 shares in the last quarter. US Bancorp DE bought a new stake in shares of Invesco Quality Municipal Income Trust during the third quarter worth $45,000. Cetera Investment Advisers increased its stake in shares of Invesco Quality Municipal Income Trust by 1.4% in the second quarter. Cetera Investment Advisers now owns 129,407 shares of the financial services provider’s stock valued at $1,284,000 after buying an additional 1,827 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its stake in shares of Invesco Quality Municipal Income Trust by 33.4% in the third quarter. Stratos Wealth Advisors LLC now owns 266,271 shares of the financial services provider’s stock valued at $2,780,000 after buying an additional 66,606 shares in the last quarter.

Invesco Quality Municipal Income Trust Trading Down 0.6 %

Shares of NYSE IQI opened at $9.77 on Friday. Invesco Quality Municipal Income Trust has a 12-month low of $9.23 and a 12-month high of $10.53. The firm’s 50-day simple moving average is $9.93 and its 200 day simple moving average is $10.10.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given 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 dividend yield of 7.75%.

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.