Invesco Quality Municipal Income Trust (NYSE:IQI) Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC reduced its position in Invesco Quality Municipal Income Trust (NYSE:IQI) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 252,301 shares of the financial services provider’s stock after selling 13,970 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Invesco Quality Municipal Income Trust were worth $2,488,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. raised its holdings in Invesco Quality Municipal Income Trust by 25.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,052,817 shares of the financial services provider’s stock valued at $10,991,000 after acquiring an additional 210,578 shares during the last quarter. JFS Wealth Advisors LLC grew its position in shares of Invesco Quality Municipal Income Trust by 1,618.1% in the third quarter. JFS Wealth Advisors LLC now owns 143,790 shares of the financial services provider’s stock valued at $1,501,000 after purchasing an additional 135,421 shares in the last quarter. Absolute Investment Advisers LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust in the fourth quarter valued at approximately $628,000. International Assets Investment Management LLC lifted its position in Invesco Quality Municipal Income Trust by 959.9% during the third quarter. International Assets Investment Management LLC now owns 37,201 shares of the financial services provider’s stock worth $3,563,000 after buying an additional 33,691 shares in the last quarter. Finally, Rivernorth Capital Management LLC boosted its stake in Invesco Quality Municipal Income Trust by 1.9% during the third quarter. Rivernorth Capital Management LLC now owns 1,372,415 shares of the financial services provider’s stock worth $14,328,000 after buying an additional 25,143 shares during the last quarter.

Invesco Quality Municipal Income Trust Stock Up 0.6 %

Shares of IQI opened at $10.00 on Thursday. Invesco Quality Municipal Income Trust has a 52-week low of $9.23 and a 52-week high of $10.53. The stock has a fifty day simple moving average of $9.90 and a two-hundred day simple moving average of $10.09.

Invesco Quality Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a dividend of $0.0631 per share. This represents a $0.76 annualized dividend and a yield of 7.57%. The ex-dividend date is Tuesday, February 18th.

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.