Scarborough Advisors LLC Purchases Shares of 29,187 Invesco Quality Municipal Income Trust (NYSE:IQI)

Scarborough Advisors LLC acquired a new stake in Invesco Quality Municipal Income Trust (NYSE:IQI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,187 shares of the financial services provider’s stock, valued at approximately $288,000.

A number of other hedge funds have also recently made changes to their positions in the business. US Bancorp DE bought a new position in Invesco Quality Municipal Income Trust in the 3rd quarter valued at about $45,000. Fortitude Advisory Group L.L.C. purchased a new position in shares of Invesco Quality Municipal Income Trust during the fourth quarter valued at approximately $101,000. Worth Asset Management LLC purchased a new position in shares of Invesco Quality Municipal Income Trust during the fourth quarter valued at approximately $102,000. Kercheville Advisors LLC bought a new stake in Invesco Quality Municipal Income Trust during the third quarter worth $115,000. Finally, Larson Financial Group LLC raised its position in Invesco Quality Municipal Income Trust by 234.1% in the 3rd quarter. Larson Financial Group LLC now owns 11,025 shares of the financial services provider’s stock valued at $115,000 after buying an additional 7,725 shares during the last quarter.

Invesco Quality Municipal Income Trust Stock Up 1.5 %

IQI opened at $10.06 on Friday. Invesco Quality Municipal Income Trust has a 1 year low of $9.23 and a 1 year high of $10.53. The firm’s fifty day moving average price is $9.87 and its two-hundred day moving average price is $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. Shareholders of record on Tuesday, February 18th will be given a $0.0631 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 7.53%. The ex-dividend date is Tuesday, February 18th.

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.