Riverbridge Partners LLC Sells 11,328 Shares of Invesco Quality Municipal Income Trust (NYSE:IQI)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. US Bancorp DE bought a new stake in shares of Invesco Quality Municipal Income Trust during the 3rd quarter valued at $45,000. Worth Asset Management LLC bought a new stake in Invesco Quality Municipal Income Trust in the fourth quarter valued at about $102,000. Kercheville Advisors LLC bought a new stake in Invesco Quality Municipal Income Trust in the third quarter valued at about $115,000. Larson Financial Group LLC lifted its stake in 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 buying an additional 7,725 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Invesco Quality Municipal Income Trust during the third quarter worth about $142,000.

Invesco Quality Municipal Income Trust Stock Down 0.6 %

Shares of IQI stock opened at $9.77 on Friday. The stock has a 50-day moving average of $9.93 and a 200-day moving average of $10.10. Invesco Quality Municipal Income Trust has a one year low of $9.23 and a one year high of $10.53.

Invesco Quality Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.0631 dividend. This represents a $0.76 annualized dividend and a yield of 7.75%. The ex-dividend date is Friday, January 17th.

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.