Commerce Bank Sells 2,455 Shares of Invesco Quality Municipal Income Trust (NYSE:IQI)

Commerce Bank lowered its position in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 19.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 10,355 shares of the financial services provider’s stock after selling 2,455 shares during the quarter. Commerce Bank’s holdings in Invesco Quality Municipal Income Trust were worth $108,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in Invesco Quality Municipal Income Trust during the third quarter worth about $45,000. Raymond James & Associates lifted its stake in Invesco Quality Municipal Income Trust by 3.4% during the second quarter. Raymond James & Associates now owns 761,804 shares of the financial services provider’s stock worth $7,557,000 after purchasing an additional 24,912 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in Invesco Quality Municipal Income Trust by 5.2% during the second quarter. Atomi Financial Group Inc. now owns 21,123 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 1,038 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Invesco Quality Municipal Income Trust by 54.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 842,239 shares of the financial services provider’s stock worth $8,355,000 after purchasing an additional 296,661 shares during the last quarter. Finally, Tyche Wealth Partners LLC lifted its stake in shares of Invesco Quality Municipal Income Trust by 26.0% in the 2nd quarter. Tyche Wealth Partners LLC now owns 26,103 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 5,388 shares during the last quarter.

Invesco Quality Municipal Income Trust Price Performance

NYSE IQI opened at $10.21 on Thursday. Invesco Quality Municipal Income Trust has a 1-year low of $9.03 and a 1-year high of $10.53. The stock has a 50-day moving average of $10.19 and a 200-day moving average of $10.07.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.0631 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date of this dividend is Friday, November 15th.

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.