Dakota Wealth Management Has $452,000 Position in Invesco Quality Municipal Income Trust (NYSE:IQI)

Dakota Wealth Management lessened its position in Invesco Quality Municipal Income Trust (NYSE:IQI) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,825 shares of the financial services provider’s stock after selling 3,745 shares during the period. Dakota Wealth Management’s holdings in Invesco Quality Municipal Income Trust were worth $452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IQI. Capital Investment Advisors LLC grew its holdings in Invesco Quality Municipal Income Trust by 5.9% during the fourth quarter. Capital Investment Advisors LLC now owns 31,796 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 1,785 shares during the period. Worth Asset Management LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust in the fourth quarter valued at approximately $102,000. Rivernorth Capital Management LLC boosted its stake in shares of Invesco Quality Municipal Income Trust by 1.9% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,372,415 shares of the financial services provider’s stock worth $14,328,000 after acquiring an additional 25,143 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Invesco Quality Municipal Income Trust during the 3rd quarter worth approximately $142,000. Finally, MML Investors Services LLC raised its stake in Invesco Quality Municipal Income Trust by 13.8% in the 3rd quarter. MML Investors Services LLC now owns 45,443 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 5,495 shares during the period.

Invesco Quality Municipal Income Trust Stock Up 0.2 %

IQI stock opened at $9.79 on Friday. Invesco Quality Municipal Income Trust has a one year low of $9.23 and a one year high of $10.53. The company has a fifty day moving average price of $9.92 and a two-hundred day moving average price of $10.10.

Invesco Quality Municipal Income Trust Dividend Announcement

The company 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 $0.0631 dividend. This represents a $0.76 annualized dividend and a dividend yield of 7.74%. The ex-dividend date of this dividend is Friday, January 17th.

About Invesco Quality Municipal Income Trust

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.