Invesco Quality Municipal Income Trust (NYSE:IQI) Shares Acquired by Sit Investment Associates Inc.

Sit Investment Associates Inc. boosted its stake in Invesco Quality Municipal Income Trust (NYSE:IQI) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 802,800 shares of the financial services provider’s stock after purchasing an additional 22,345 shares during the period. Sit Investment Associates Inc.’s holdings in Invesco Quality Municipal Income Trust were worth $7,916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IQI. MML Investors Services LLC increased its holdings in shares of Invesco Quality Municipal Income Trust by 13.8% in the third quarter. MML Investors Services LLC now owns 45,443 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 5,495 shares during the period. Sanctuary Advisors LLC acquired a new position in Invesco Quality Municipal Income Trust in the 3rd quarter valued at $142,000. Rivernorth Capital Management LLC raised its position in 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 buying an additional 25,143 shares during the last quarter. Worth Asset Management LLC purchased a new stake in shares of Invesco Quality Municipal Income Trust in the fourth quarter valued at about $102,000. Finally, Capital Investment Advisors LLC boosted its holdings in shares of Invesco Quality Municipal Income Trust by 5.9% in the fourth quarter. Capital Investment Advisors LLC now owns 31,796 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 1,785 shares in the last quarter.

Invesco Quality Municipal Income Trust Price Performance

NYSE IQI opened at $9.62 on Friday. Invesco Quality Municipal Income Trust has a 52-week low of $9.23 and a 52-week high of $10.53. The firm has a 50-day moving average price of $9.90 and a 200 day moving average price of $10.00.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.0631 dividend. This represents a $0.76 annualized dividend and a yield of 7.88%. The ex-dividend date of this dividend is Wednesday, April 16th.

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.