Invesco Quality Municipal Income Trust $IQI Shares Sold by Mackay Shields LLC

Mackay Shields LLC lessened its stake in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 0.9% in the 2nd quarter, Holdings Channel reports. The firm owned 186,566 shares of the financial services provider’s stock after selling 1,740 shares during the period. Mackay Shields LLC’s holdings in Invesco Quality Municipal Income Trust were worth $1,750,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC raised its position in shares of Invesco Quality Municipal Income Trust by 58.1% during the 1st quarter. Sound Income Strategies LLC now owns 3,198 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,175 shares during the last quarter. Olistico Wealth LLC acquired a new position in shares of Invesco Quality Municipal Income Trust during the 2nd quarter worth about $110,000. Elequin Capital LP acquired a new position in shares of Invesco Quality Municipal Income Trust during the 1st quarter worth about $118,000. River Street Advisors LLC acquired a new position in shares of Invesco Quality Municipal Income Trust during the 2nd quarter worth about $143,000. Finally, Sowell Financial Services LLC acquired a new position in shares of Invesco Quality Municipal Income Trust during the 1st quarter worth about $148,000.

Invesco Quality Municipal Income Trust Stock Performance

IQI opened at $9.95 on Friday. Invesco Quality Municipal Income Trust has a twelve month low of $8.86 and a twelve month high of $10.42. The company has a 50-day moving average price of $9.64 and a 200 day moving average price of $9.46.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Thursday, October 16th will be paid a dividend of $0.0631 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Thursday, October 16th.

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.