Van ECK Associates Corp Buys 50,599 Shares of Invesco Quality Municipal Income Trust (NYSE:IQI)

Van ECK Associates Corp raised its stake in Invesco Quality Municipal Income Trust (NYSE:IQI) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 402,317 shares of the financial services provider’s stock after acquiring an additional 50,599 shares during the period. Van ECK Associates Corp’s holdings in Invesco Quality Municipal Income Trust were worth $3,826,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. boosted its position in shares of Invesco Quality Municipal Income Trust by 1.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 122,678 shares of the financial services provider’s stock valued at $1,029,000 after acquiring an additional 1,922 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Invesco Quality Municipal Income Trust in the 3rd quarter worth $41,000. Commonwealth Equity Services LLC increased its holdings in shares of Invesco Quality Municipal Income Trust by 10.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 75,869 shares of the financial services provider’s stock worth $637,000 after buying an additional 7,100 shares during the last quarter. Relyea Zuckerberg Hanson LLC bought a new stake in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth about $108,000. Finally, Stonebrook Private Inc. bought a new position in shares of Invesco Quality Municipal Income Trust in the 4th quarter valued at about $132,000.

Invesco Quality Municipal Income Trust Price Performance

Shares of NYSE IQI opened at $9.49 on Monday. Invesco Quality Municipal Income Trust has a 1-year low of $8.05 and a 1-year high of $9.75. The business’s 50 day moving average is $9.51 and its two-hundred day moving average is $9.31.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be given a dividend of $0.0403 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.10%. The ex-dividend date is Wednesday, May 15th.

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.