International Assets Investment Management LLC Makes New $3.44 Million Investment in Invesco Quality Municipal Income Trust (NYSE:IQI)

International Assets Investment Management LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 32,665 shares of the financial services provider’s stock, valued at approximately $3,435,000.

Several other hedge funds also recently added to or reduced their stakes in IQI. Wolverine Asset Management LLC purchased a new stake in Invesco Quality Municipal Income Trust in the third quarter valued at approximately $41,000. Relyea Zuckerberg Hanson LLC purchased a new position in shares of Invesco Quality Municipal Income Trust during the fourth quarter worth $108,000. Atomi Financial Group Inc. acquired a new position in Invesco Quality Municipal Income Trust during the third quarter valued at $157,000. Ackerman Capital Advisors LLC purchased a new stake in Invesco Quality Municipal Income Trust in the fourth quarter valued at $198,000. Finally, Landscape Capital Management L.L.C. raised its stake in shares of Invesco Quality Municipal Income Trust by 115.1% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 36,055 shares of the financial services provider’s stock valued at $303,000 after buying an additional 19,292 shares during the last quarter.

Invesco Quality Municipal Income Trust Stock Performance

Invesco Quality Municipal Income Trust stock opened at $9.65 on Friday. The stock’s 50 day simple moving average is $9.52 and its two-hundred day simple moving average is $9.33. Invesco Quality Municipal Income Trust has a 12 month low of $8.05 and a 12 month high of $9.75.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend is Wednesday, May 15th.

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.