Commerce Bank Trims Holdings in Invesco Quality Municipal Income Trust (NYSE:IQI)

Commerce Bank cut its stake in Invesco Quality Municipal Income Trust (NYSE:IQI) by 19.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,355 shares of the financial services provider’s stock after selling 2,455 shares during the quarter. Commerce Bank’s holdings in Invesco Quality Municipal Income Trust were worth $108,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. grew its position in shares of Invesco Quality Municipal Income Trust by 25.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,052,817 shares of the financial services provider’s stock valued at $10,991,000 after purchasing an additional 210,578 shares in the last quarter. Raymond James & Associates grew its position in shares of Invesco Quality Municipal Income Trust by 3.4% in the second quarter. Raymond James & Associates now owns 761,804 shares of the financial services provider’s stock valued at $7,557,000 after purchasing an additional 24,912 shares in the last quarter. Stratos Wealth Advisors LLC grew its position in shares of Invesco Quality Municipal Income Trust by 33.4% in the third quarter. Stratos Wealth Advisors LLC now owns 266,271 shares of the financial services provider’s stock valued at $2,780,000 after purchasing an additional 66,606 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Invesco Quality Municipal Income Trust in the second quarter valued at $1,803,000. Finally, JFS Wealth Advisors LLC grew its position in shares of Invesco Quality Municipal Income Trust by 1,618.1% in the third quarter. JFS Wealth Advisors LLC now owns 143,790 shares of the financial services provider’s stock valued at $1,501,000 after purchasing an additional 135,421 shares in the last quarter.

Invesco Quality Municipal Income Trust Stock Performance

Invesco Quality Municipal Income Trust stock opened at $10.21 on Thursday. Invesco Quality Municipal Income Trust has a 52 week low of $9.03 and a 52 week high of $10.53. The business has a 50-day simple moving average of $10.19 and a 200 day simple moving average of $10.07.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.0631 per share. This represents a $0.76 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend is Friday, November 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.