Invesco Quality Municipal Income Trust (NYSE:IQI) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its position in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 55.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,893 shares of the financial services provider’s stock after selling 20,764 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco Quality Municipal Income Trust were worth $178,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IQI. Larson Financial Group LLC purchased a new position in Invesco Quality Municipal Income Trust during the 2nd quarter valued at about $33,000. International Assets Investment Management LLC purchased a new position in shares of Invesco Quality Municipal Income Trust during the 2nd quarter worth approximately $35,000. US Bancorp DE purchased a new position in shares of Invesco Quality Municipal Income Trust during the 3rd quarter worth approximately $45,000. Kercheville Advisors LLC acquired a new position in shares of Invesco Quality Municipal Income Trust during the 3rd quarter worth approximately $115,000. Finally, Concurrent Investment Advisors LLC lifted its stake in Invesco Quality Municipal Income Trust by 14.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 15,559 shares of the financial services provider’s stock valued at $162,000 after buying an additional 1,925 shares in the last quarter.

Invesco Quality Municipal Income Trust Trading Down 0.1 %

Shares of NYSE:IQI opened at $9.59 on Thursday. The business’s fifty day moving average price is $10.05 and its two-hundred day moving average price is $10.12. Invesco Quality Municipal Income Trust has a one year low of $9.23 and a one year high of $10.53.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.0631 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.90%. The ex-dividend date of this dividend is Tuesday, December 17th.

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.