Dakota Wealth Management Lowers Holdings in Invesco Quality Municipal Income Trust (NYSE:IQI)

Dakota Wealth Management reduced its position in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 26.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,570 shares of the financial services provider’s stock after selling 17,700 shares during the period. Dakota Wealth Management’s holdings in Invesco Quality Municipal Income Trust were worth $518,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IQI. Atomi Financial Group Inc. increased its stake in Invesco Quality Municipal Income Trust by 5.2% in the 2nd quarter. Atomi Financial Group Inc. now owns 21,123 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 1,038 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Invesco Quality Municipal Income Trust by 1.3% during the second quarter. Commonwealth Equity Services LLC now owns 79,552 shares of the financial services provider’s stock worth $789,000 after purchasing an additional 1,045 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Invesco Quality Municipal Income Trust by 1.4% in the second quarter. Cetera Investment Advisers now owns 129,407 shares of the financial services provider’s stock worth $1,284,000 after purchasing an additional 1,827 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Invesco Quality Municipal Income Trust in the second quarter valued at approximately $33,000. Finally, International Assets Investment Management LLC bought a new stake in Invesco Quality Municipal Income Trust during the second quarter valued at approximately $35,000.

Invesco Quality Municipal Income Trust Price Performance

Shares of NYSE:IQI opened at $9.96 on Tuesday. The company’s fifty day moving average price is $10.28 and its 200-day moving average price is $9.97. Invesco Quality Municipal Income Trust has a one year low of $8.08 and a one year high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be issued a $0.0631 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date of this dividend is Wednesday, October 16th.

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.