Van ECK Associates Corp Raises Stake in Invesco Quality Municipal Income Trust (NYSE:IQI)

Van ECK Associates Corp lifted its holdings in Invesco Quality Municipal Income Trust (NYSE:IQI) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 396,171 shares of the financial services provider’s stock after purchasing an additional 15,560 shares during the quarter. Van ECK Associates Corp’s holdings in Invesco Quality Municipal Income Trust were worth $3,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE purchased a new position in Invesco Quality Municipal Income Trust in the 3rd quarter worth approximately $45,000. Fortitude Advisory Group L.L.C. purchased a new position in Invesco Quality Municipal Income Trust during the fourth quarter valued at approximately $101,000. Worth Asset Management LLC bought a new position in shares of Invesco Quality Municipal Income Trust during the 4th quarter worth approximately $102,000. Kercheville Advisors LLC acquired a new stake in Invesco Quality Municipal Income Trust in the third quarter worth about $115,000. Finally, Larson Financial Group LLC increased its position in shares of Invesco Quality Municipal Income Trust by 234.1% in the 3rd quarter. Larson Financial Group LLC now owns 11,025 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 7,725 shares during the period.

Invesco Quality Municipal Income Trust Stock Performance

Shares of NYSE IQI opened at $10.05 on Thursday. The company has a 50 day simple moving average of $9.85 and a two-hundred day simple moving average of $10.08. Invesco Quality Municipal Income Trust has a 12 month low of $9.23 and a 12 month high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.0631 per share. This represents a $0.76 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date is Tuesday, February 18th.

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.