HighTower Advisors LLC Has $154,000 Position in Invesco Quality Municipal Income Trust (NYSE:IQI)

HighTower Advisors LLC lessened its holdings in Invesco Quality Municipal Income Trust (NYSE:IQI) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,593 shares of the financial services provider’s stock after selling 1,300 shares during the period. HighTower Advisors LLC’s holdings in Invesco Quality Municipal Income Trust were worth $154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Independent Advisor Alliance acquired a new stake in Invesco Quality Municipal Income Trust during the 4th quarter worth about $627,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco Quality Municipal Income Trust in the fourth quarter worth approximately $11,965,000. Noble Wealth Management PBC purchased a new stake in shares of Invesco Quality Municipal Income Trust in the fourth quarter worth approximately $123,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Invesco Quality Municipal Income Trust during the fourth quarter worth approximately $334,000. Finally, Robinson Capital Management LLC increased its stake in Invesco Quality Municipal Income Trust by 29.0% in the 4th quarter. Robinson Capital Management LLC now owns 893,374 shares of the financial services provider’s stock valued at $8,809,000 after buying an additional 200,732 shares during the period.

Invesco Quality Municipal Income Trust Trading Down 1.6 %

IQI stock opened at $9.62 on Friday. The company has a 50 day moving average of $9.90 and a two-hundred day moving average of $10.00. 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 disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.0631 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.76 annualized dividend and a dividend yield of 7.88%.

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.