Wells Fargo & Company MN Sells 69,543 Shares of Invesco Quality Municipal Income Trust (NYSE:IQI)

Wells Fargo & Company MN decreased its position in Invesco Quality Municipal Income Trust (NYSE:IQI) by 24.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 209,528 shares of the financial services provider’s stock after selling 69,543 shares during the quarter. Wells Fargo & Company MN’s holdings in Invesco Quality Municipal Income Trust were worth $2,066,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rivernorth Capital Management LLC lifted its stake in shares of Invesco Quality Municipal Income Trust by 1.9% in the third quarter. Rivernorth Capital Management LLC now owns 1,372,415 shares of the financial services provider’s stock worth $14,328,000 after buying an additional 25,143 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $11,965,000. Robinson Capital Management LLC lifted its position 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 acquiring an additional 200,732 shares in the last quarter. LPL Financial LLC boosted its stake in Invesco Quality Municipal Income Trust by 198.7% during the 4th quarter. LPL Financial LLC now owns 505,154 shares of the financial services provider’s stock valued at $4,981,000 after purchasing an additional 336,042 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Invesco Quality Municipal Income Trust by 4.1% in the 4th quarter. Van ECK Associates Corp now owns 396,171 shares of the financial services provider’s stock worth $3,906,000 after purchasing an additional 15,560 shares in the last quarter.

Invesco Quality Municipal Income Trust Stock Performance

IQI stock opened at $9.36 on Friday. Invesco Quality Municipal Income Trust has a 1-year low of $8.86 and a 1-year high of $10.53. The business has a fifty day moving average price of $9.66 and a 200-day moving average price of $9.87.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.0631 per share. This represents a $0.76 annualized dividend and a yield of 8.09%. The ex-dividend date is Wednesday, April 16th.

Invesco Quality Municipal Income Trust 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.