16,348 Shares in Invesco Quality Municipal Income Trust (NYSE:IQI) Acquired by Money Concepts Capital Corp

Money Concepts Capital Corp purchased a new position in Invesco Quality Municipal Income Trust (NYSE:IQI) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 16,348 shares of the financial services provider’s stock, valued at approximately $161,000.

Several other hedge funds have also bought and sold shares of IQI. Hennion & Walsh Asset Management Inc. boosted its position in Invesco Quality Municipal Income Trust by 25.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,052,817 shares of the financial services provider’s stock worth $10,991,000 after purchasing an additional 210,578 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in Invesco Quality Municipal Income Trust by 1,618.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 143,790 shares of the financial services provider’s stock worth $1,501,000 after purchasing an additional 135,421 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in Invesco Quality Municipal Income Trust by 33.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 266,271 shares of the financial services provider’s stock worth $2,780,000 after purchasing an additional 66,606 shares in the last quarter. Absolute Investment Advisers LLC purchased a new stake in Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $628,000. Finally, International Assets Investment Management LLC boosted its position in Invesco Quality Municipal Income Trust by 959.9% in the 3rd quarter. International Assets Investment Management LLC now owns 37,201 shares of the financial services provider’s stock worth $3,563,000 after purchasing an additional 33,691 shares in the last quarter.

Invesco Quality Municipal Income Trust Stock Performance

Invesco Quality Municipal Income Trust stock opened at $10.06 on Friday. Invesco Quality Municipal Income Trust has a 12 month low of $9.23 and a 12 month high of $10.53. The stock’s 50 day simple moving average is $9.90 and its two-hundred day simple moving average is $10.09.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.0631 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.53%.

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.