63,554 Shares in Invesco Quality Municipal Income Trust (NYSE:IQI) Bought by Independent Advisor Alliance

Independent Advisor Alliance acquired a new position in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 63,554 shares of the financial services provider’s stock, valued at approximately $627,000.

Several other large investors have also recently added to or reduced their stakes in IQI. US Bancorp DE bought a new position in Invesco Quality Municipal Income Trust during the third quarter worth $45,000. Fortitude Advisory Group L.L.C. bought a new stake in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $101,000. Worth Asset Management LLC bought a new stake in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $102,000. Larson Financial Group LLC lifted its holdings 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 worth $115,000 after purchasing an additional 7,725 shares during the last quarter. Finally, Noble Wealth Management PBC bought a new stake in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $123,000.

Invesco Quality Municipal Income Trust Price Performance

Shares of NYSE IQI opened at $9.85 on Monday. 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 $9.92 and its 200 day simple moving average is $10.06.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.0631 dividend. This represents a $0.76 annualized dividend and a dividend yield of 7.69%. The ex-dividend date is Monday, March 17th.

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.