Invesco Quality Municipal Income Trust (IQI) Shares Bought by Sit Investment Associates Inc.

Sit Investment Associates Inc. grew its position in Invesco Quality Municipal Income Trust (NYSE:IQI) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 583,141 shares of the financial services provider’s stock after acquiring an additional 75,608 shares during the period. Sit Investment Associates Inc. owned about 1.10% of Invesco Quality Municipal Income Trust worth $7,295,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Robinson Capital Management LLC boosted its holdings in shares of Invesco Quality Municipal Income Trust by 55.0% during the 2nd quarter. Robinson Capital Management LLC now owns 534,946 shares of the financial services provider’s stock worth $6,815,000 after buying an additional 189,850 shares during the period. Van ECK Associates Corp boosted its holdings in Invesco Quality Municipal Income Trust by 5.2% in the 3rd quarter. Van ECK Associates Corp now owns 152,680 shares of the financial services provider’s stock valued at $1,954,000 after purchasing an additional 7,550 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Invesco Quality Municipal Income Trust by 7.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 108,745 shares of the financial services provider’s stock valued at $1,392,000 after purchasing an additional 7,181 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Invesco Quality Municipal Income Trust by 8.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 85,244 shares of the financial services provider’s stock valued at $1,091,000 after purchasing an additional 6,297 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Invesco Quality Municipal Income Trust by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 65,707 shares of the financial services provider’s stock valued at $837,000 after buying an additional 4,379 shares in the last quarter. 11.58% of the stock is owned by institutional investors.

Shares of Invesco Quality Municipal Income Trust (IQI) traded down $0.02 during trading hours on Friday, hitting $11.87. 291,871 shares of the stock traded hands, compared to its average volume of 134,394. Invesco Quality Municipal Income Trust has a one year low of $11.78 and a one year high of $13.04.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be given a dividend of $0.0574 per share. This represents a $0.69 dividend on an annualized basis and a yield of 5.80%. This is a boost from Invesco Quality Municipal Income Trust’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, February 14th.

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Invesco Quality Municipal Income Trust Profile

Invesco Quality Municipal Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with current income, which is exempt from federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal securities that are rated investment grade at the time of investment.

Institutional Ownership by Quarter for Invesco Quality Municipal Income Trust (NYSE:IQI)

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