Hennion & Walsh Asset Management Inc. Has $9.19 Million Stock Position in Invesco Quality Municipal Income Trust (NYSE:IQI)

Hennion & Walsh Asset Management Inc. lowered its position in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 931,509 shares of the financial services provider’s stock after selling 121,308 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Invesco Quality Municipal Income Trust were worth $9,185,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in Invesco Quality Municipal Income Trust during the 3rd quarter worth about $142,000. MML Investors Services LLC lifted its position in shares of Invesco Quality Municipal Income Trust by 13.8% in the third quarter. MML Investors Services LLC now owns 45,443 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 5,495 shares in the last quarter. US Bancorp DE acquired a new stake in shares of Invesco Quality Municipal Income Trust during the third quarter worth approximately $45,000. Cetera Investment Advisers grew its position in Invesco Quality Municipal Income Trust by 1.4% during the second quarter. Cetera Investment Advisers now owns 129,407 shares of the financial services provider’s stock valued at $1,284,000 after purchasing an additional 1,827 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its stake 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 valued at $2,780,000 after buying an additional 66,606 shares during the period.

Invesco Quality Municipal Income Trust Trading Up 0.9 %

IQI stock opened at $9.80 on Thursday. Invesco Quality Municipal Income Trust has a 12-month low of $9.23 and a 12-month high of $10.53. The company has a 50 day moving average of $9.95 and a two-hundred day moving average of $10.11.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.0631 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date is Friday, January 17th.

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.