Hennion & Walsh Asset Management Inc. Decreases Position in Invesco Quality Municipal Income Trust $IQI

Hennion & Walsh Asset Management Inc. lessened its stake in Invesco Quality Municipal Income Trust (NYSE:IQI) by 54.9% during the second quarter, HoldingsChannel reports. The firm owned 367,504 shares of the financial services provider’s stock after selling 447,216 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Invesco Quality Municipal Income Trust were worth $3,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Royal Bank of Canada increased its position in Invesco Quality Municipal Income Trust by 3.3% in the first quarter. Royal Bank of Canada now owns 214,022 shares of the financial services provider’s stock worth $2,072,000 after buying an additional 6,738 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Invesco Quality Municipal Income Trust by 23.7% in the first quarter. NewEdge Advisors LLC now owns 112,245 shares of the financial services provider’s stock valued at $1,087,000 after buying an additional 21,515 shares during the period. Raymond James Financial Inc. lifted its position in shares of Invesco Quality Municipal Income Trust by 7.4% during the 2nd quarter. Raymond James Financial Inc. now owns 1,353,664 shares of the financial services provider’s stock valued at $12,697,000 after buying an additional 92,863 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Invesco Quality Municipal Income Trust by 144.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 311,786 shares of the financial services provider’s stock valued at $2,919,000 after buying an additional 184,049 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Invesco Quality Municipal Income Trust by 149.7% during the 2nd quarter. Bank of America Corp DE now owns 47,922 shares of the financial services provider’s stock worth $450,000 after acquiring an additional 28,732 shares during the period.

Invesco Quality Municipal Income Trust Price Performance

Shares of IQI opened at $10.06 on Tuesday. The business has a 50-day moving average of $10.05 and a 200 day moving average of $9.96. Invesco Quality Municipal Income Trust has a fifty-two week low of $9.26 and a fifty-two week high of $10.42.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a dividend of $0.0631 per share. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Monday, August 17th.

Invesco Quality Municipal Income Trust Company Profile

Invesco Quality Municipal Income Trust (NYSE: IQI) is a closed-end management investment company listed on the New York Stock Exchange. Managed by Invesco Advisers, Inc, the fund’s primary objective is to provide investors with a high level of current income that is exempt from federal income taxes. To achieve this, the trust invests predominantly in investment-grade municipal securities issued by U.S. states, municipalities, and their agencies.

The portfolio holds a diversified blend of municipal bonds, including general obligation bonds, revenue bonds, and other tax-exempt obligations.