City of London Investment Management Co. Ltd. Sells 115,473 Shares of Invesco Quality Municipal Income Trust $IQI

City of London Investment Management Co. Ltd. lessened its holdings in Invesco Quality Municipal Income Trust (NYSE:IQI) by 49.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 118,449 shares of the financial services provider’s stock after selling 115,473 shares during the period. City of London Investment Management Co. Ltd.’s holdings in Invesco Quality Municipal Income Trust were worth $1,111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC boosted its stake in shares of Invesco Quality Municipal Income Trust by 17.3% during the first quarter. LPL Financial LLC now owns 592,689 shares of the financial services provider’s stock valued at $5,737,000 after purchasing an additional 87,535 shares during the period. Nuveen LLC bought a new stake in Invesco Quality Municipal Income Trust during the 1st quarter valued at about $538,000. Raymond James Financial Inc. boosted its position in Invesco Quality Municipal Income Trust by 3.9% in the 1st quarter. Raymond James Financial Inc. now owns 1,260,801 shares of the financial services provider’s stock valued at $12,205,000 after buying an additional 47,267 shares during the period. AlphaCore Capital LLC purchased a new stake in Invesco Quality Municipal Income Trust in the 1st quarter valued at about $255,000. Finally, XTX Topco Ltd purchased a new stake in Invesco Quality Municipal Income Trust in the 1st quarter valued at about $243,000.

Invesco Quality Municipal Income Trust Stock Down 0.0%

Shares of NYSE:IQI opened at $10.03 on Friday. The firm’s 50 day simple moving average is $9.94 and its 200-day simple moving average is $9.57. Invesco Quality Municipal Income Trust has a one year low of $8.86 and a one year high of $10.31.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.0631 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Monday, November 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.