NINE MASTS CAPITAL Ltd Reduces Stake in Invesco Quality Municipal Income Trust (NYSE:IQI)

NINE MASTS CAPITAL Ltd reduced its holdings in Invesco Quality Municipal Income Trust (NYSE:IQI) by 7.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 26,474 shares of the financial services provider’s stock after selling 2,037 shares during the quarter. NINE MASTS CAPITAL Ltd’s holdings in Invesco Quality Municipal Income Trust were worth $263,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Atomi Financial Group Inc. boosted its holdings in Invesco Quality Municipal Income Trust by 5.2% in the second quarter. Atomi Financial Group Inc. now owns 21,123 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 1,038 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Invesco Quality Municipal Income Trust by 1.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 79,552 shares of the financial services provider’s stock worth $789,000 after purchasing an additional 1,045 shares during the period. Larson Financial Group LLC bought a new stake in shares of Invesco Quality Municipal Income Trust during the 2nd quarter valued at about $33,000. International Assets Investment Management LLC purchased a new position in shares of Invesco Quality Municipal Income Trust during the second quarter valued at about $35,000. Finally, Financial Management Professionals Inc. purchased a new position in shares of Invesco Quality Municipal Income Trust during the first quarter valued at about $48,000.

Invesco Quality Municipal Income Trust Stock Performance

Shares of IQI opened at $10.35 on Thursday. The company has a 50-day simple moving average of $10.14 and a two-hundred day simple moving average of $9.81. Invesco Quality Municipal Income Trust has a one year low of $8.05 and a one year high of $10.37.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be given a dividend of $0.0631 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.76 annualized dividend and a dividend yield of 7.32%.

Invesco Quality Municipal Income Trust Company 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.