Fiera Capital Corp trimmed its holdings in Invesco Quality Municipal Income Trust (NYSE:IQI) by 65.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,628 shares of the financial services provider’s stock after selling 161,832 shares during the period. Fiera Capital Corp owned about 0.16% of Invesco Quality Municipal Income Trust worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in IQI. Accuvest Global Advisors bought a new position in shares of Invesco Quality Municipal Income Trust in the second quarter valued at $904,000. First Trust Advisors LP lifted its stake in shares of Invesco Quality Municipal Income Trust by 12.2% in the second quarter. First Trust Advisors LP now owns 56,814 shares of the financial services provider’s stock valued at $724,000 after buying an additional 6,167 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Invesco Quality Municipal Income Trust by 0.5% in the second quarter. Advisors Asset Management Inc. now owns 430,632 shares of the financial services provider’s stock valued at $5,486,000 after buying an additional 2,346 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of Invesco Quality Municipal Income Trust by 1.2% in the second quarter. JFS Wealth Advisors LLC now owns 191,986 shares of the financial services provider’s stock valued at $2,446,000 after buying an additional 2,336 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its stake in shares of Invesco Quality Municipal Income Trust by 17.5% in the second quarter. Wedbush Securities Inc. now owns 13,448 shares of the financial services provider’s stock valued at $171,000 after buying an additional 2,000 shares in the last quarter. 11.56% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Quality Municipal Income Trust (NYSE:IQI) opened at 12.88 on Wednesday. Invesco Quality Municipal Income Trust has a 1-year low of $12.01 and a 1-year high of $13.96. The firm has a 50 day moving average of $12.84 and a 200-day moving average of $12.62.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be given a $0.0546 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Tuesday, September 12th.

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Invesco Quality Municipal Income Trust Profile

Invesco Quality Municipal Investment Trust (the Trust), formerly Morgan Stanley Quality Municipal Investment Trust, is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal obligations, which include municipal bonds, municipal notes and municipal commercial paper.

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

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