Tradewinds Capital Management LLC reduced its stake in Invesco Quality Municipal Income Trust (NYSE:IQI) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 134,363 shares of the financial services provider’s stock after selling 831 shares during the period. Invesco Quality Municipal Income Trust makes up 0.9% of Tradewinds Capital Management LLC’s holdings, making the stock its 22nd largest position. Tradewinds Capital Management LLC’s holdings in Invesco Quality Municipal Income Trust were worth $1,712,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc raised its position in Invesco Quality Municipal Income Trust by 1.2% in the second quarter. IFP Advisors Inc now owns 15,584 shares of the financial services provider’s stock valued at $199,000 after buying an additional 180 shares during the period. JFS Wealth Advisors LLC raised its position in 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 during the period. Finally, Accuvest Global Advisors acquired a new position in Invesco Quality Municipal Income Trust during the second quarter valued at $904,000. 12.36% of the stock is owned by hedge funds and other institutional investors.

Invesco Quality Municipal Income Trust (IQI) opened at 12.74 on Thursday. Invesco Quality Municipal Income Trust has a 52-week low of $12.01 and a 52-week high of $14.12. The stock has a 50 day moving average price of $12.78 and a 200 day moving average price of $12.54.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 11th will be issued a dividend of $0.0546 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.14%.

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About Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with current income, which is exempt from federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal securities that are rated investment grade at the time of investment.

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

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