Vivaldi Capital Management LP Reduces Position in Invesco Quality Municipal Income Trust (NYSE:IQI)

Vivaldi Capital Management LP decreased its holdings in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 63.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,099 shares of the financial services provider’s stock after selling 262,952 shares during the quarter. Vivaldi Capital Management LP’s holdings in Invesco Quality Municipal Income Trust were worth $1,419,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Karpus Management Inc. grew its holdings in shares of Invesco Quality Municipal Income Trust by 3.9% during the third quarter. Karpus Management Inc. now owns 3,105,162 shares of the financial services provider’s stock worth $26,052,000 after buying an additional 116,130 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Invesco Quality Municipal Income Trust by 2,938.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 791,955 shares of the financial services provider’s stock worth $7,531,000 after buying an additional 765,888 shares in the last quarter. Raymond James & Associates boosted its position in shares of Invesco Quality Municipal Income Trust by 10.5% during the 4th quarter. Raymond James & Associates now owns 757,540 shares of the financial services provider’s stock valued at $7,204,000 after acquiring an additional 71,988 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Invesco Quality Municipal Income Trust by 14.4% during the 4th quarter. Van ECK Associates Corp now owns 402,317 shares of the financial services provider’s stock valued at $3,826,000 after acquiring an additional 50,599 shares during the last quarter. Finally, AQR Arbitrage LLC boosted its position in shares of Invesco Quality Municipal Income Trust by 80.3% during the 3rd quarter. AQR Arbitrage LLC now owns 369,017 shares of the financial services provider’s stock valued at $3,096,000 after acquiring an additional 164,304 shares during the last quarter.

Invesco Quality Municipal Income Trust Trading Down 0.1 %

Shares of IQI stock traded down $0.01 on Tuesday, hitting $9.81. 129,666 shares of the stock traded hands, compared to its average volume of 141,541. The firm’s 50-day moving average price is $9.53 and its two-hundred day moving average price is $9.52. Invesco Quality Municipal Income Trust has a twelve month low of $8.05 and a twelve month high of $9.97.

Invesco Quality Municipal Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be given a dividend of $0.0631 per share. This is a boost from Invesco Quality Municipal Income Trust’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.76 annualized dividend and a dividend yield of 7.72%.

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.