Rivernorth Capital Management LLC Acquires 25,143 Shares of Invesco Quality Municipal Income Trust (NYSE:IQI)

Rivernorth Capital Management LLC boosted its stake in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 1.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,372,415 shares of the financial services provider’s stock after purchasing an additional 25,143 shares during the period. Rivernorth Capital Management LLC’s holdings in Invesco Quality Municipal Income Trust were worth $14,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IQI. US Bancorp DE bought a new position in shares of Invesco Quality Municipal Income Trust during the 3rd quarter valued at approximately $45,000. Raymond James & Associates raised its stake in shares of Invesco Quality Municipal Income Trust by 3.4% in the second quarter. Raymond James & Associates now owns 761,804 shares of the financial services provider’s stock valued at $7,557,000 after acquiring an additional 24,912 shares during the period. Atomi Financial Group Inc. lifted its holdings in shares of Invesco Quality Municipal Income Trust by 5.2% in the 2nd quarter. Atomi Financial Group Inc. now owns 21,123 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 1,038 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Invesco Quality Municipal Income Trust by 54.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 842,239 shares of the financial services provider’s stock worth $8,355,000 after acquiring an additional 296,661 shares during the last quarter. Finally, Tyche Wealth Partners LLC grew its holdings in Invesco Quality Municipal Income Trust by 26.0% during the 2nd quarter. Tyche Wealth Partners LLC now owns 26,103 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 5,388 shares during the last quarter.

Invesco Quality Municipal Income Trust Price Performance

Shares of NYSE IQI opened at $10.17 on Friday. The firm has a 50-day simple moving average of $10.15 and a two-hundred day simple moving average of $10.12. Invesco Quality Municipal Income Trust has a 1 year low of $9.21 and a 1 year high of $10.53.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.0631 per share. This represents a $0.76 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date of this dividend is Tuesday, December 17th.

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.