Centaurus Financial Inc. Takes $1.02 Million Position in Invesco Quality Municipal Income Trust $IQI

Centaurus Financial Inc. bought a new position in Invesco Quality Municipal Income Trust (NYSE:IQI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 100,434 shares of the financial services provider’s stock, valued at approximately $1,016,000.

A number of other hedge funds have also made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in Invesco Quality Municipal Income Trust in the fourth quarter valued at about $35,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco Quality Municipal Income Trust during the fourth quarter worth approximately $109,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Invesco Quality Municipal Income Trust in the fourth quarter valued at approximately $109,000. Steward Partners Investment Advisory LLC raised its stake in shares of Invesco Quality Municipal Income Trust by 13.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,944 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 1,681 shares during the last quarter. Finally, PCM Encore LLC acquired a new position in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth approximately $139,000.

Invesco Quality Municipal Income Trust Stock Performance

NYSE IQI opened at $10.17 on Friday. Invesco Quality Municipal Income Trust has a one year low of $9.26 and a one year high of $10.42. The stock’s 50 day simple moving average is $10.09 and its 200 day simple moving average is $9.98.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.0631 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Invesco Quality Municipal Income Trust Company Profile

Invesco Quality Municipal Income Trust (NYSE: IQI) is a closed-end management investment company listed on the New York Stock Exchange. Managed by Invesco Advisers, Inc, the fund’s primary objective is to provide investors with a high level of current income that is exempt from federal income taxes. To achieve this, the trust invests predominantly in investment-grade municipal securities issued by U.S. states, municipalities, and their agencies.

The portfolio holds a diversified blend of municipal bonds, including general obligation bonds, revenue bonds, and other tax-exempt obligations.