North Ground Capital Invests $1.21 Billion in Invesco Quality Municipal Income Trust $IQI

North Ground Capital purchased a new position in shares of Invesco Quality Municipal Income Trust (NYSE:IQIFree Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 120,018 shares of the financial services provider’s stock, valued at approximately $1,214,582,000. Invesco Quality Municipal Income Trust makes up 1.5% of North Ground Capital’s portfolio, making the stock its 21st largest position. North Ground Capital owned about 0.23% of Invesco Quality Municipal Income Trust as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Worth Asset Management LLC bought a new stake in shares of Invesco Quality Municipal Income Trust during the 2nd quarter valued at approximately $254,000. NewEdge Advisors LLC boosted its position in shares of Invesco Quality Municipal Income Trust by 13.0% during the 1st quarter. NewEdge Advisors LLC now owns 455,485 shares of the financial services provider’s stock valued at $4,382,000 after purchasing an additional 52,443 shares in the last quarter. Centaurus Financial Inc. increased its stake in shares of Invesco Quality Municipal Income Trust by 7.1% in the 1st quarter. Centaurus Financial Inc. now owns 103,781 shares of the financial services provider’s stock valued at $998,000 after acquiring an additional 6,860 shares in the last quarter. Royal Bank of Canada increased its stake in Invesco Quality Municipal Income Trust by 4.9% in the first quarter. Royal Bank of Canada now owns 244,870 shares of the financial services provider’s stock valued at $2,356,000 after purchasing an additional 11,490 shares in the last quarter. Finally, Compound Planning Inc. raised its stake in Invesco Quality Municipal Income Trust by 6.2% during the 1st quarter. Compound Planning Inc. now owns 30,041 shares of the financial services provider’s stock worth $289,000 after buying an additional 1,764 shares during the period.

Invesco Quality Municipal Income Trust Stock Performance

IQI opened at $10.02 on Monday. Invesco Quality Municipal Income Trust has a 1-year low of $9.26 and a 1-year high of $10.42. The company’s fifty day moving average price is $10.08 and its two-hundred day moving average price is $9.97.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.0631 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 7.6%.

About Invesco Quality Municipal Income Trust

(Free Report)

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.

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

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