120,018 Shares in Invesco Quality Municipal Income Trust $IQI Bought by North Ground Capital

North Ground Capital acquired a new stake in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 120,018 shares of the financial services provider’s stock, valued at approximately $1,214,582. Invesco Quality Municipal Income Trust accounts for approximately 0.0% of North Ground Capital’s holdings, making the stock its 21st largest holding. North Ground Capital owned 0.23% of Invesco Quality Municipal Income Trust as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new position in Invesco Quality Municipal Income Trust during the fourth quarter worth $35,000. International Assets Investment Management LLC bought a new position in Invesco Quality Municipal Income Trust in the fourth quarter valued at about $109,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Invesco Quality Municipal Income Trust in the 4th quarter worth $109,000. Steward Partners Investment Advisory LLC raised its holdings in Invesco Quality Municipal Income Trust by 13.7% during the 4th 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 period. Finally, PCM Encore LLC purchased a new position in shares of Invesco Quality Municipal Income Trust during the fourth quarter worth approximately $139,000.

Invesco Quality Municipal Income Trust Trading Down 0.2%

Shares of NYSE:IQI traded down $0.02 during midday trading on Friday, reaching $10.13. 75,549 shares of the company’s stock traded hands, compared to its average volume of 147,433. Invesco Quality Municipal Income Trust has a one year low of $9.26 and a one year high of $10.42. The stock has a 50 day moving average of $10.09 and a 200 day moving average of $9.98.

Invesco Quality Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.0631 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, August 17th.

Invesco Quality Municipal Income Trust 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.