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

North Ground Capital bought a new position in Invesco Quality Municipal Income Trust (NYSE:IQI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 120,018 shares of the financial services provider’s stock, valued at approximately $1,214,582,000. Invesco Quality Municipal Income Trust comprises 1.5% of North Ground Capital’s holdings, making the stock its 21st largest holding.

Several other institutional investors also recently modified their holdings of the business. Kestra Advisory Services LLC bought a new stake 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 4th quarter valued at $109,000. Mercer Global Advisors Inc. ADV bought a new position in Invesco Quality Municipal Income Trust in the 4th quarter valued at $109,000. Steward Partners Investment Advisory LLC increased its position in shares of 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 purchasing an additional 1,681 shares during the last quarter. Finally, PCM Encore LLC purchased a new stake in shares of Invesco Quality Municipal Income Trust during the 4th quarter valued at $139,000.

Invesco Quality Municipal Income Trust Stock Performance

NYSE IQI opened at $10.02 on Monday. Invesco Quality Municipal Income Trust has a one year low of $9.26 and a one year high of $10.42. The business’s fifty day moving average is $10.08 and its 200-day moving average is $9.97.

Invesco Quality Municipal Income Trust Announces Dividend

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

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.