Fortitude Advisory Group L.L.C. Invests $101,000 in Invesco Quality Municipal Income Trust (NYSE:IQI)

Fortitude Advisory Group L.L.C. acquired a new stake in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,280 shares of the financial services provider’s stock, valued at approximately $101,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC grew its holdings in shares of Invesco Quality Municipal Income Trust by 1.9% during the third quarter. Rivernorth Capital Management LLC now owns 1,372,415 shares of the financial services provider’s stock worth $14,328,000 after buying an additional 25,143 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Invesco Quality Municipal Income Trust by 25.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,052,817 shares of the financial services provider’s stock valued at $10,991,000 after acquiring an additional 210,578 shares during the last quarter. Stratos Wealth Advisors LLC lifted its stake in shares of Invesco Quality Municipal Income Trust by 33.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 266,271 shares of the financial services provider’s stock worth $2,780,000 after purchasing an additional 66,606 shares during the period. JFS Wealth Advisors LLC grew its position in shares of Invesco Quality Municipal Income Trust by 1,618.1% in the third quarter. JFS Wealth Advisors LLC now owns 143,790 shares of the financial services provider’s stock valued at $1,501,000 after purchasing an additional 135,421 shares during the period. Finally, Cetera Investment Advisers increased its stake in Invesco Quality Municipal Income Trust by 1.4% in the second quarter. Cetera Investment Advisers now owns 129,407 shares of the financial services provider’s stock valued at $1,284,000 after purchasing an additional 1,827 shares during the last quarter.

Invesco Quality Municipal Income Trust Price Performance

Shares of NYSE:IQI opened at $9.85 on Tuesday. The stock’s 50-day moving average price is $9.92 and its two-hundred day moving average price is $10.10. Invesco Quality Municipal Income Trust has a 12-month low of $9.23 and a 12-month high of $10.53.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.0631 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.76 dividend on an annualized basis and a yield of 7.69%.

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.