Robinson Capital Management LLC Sells 102,543 Shares of Invesco Quality Municipal Income Trust (NYSE:IQI)

Robinson Capital Management LLC trimmed its stake in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 517,581 shares of the financial services provider’s stock after selling 102,543 shares during the quarter. Invesco Quality Municipal Income Trust makes up 2.3% of Robinson Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Robinson Capital Management LLC’s holdings in Invesco Quality Municipal Income Trust were worth $6,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of IQI. Steward Partners Investment Advisory LLC grew its position in Invesco Quality Municipal Income Trust by 36.0% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 4,556 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 1,206 shares during the last quarter. Pacitti Group Inc. bought a new position in Invesco Quality Municipal Income Trust during the 3rd quarter worth approximately $152,000. Quad Cities Investment Group LLC grew its position in Invesco Quality Municipal Income Trust by 18.3% during the 4th quarter. Quad Cities Investment Group LLC now owns 13,465 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 2,081 shares during the last quarter. Virtu Financial LLC bought a new position in Invesco Quality Municipal Income Trust during the 4th quarter worth approximately $188,000. Finally, Creative Planning grew its position in Invesco Quality Municipal Income Trust by 4.7% during the 4th quarter. Creative Planning now owns 21,252 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 948 shares during the last quarter. Institutional investors and hedge funds own 14.02% of the company’s stock.

NYSE IQI traded down $0.06 on Friday, hitting $12.88. The company’s stock had a trading volume of 72,199 shares, compared to its average volume of 81,694. Invesco Quality Municipal Income Trust has a 52-week low of $11.87 and a 52-week high of $13.05. The company’s 50-day simple moving average is $12.81 and its 200 day simple moving average is $12.68.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.0487 dividend. This represents a $0.58 annualized dividend and a yield of 4.54%. The ex-dividend date is Thursday, February 13th.

Invesco Quality Municipal Income Trust 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.

Recommended Story: Pattern Day Trader – What is the PDT Rule?

Want to see what other hedge funds are holding IQI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Quality Municipal Income Trust (NYSE:IQI).

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

Receive News & Ratings for Invesco Quality Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Quality Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.