--- title: "Alpine Global Management LLC Buys New Stake in Invesco Quality Municipal Income Trust $IQI" type: "News" locale: "en" url: "https://longbridge.com/en/news/279551698.md" description: "Alpine Global Management LLC has acquired a new stake in Invesco Quality Municipal Income Trust (NYSE:IQI), purchasing 112,500 shares valued at approximately $1.1 million during Q3. Other institutional investors, including Hennion & Walsh and Ameriprise Financial, have also increased their holdings in IQI. The trust's stock opened at $10.02, with a 12-month range of $8.86 to $10.42. A monthly dividend of $0.0631 is set to be paid on March 31, 2023, with a yield of 7.6%." datetime: "2026-03-18T07:39:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279551698.md) - [en](https://longbridge.com/en/news/279551698.md) - [zh-HK](https://longbridge.com/zh-HK/news/279551698.md) --- # Alpine Global Management LLC Buys New Stake in Invesco Quality Municipal Income Trust $IQI Alpine Global Management LLC purchased a new position in shares of Invesco Quality Municipal Income Trust (NYSE:IQI - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 112,500 shares of the financial services provider's stock, valued at approximately $1,108,000. Alpine Global Management LLC owned approximately 0.21% of Invesco Quality Municipal Income Trust as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IQI. Hennion & Walsh Asset Management Inc. raised its position in shares of Invesco Quality Municipal Income Trust by 46.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 845,114 shares of the financial services provider's stock worth $8,324,000 after acquiring an additional 268,480 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Invesco Quality Municipal Income Trust by 144.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 311,786 shares of the financial services provider's stock worth $2,919,000 after acquiring an additional 184,049 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Invesco Quality Municipal Income Trust by 105.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 239,865 shares of the financial services provider's stock valued at $2,363,000 after acquiring an additional 122,849 shares during the period. Raymond James Financial Inc. grew its position in shares of Invesco Quality Municipal Income Trust by 7.4% during the 2nd quarter. Raymond James Financial Inc. now owns 1,353,664 shares of the financial services provider's stock valued at $12,697,000 after acquiring an additional 92,863 shares during the period. Finally, North Ground Capital increased its stake in shares of Invesco Quality Municipal Income Trust by 61.3% in the 3rd quarter. North Ground Capital now owns 213,750 shares of the financial services provider's stock valued at $2,105,000 after purchasing an additional 81,225 shares in the last quarter. ## Invesco Quality Municipal Income Trust Stock Performance Shares of Invesco Quality Municipal Income Trust stock opened at $10.02 on Wednesday. Invesco Quality Municipal Income Trust has a twelve month low of $8.86 and a twelve month high of $10.42. The business has a 50-day moving average price of $10.10 and a 200 day moving average price of $9.99. ## Invesco Quality Municipal Income Trust Announces Dividend The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $0.0631 dividend. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. ## Insider Activity at Invesco Quality Municipal Income Trust In other news, Portfolio Manager Jack Connelly sold 3,900 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $10.02, for a total transaction of $39,078.00. Following the transaction, the portfolio manager owned 5,500 shares in the company, valued at $55,110. This trade represents a 41.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. ## 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. ## Further Reading - Five stocks we like better than Invesco Quality Municipal Income Trust _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Invesco Quality Municipal Income Trust Right Now? Before you consider Invesco Quality Municipal Income Trust, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco Quality Municipal Income Trust wasn't on the list. While Invesco Quality Municipal Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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