Invesco Quality Municipal Income Trust $IQI Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC raised its holdings in Invesco Quality Municipal Income Trust (NYSE:IQI) by 13.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 455,485 shares of the financial services provider’s stock after purchasing an additional 52,443 shares during the period. NewEdge Advisors LLC owned 0.86% of Invesco Quality Municipal Income Trust worth $4,382,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IQI. Kestra Advisory Services LLC acquired a new position in shares of Invesco Quality Municipal Income Trust during the 4th quarter worth approximately $35,000. Cottage Street Advisors LLC acquired a new stake in Invesco Quality Municipal Income Trust during the 4th quarter valued at $100,000. International Assets Investment Management LLC purchased a new position in Invesco Quality Municipal Income Trust during the fourth quarter worth $109,000. Mercer Global Advisors Inc. ADV purchased a new position in Invesco Quality Municipal Income Trust during the fourth quarter worth $109,000. Finally, Steward Partners Investment Advisory LLC increased its position in Invesco Quality Municipal Income Trust by 13.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,944 shares of the financial services provider’s stock worth $139,000 after buying an additional 1,681 shares in the last quarter.

Invesco Quality Municipal Income Trust Price Performance

NYSE IQI opened at $10.10 on Wednesday. Invesco Quality Municipal Income Trust has a fifty-two week low of $9.26 and a fifty-two week high of $10.42. The business has a fifty day moving average of $10.05 and a 200-day moving average of $9.96.

Invesco Quality Municipal Income Trust Announces Dividend

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

About Invesco Quality Municipal Income Trust

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.