Cottage Street Advisors LLC Boosts Stock Position in Invesco Quality Municipal Income Trust $IQI

Cottage Street Advisors LLC raised its holdings in Invesco Quality Municipal Income Trust (NYSE:IQI) by 550.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,000 shares of the financial services provider’s stock after purchasing an additional 55,000 shares during the quarter. Cottage Street Advisors LLC’s holdings in Invesco Quality Municipal Income Trust were worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of IQI. Kestra Advisory Services LLC purchased a new stake in shares of Invesco Quality Municipal Income Trust during the 4th quarter valued at $35,000. International Assets Investment Management LLC bought a new position in Invesco Quality Municipal Income Trust during the fourth quarter valued at about $109,000. Mercer Global Advisors Inc. ADV bought a new position in Invesco Quality Municipal Income Trust during the fourth quarter valued at about $109,000. Steward Partners Investment Advisory LLC grew 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 valued at $139,000 after buying an additional 1,681 shares during the period. Finally, PCM Encore LLC purchased a new stake in Invesco Quality Municipal Income Trust during the fourth quarter worth about $139,000.

Invesco Quality Municipal Income Trust Stock Up 0.3%

Shares of IQI stock opened at $10.04 on Friday. Invesco Quality Municipal Income Trust has a 52 week low of $9.06 and a 52 week high of $10.42. The firm’s 50-day simple moving average is $9.88 and its two-hundred day simple moving average is $9.95.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.0631 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.5%.

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.