NewEdge Advisors LLC Increases Position in Invesco Quality Municipal Income Trust $IQI

NewEdge Advisors LLC increased its position in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) by 13.0% during the first quarter, Holdings Channel reports. The fund owned 455,485 shares of the financial services provider’s stock after acquiring an additional 52,443 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco Quality Municipal Income Trust were worth $4,382,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of Invesco Quality Municipal Income Trust by 3.3% during the 1st quarter. Royal Bank of Canada now owns 214,022 shares of the financial services provider’s stock worth $2,072,000 after purchasing an additional 6,738 shares during the period. Raymond James Financial Inc. increased its stake in Invesco Quality Municipal Income Trust by 7.4% in the second quarter. Raymond James Financial Inc. now owns 1,353,664 shares of the financial services provider’s stock valued at $12,697,000 after purchasing an additional 92,863 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Invesco Quality Municipal Income Trust by 144.1% in the second quarter. Ameriprise Financial Inc. now owns 311,786 shares of the financial services provider’s stock valued at $2,919,000 after purchasing an additional 184,049 shares during the last quarter. Bank of America Corp DE lifted its position in Invesco Quality Municipal Income Trust by 149.7% during the second quarter. Bank of America Corp DE now owns 47,922 shares of the financial services provider’s stock worth $450,000 after buying an additional 28,732 shares during the period. Finally, UBS Group AG lifted its position in Invesco Quality Municipal Income Trust by 2.2% during the third quarter. UBS Group AG now owns 247,560 shares of the financial services provider’s stock worth $2,438,000 after buying an additional 5,328 shares during the period.

Invesco Quality Municipal Income Trust Price Performance

Shares of NYSE:IQI opened at $10.10 on Wednesday. The stock’s 50-day moving average price is $10.05 and its two-hundred day moving average price is $9.96. Invesco Quality Municipal Income Trust has a 12-month low of $9.26 and a 12-month high of $10.42.

Invesco Quality Municipal Income Trust Dividend Announcement

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

Invesco Quality Municipal Income Trust Company Profile

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.