Cottage Street Advisors LLC Buys 55,000 Shares of Invesco Quality Municipal Income Trust $IQI

Cottage Street Advisors LLC boosted its stake in Invesco Quality Municipal Income Trust (NYSE:IQI) by 550.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,000 shares of the financial services provider’s stock after buying an additional 55,000 shares during the quarter. Cottage Street Advisors LLC owned approximately 0.12% of Invesco Quality Municipal Income Trust worth $625,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. grew its stake in shares of Invesco Quality Municipal Income Trust by 7.4% in the 2nd quarter. Raymond James Financial Inc. now owns 1,353,664 shares of the financial services provider’s stock worth $12,697,000 after acquiring an additional 92,863 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Invesco Quality Municipal Income Trust by 15.7% in the fourth quarter. Guggenheim Capital LLC now owns 1,203,595 shares of the financial services provider’s stock valued at $11,988,000 after purchasing an additional 163,271 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Invesco Quality Municipal Income Trust by 6.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 899,854 shares of the financial services provider’s stock valued at $8,963,000 after purchasing an additional 54,740 shares in the last quarter. LPL Financial LLC lifted its position in shares of Invesco Quality Municipal Income Trust by 0.6% during the fourth quarter. LPL Financial LLC now owns 727,096 shares of the financial services provider’s stock valued at $7,242,000 after purchasing an additional 4,437 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Invesco Quality Municipal Income Trust by 8.7% during the fourth quarter. Wells Fargo & Company MN now owns 424,481 shares of the financial services provider’s stock worth $4,228,000 after purchasing an additional 33,953 shares during the last quarter.

Invesco Quality Municipal Income Trust Stock Performance

Invesco Quality Municipal Income Trust stock opened at $10.04 on Friday. Invesco Quality Municipal Income Trust has a fifty-two week low of $9.06 and a fifty-two week high of $10.42. The firm’s 50-day simple moving average is $9.88 and its 200 day simple moving average is $9.95.

Invesco Quality Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.0631 per share. The ex-dividend date of this dividend 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.