Commonwealth Equity Services LLC Raises Position in Invesco Quality Municipal Income Trust (NYSE:IQI)

Commonwealth Equity Services LLC lifted its stake in Invesco Quality Municipal Income Trust (NYSE:IQI) by 1.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 79,552 shares of the financial services provider’s stock after acquiring an additional 1,045 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Invesco Quality Municipal Income Trust were worth $789,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in Invesco Quality Municipal Income Trust by 40.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,115,833 shares of the financial services provider’s stock valued at $10,801,000 after purchasing an additional 323,878 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Invesco Quality Municipal Income Trust by 54.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 842,239 shares of the financial services provider’s stock valued at $8,355,000 after purchasing an additional 296,661 shares during the last quarter. City of London Investment Management Co. Ltd. boosted its holdings in Invesco Quality Municipal Income Trust by 488.3% in the first quarter. City of London Investment Management Co. Ltd. now owns 356,298 shares of the financial services provider’s stock valued at $3,449,000 after purchasing an additional 295,738 shares during the last quarter. Karpus Management Inc. boosted its holdings in Invesco Quality Municipal Income Trust by 8.8% in the first quarter. Karpus Management Inc. now owns 2,983,991 shares of the financial services provider’s stock valued at $28,885,000 after purchasing an additional 242,204 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in Invesco Quality Municipal Income Trust in the second quarter valued at about $1,803,000.

Invesco Quality Municipal Income Trust Price Performance

Shares of IQI opened at $10.33 on Thursday. The stock has a 50-day moving average price of $10.17 and a 200 day moving average price of $9.84. Invesco Quality Municipal Income Trust has a one year low of $8.05 and a one year high of $10.47.

Invesco Quality Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.0631 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date is Tuesday, September 17th.

Invesco Quality Municipal Income Trust Profile

Invesco Quality Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.