Advisor Group Inc. raised its stake in Invesco Quality Municipal Income Trust (NYSE:IQI) by 24.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,542 shares of the financial services provider’s stock after purchasing an additional 1,700 shares during the quarter. Advisor Group Inc.’s holdings in Invesco Quality Municipal Income Trust were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Allegis Investment Advisors LLC raised its stake in shares of Invesco Quality Municipal Income Trust by 0.8% in the second quarter. Allegis Investment Advisors LLC now owns 16,243 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 122 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Invesco Quality Municipal Income Trust by 1.2% in the second quarter. IFP Advisors Inc now owns 15,584 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 180 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco Quality Municipal Income Trust by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 94,386 shares of the financial services provider’s stock worth $1,202,000 after purchasing an additional 1,336 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Invesco Quality Municipal Income Trust by 17.5% in the second quarter. Wedbush Securities Inc. now owns 13,448 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 2,000 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in shares of Invesco Quality Municipal Income Trust by 1.2% in the second quarter. JFS Wealth Advisors LLC now owns 191,986 shares of the financial services provider’s stock worth $2,446,000 after purchasing an additional 2,336 shares during the last quarter. 11.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Invesco Quality Municipal Income Trust (NYSE IQI) opened at 12.43 on Friday. Invesco Quality Municipal Income Trust has a 52 week low of $12.01 and a 52 week high of $13.28. The stock has a 50 day moving average price of $12.79 and a 200 day moving average price of $12.70.

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be given a $0.0546 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.27%.

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Invesco Quality Municipal Income Trust Profile

Invesco Quality Municipal Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with current income, which is exempt from federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal securities that are rated investment grade at the time of investment.

Institutional Ownership by Quarter for Invesco Quality Municipal Income Trust (NYSE:IQI)

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