Invesco Quality Municipal Income Trust $IQI Shares Bought by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in Invesco Quality Municipal Income Trust (NYSE:IQI) by 3.9% during Q1, owning 1,260,801 shares worth approximately $12.2 million.
• The trust recently announced a monthly dividend payment of $0.0631 per share, yielding about 8.1% annually.
• Invesco Quality Municipal Income Trust's stock opened at $9.40, with a 12-month range between $8.86 and $10.53.

Raymond James Financial Inc. boosted its holdings in shares of Invesco Quality Municipal Income Trust (NYSE:IQI - Free Report) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,260,801 shares of the financial services provider's stock after purchasing an additional 47,267 shares during the quarter. Raymond James Financial Inc. owned approximately 2.38% of Invesco Quality Municipal Income Trust worth $12,205,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IQI. CF Capital LLC acquired a new position in shares of Invesco Quality Municipal Income Trust during the 4th quarter worth approximately $1,419,000. Pathstone Holdings LLC increased its holdings in Invesco Quality Municipal Income Trust by 16.4% in the 4th quarter. Pathstone Holdings LLC now owns 793,819 shares of the financial services provider's stock worth $7,843,000 after acquiring an additional 112,115 shares in the last quarter. LPL Financial LLC raised its position in Invesco Quality Municipal Income Trust by 17.3% during the first quarter. LPL Financial LLC now owns 592,689 shares of the financial services provider's stock worth $5,737,000 after acquiring an additional 87,535 shares during the period. Nuveen LLC purchased a new position in Invesco Quality Municipal Income Trust during the first quarter valued at $538,000. Finally, AlphaCore Capital LLC purchased a new position in Invesco Quality Municipal Income Trust during the first quarter valued at $255,000.

Invesco Quality Municipal Income Trust Stock Up 0.3%

Shares of IQI stock traded up $0.03 on Thursday, reaching $9.50. 251,277 shares of the company were exchanged, compared to its average volume of 186,500. The business has a 50-day moving average price of $9.36 and a 200 day moving average price of $9.47. Invesco Quality Municipal Income Trust has a 1 year low of $8.86 and a 1 year high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.0631 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

Insider Activity at Invesco Quality Municipal Income Trust

In other Invesco Quality Municipal Income Trust news, Portfolio Manager Timothy M. O'reilly bought 5,360 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was acquired at an average price of $9.33 per share, with a total value of $50,008.80. Following the completion of the acquisition, the portfolio manager directly owned 5,360 shares of the company's stock, valued at $50,008.80. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.