LPL Financial LLC Grows Position in Invesco Quality Municipal Income Trust (NYSE:IQI)

Key Points

• LPL Financial LLC increased its stake in Invesco Quality Municipal Income Trust (NYSE:IQI) by 17.3%, owning 592,689 shares valued at approximately $5.74 million after acquiring an additional 87,535 shares.
• The trust's recent monthly dividend of $0.0631 per share, which yields 8.0% annually, is payable on August 29th to shareholders of record on August 18th.
• Invesco Quality Municipal Income Trust's shares are currently trading at $9.44, with a 52-week range between $8.86 and $10.53.

LPL Financial LLC boosted its position in Invesco Quality Municipal Income Trust (NYSE:IQI - Free Report) by 17.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 592,689 shares of the financial services provider's stock after buying an additional 87,535 shares during the quarter. LPL Financial LLC owned approximately 1.12% of Invesco Quality Municipal Income Trust worth $5,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of IQI. Stratos Wealth Advisors LLC grew its position in shares of Invesco Quality Municipal Income Trust by 5.2% in the first quarter. Stratos Wealth Advisors LLC now owns 265,413 shares of the financial services provider's stock valued at $2,569,000 after purchasing an additional 13,112 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in Invesco Quality Municipal Income Trust by 62.8% during the first quarter. Concurrent Investment Advisors LLC now owns 24,712 shares of the financial services provider's stock worth $239,000 after purchasing an additional 9,528 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Invesco Quality Municipal Income Trust during the first quarter worth about $148,000. Janney Montgomery Scott LLC lifted its stake in Invesco Quality Municipal Income Trust by 21.9% during the first quarter. Janney Montgomery Scott LLC now owns 53,529 shares of the financial services provider's stock worth $518,000 after purchasing an additional 9,625 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of Invesco Quality Municipal Income Trust by 58.1% in the 1st quarter. Sound Income Strategies LLC now owns 3,198 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 1,175 shares during the last quarter.

Invesco Quality Municipal Income Trust Trading Down 0.1%

Shares of NYSE IQI traded down $0.01 during midday trading on Friday, reaching $9.47. The company had a trading volume of 205,235 shares, compared to its average volume of 177,786. Invesco Quality Municipal Income Trust has a one year low of $8.86 and a one year high of $10.53. The firm's fifty day moving average price is $9.34 and its 200-day moving average price is $9.52.

Invesco Quality Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.0631 per share. The ex-dividend date is Monday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

Insider Buying and Selling at Invesco Quality Municipal Income Trust

In other news, Portfolio Manager Timothy M. O'reilly bought 5,360 shares of Invesco Quality Municipal Income Trust stock in a transaction on Tuesday, June 24th. The shares were purchased at an average price of $9.33 per share, for a total transaction of $50,008.80. Following the acquisition, the portfolio manager owned 5,360 shares of the company's stock, valued at approximately $50,008.80. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Invesco Quality Municipal Income Trust Company 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.