NewEdge Advisors LLC Acquires 105,880 Shares of Invesco Quality Municipal Income Trust $IQI

Key Points

• NewEdge Advisors increased its IQI stake by 23.2% in the second quarter, acquiring 105,880 shares to hold 561,365 shares valued at approximately $5.68 million.
• IQI shares opened at $9.77, down 0.9%, within a 12-month range of $9.26 to $10.42.
• The municipal-income fund declared a monthly dividend of $0.0631 per share, representing an indicated annual yield of approximately 7.8%, with payment scheduled for September 30.

NewEdge Advisors LLC grew its stake in shares of Invesco Quality Municipal Income Trust (NYSE:IQI - Free Report) by 23.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 561,365 shares of the financial services provider's stock after acquiring an additional 105,880 shares during the period. NewEdge Advisors LLC owned 1.06% of Invesco Quality Municipal Income Trust worth $5,681,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in IQI. Van ECK Associates Corp grew its position in shares of Invesco Quality Municipal Income Trust by 2.2% in the second quarter. Van ECK Associates Corp now owns 351,096 shares of the financial services provider's stock valued at $3,553,000 after purchasing an additional 7,574 shares in the last quarter. UBS Group AG lifted its holdings in Invesco Quality Municipal Income Trust by 2.4% during the 4th quarter. UBS Group AG now owns 253,595 shares of the financial services provider's stock worth $2,526,000 after purchasing an additional 6,035 shares in the last quarter. Royal Bank of Canada boosted its stake in Invesco Quality Municipal Income Trust by 4.9% in the 1st quarter. Royal Bank of Canada now owns 244,870 shares of the financial services provider's stock worth $2,356,000 after purchasing an additional 11,490 shares during the period. IFP Advisors Inc boosted its stake in Invesco Quality Municipal Income Trust by 47.1% in the 2nd quarter. IFP Advisors Inc now owns 182,631 shares of the financial services provider's stock worth $1,848,000 after purchasing an additional 58,480 shares during the period. Finally, Cetera Investment Advisers boosted its stake in Invesco Quality Municipal Income Trust by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 145,278 shares of the financial services provider's stock worth $1,398,000 after purchasing an additional 7,461 shares during the period.

Invesco Quality Municipal Income Trust Stock Down 0.9%

IQI stock opened at $9.77 on Tuesday. The stock has a 50-day simple moving average of $10.05 and a two-hundred day simple moving average of $9.95. Invesco Quality Municipal Income Trust has a twelve month low of $9.26 and a twelve month high of $10.42.

Invesco Quality Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 14th will be given a $0.0631 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Monday, September 14th.

Invesco Quality Municipal Income Trust Profile

Invesco Quality Municipal Income Trust NYSE: IQI is a closed-end investment company managed by Invesco Advisers. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in a diversified portfolio of municipal securities.

Its portfolio may include bonds and other debt obligations issued by states, municipalities, government authorities and other public entities throughout the United States. These securities generally finance public-purpose projects and services, such as transportation, education, utilities and healthcare facilities.

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