Invesco Quality Municipal Income Trust (NYSE:IQI) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in Invesco Quality Municipal Income Trust (NYSE:IQI) by 23.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,904 shares of the financial services provider’s stock after purchasing an additional 8,255 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco Quality Municipal Income Trust were worth $433,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Capital Investment Advisors LLC increased its holdings in shares of Invesco Quality Municipal Income Trust by 5.9% in the fourth quarter. Capital Investment Advisors LLC now owns 31,796 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 1,785 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Invesco Quality Municipal Income Trust by 1.4% in the second quarter. Cetera Investment Advisers now owns 129,407 shares of the financial services provider’s stock valued at $1,284,000 after purchasing an additional 1,827 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Invesco Quality Municipal Income Trust by 14.1% in the third quarter. Concurrent Investment Advisors LLC now owns 15,559 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 1,925 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Invesco Quality Municipal Income Trust by 9.7% in the third quarter. Atomi Financial Group Inc. now owns 23,172 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 2,049 shares during the last quarter. Finally, US Bancorp DE acquired a new stake in shares of Invesco Quality Municipal Income Trust in the third quarter valued at approximately $45,000.

Invesco Quality Municipal Income Trust Stock Down 0.5 %

NYSE:IQI opened at $10.01 on Monday. Invesco Quality Municipal Income Trust has a one year low of $9.23 and a one year high of $10.53. The stock has a 50 day moving average price of $9.89 and a 200 day moving average price of $10.09.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.0631 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.76 annualized dividend and a yield of 7.57%.

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.