Olistico Wealth LLC Buys Shares of 11,700 Invesco Quality Municipal Income Trust $IQI

Olistico Wealth LLC purchased a new position in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 11,700 shares of the financial services provider’s stock, valued at approximately $110,000.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in Invesco Quality Municipal Income Trust by 17.3% during the 1st quarter. LPL Financial LLC now owns 592,689 shares of the financial services provider’s stock valued at $5,737,000 after acquiring an additional 87,535 shares during the last quarter. Nuveen LLC bought a new position in shares of Invesco Quality Municipal Income Trust during the first quarter worth about $538,000. Raymond James Financial Inc. lifted its position in shares of Invesco Quality Municipal Income Trust by 3.9% during the first quarter. Raymond James Financial Inc. now owns 1,260,801 shares of the financial services provider’s stock worth $12,205,000 after purchasing an additional 47,267 shares during the last quarter. AlphaCore Capital LLC acquired a new position in Invesco Quality Municipal Income Trust in the first quarter worth about $255,000. Finally, XTX Topco Ltd bought a new stake in Invesco Quality Municipal Income Trust in the first quarter valued at about $243,000.

Invesco Quality Municipal Income Trust Stock Performance

Shares of NYSE IQI opened at $9.84 on Friday. The stock’s 50 day moving average price is $9.58 and its two-hundred day moving average price is $9.45. Invesco Quality Municipal Income Trust has a 52-week low of $8.86 and a 52-week high of $10.44.

Invesco Quality Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Thursday, October 16th will be issued a $0.0631 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, October 16th.

About Invesco Quality Municipal Income Trust

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.