Concurrent Investment Advisors LLC Has $239,000 Holdings in Invesco Quality Municipal Income Trust (NYSE:IQI)

Concurrent Investment Advisors LLC increased its stake in Invesco Quality Municipal Income Trust (NYSE:IQI) by 62.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,712 shares of the financial services provider’s stock after buying an additional 9,528 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Invesco Quality Municipal Income Trust were worth $239,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sowell Financial Services LLC acquired a new stake in Invesco Quality Municipal Income Trust during the 1st quarter valued at $148,000. Pathstone Holdings LLC lifted its holdings in Invesco Quality Municipal Income Trust by 16.4% during the 4th quarter. Pathstone Holdings LLC now owns 793,819 shares of the financial services provider’s stock valued at $7,843,000 after purchasing an additional 112,115 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Invesco Quality Municipal Income Trust during the 4th quarter valued at $11,965,000. Commonwealth Equity Services LLC lifted its holdings in Invesco Quality Municipal Income Trust by 27.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 104,381 shares of the financial services provider’s stock valued at $1,029,000 after purchasing an additional 22,625 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in Invesco Quality Municipal Income Trust during the 4th quarter valued at $175,000.

Invesco Quality Municipal Income Trust Stock Down 0.7%

Shares of Invesco Quality Municipal Income Trust stock opened at $9.35 on Friday. The business has a fifty day simple moving average of $9.37 and a two-hundred day simple moving average of $9.61. 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 firm also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be issued a dividend of $0.0631 per share. This represents a $0.76 annualized dividend and a yield of 8.10%. The ex-dividend date of this dividend is Wednesday, July 16th.

Insider Transactions at Invesco Quality Municipal Income Trust

In other Invesco Quality Municipal Income Trust news, Portfolio Manager Timothy M. O’reilly purchased 5,360 shares of the business’s stock in a transaction on 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 acquisition, the portfolio manager directly owned 5,360 shares of the company’s stock, valued at $50,008.80. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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.