Stratos Wealth Advisors LLC Purchases 66,606 Shares of Invesco Quality Municipal Income Trust (NYSE:IQI)

Stratos Wealth Advisors LLC lifted its position in Invesco Quality Municipal Income Trust (NYSE:IQI) by 33.4% in the third quarter, HoldingsChannel.com reports. The firm owned 266,271 shares of the financial services provider’s stock after acquiring an additional 66,606 shares during the period. Stratos Wealth Advisors LLC’s holdings in Invesco Quality Municipal Income Trust were worth $2,780,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IQI. Atomi Financial Group Inc. raised its stake in shares of Invesco Quality Municipal Income Trust by 9.7% in the 3rd quarter. Atomi Financial Group Inc. now owns 23,172 shares of the financial services provider’s stock valued at $242,000 after buying an additional 2,049 shares in the last quarter. Cetera Investment Advisers raised its position in 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 worth $1,284,000 after purchasing an additional 1,827 shares in the last quarter. Quarry LP bought a new position in Invesco Quality Municipal Income Trust during the second quarter worth about $323,000. Almitas Capital LLC acquired a new stake in Invesco Quality Municipal Income Trust during the second quarter valued at approximately $177,000. Finally, Wealthspire Advisors LLC bought a new stake in shares of Invesco Quality Municipal Income Trust in the 2nd quarter valued at approximately $764,000.

Invesco Quality Municipal Income Trust Price Performance

Shares of IQI opened at $10.26 on Friday. The stock has a 50 day simple moving average of $10.30 and a 200-day simple moving average of $9.95. Invesco Quality Municipal Income Trust has a 1 year low of $8.05 and a 1 year high of $10.53.

Invesco Quality Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be paid a dividend of $0.0631 per share. The ex-dividend date is Wednesday, October 16th. This represents a $0.76 annualized dividend and a yield of 7.38%.

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.