Cottage Street Advisors buys $3,950,864 stake in Invesco Quality Municipal Income Trust (IQI)

Invesco Quality Municipal Income Trust (IQI) : Cottage Street Advisors scooped up 9,000 additional shares in Invesco Quality Municipal Income Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 291,792 shares of Invesco Quality Municipal Income Trust which is valued at $3,950,864.Invesco Quality Municipal Income Trust makes up approximately 3.50% of Cottage Street Advisors’s portfolio.

Other Hedge Funds, Including , Allegis Investment Advisors sold out all of its stake in IQI during the most recent quarter. The investment firm sold 8,880 shares of IQI which is valued $120,235.Ifp Advisors Inc boosted its stake in IQI in the latest quarter, The investment management firm added 6,007 additional shares and now holds a total of 17,491 shares of Invesco Quality Municipal Income Trust which is valued at $237,178. Invesco Quality Municipal Income Trust makes up approx 0.01% of Ifp Advisors Inc’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in IQI by selling 6,560 shares or 64.18% in the most recent quarter. The Hedge Fund company now holds 3,661 shares of IQI which is valued at $49,570.

Invesco Quality Municipal Income Trust opened for trading at $13.57 and hit $13.59 on the upside on Friday, eventually ending the session at $13.54, with a gain of 0.07% or 0.01 points. The heightened volatility saw the trading volume jump to 87,548 shares. Company has a market cap of $391 M.

Invesco Quality Municipal Income Trust is a diversified closed-end management investment trust. The Trust’s investment objective is to provide current income which is exempt from federal income tax. The Trust seeks to achieve its investment objective by investing in municipal securities such as municipal bonds municipal notes municipal commercial paper and lease obligations that are rated investment-grade at the time of investment. The Trust invests in inverse floating rate securities such as Tender Option Bonds (TOBs) for investment purposes. The Trust may invest in securities that are subject to interest rate risk. Invesco Advisers Inc. is the investment adviser of the Trust.

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