Cottage Street Advisors buys $4,131,479 stake in Invesco Quality Municipal Income Trust (IQI)

Invesco Quality Municipal Income Trust (IQI) : Cottage Street Advisors scooped up 5,865 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 Jul 25, 2016. The investment management firm now holds a total of 297,657 shares of Invesco Quality Municipal Income Trust which is valued at $4,131,479.Invesco Quality Municipal Income Trust makes up approximately 3.23% of Cottage Street Advisors’s portfolio.

Other Hedge Funds, Including , Creative Planning reduced its stake in IQI by selling 1,000 shares or 8.51% in the most recent quarter. The Hedge Fund company now holds 10,744 shares of IQI which is valued at $145,904. Summit Financial Wealth Advisors sold out all of its stake in IQI during the most recent quarter. The investment firm sold 32,200 shares of IQI which is valued $450,800.

Invesco Quality Municipal Income Trust (IQI) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $13.94 and reached the intraday high at $13.98. The bulls started the profit booking and pushed the shares to intraday low of $13.91. The trading session was marked by a volume range of 1,68,848 shares exchanging hands. The 52-week high of the shares is $14.02 and the 52-week low is $11.79. The market cap of the company stands at $402 M and there are 2,88,67,000 shares in public circulation.

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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