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Invesco Closed-End Funds Declare Dividends
PRNewswire (Fri, 1-Mar 12:15 PM ET)
The Trust’s investment objective is to provide current income which is exempt from federal income tax. A diversified portfolio composed substantially of investment grade tax-exempt municipal securities
Invesco Quality Muni Income Co trades on the NYSE stock market under the symbol IQI.
As of March 28, 2024, IQI stock price climbed to $9.68 with 182,020 million shares trading.
IQI has a beta of 0.69, meaning it tends to be less sensitive to market movements. IQI has a correlation of 0.35 to the broad based SPY ETF.
IQI has a market cap of $511.92 million. This is considered a Small Cap stock.
In the last 3 years, IQI stock traded as high as $13.98 and as low as $8.05.
IQI has underperformed the market in the last year with a price return of +6.0% while the SPY ETF gained +33.6%. IQI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.8% and +0.8%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
IQI support price is $9.61 and resistance is $9.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IQI stock will trade within this expected range on the day.