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Invesco Closed-End Funds Declare Dividends
PRNewswire (Mon, 1-Apr 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 April 25, 2024, IQI stock price declined to $9.28 with 19,089 million shares trading.
IQI has a beta of 0.62, meaning it tends to be less sensitive to market movements. IQI has a correlation of 0.32 to the broad based SPY ETF.
IQI has a market cap of $490.76 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 return of +1.7%, while the SPY ETF gained +22.5%. In the last 3 month period, IQI fell short of the market, returning +1.0%, while SPY returned +3.1%. However, in the most recent 2 weeks IQI has outperformed the stock market by returning -0.4%, while SPY returned -3.0%.
IQI support price is $9.34 and resistance is $9.45 (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.