IQI Stock Summary and Trading Ideas (Invesco Quality Muni Income Co | NYSE:IQI)

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 19, 2024, IQI stock price declined to $9.28 with 85,363 million shares trading.

IQI has a beta of 0.65, meaning it tends to be less sensitive to market movements. IQI has a correlation of 0.33 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 +21.2%. In the last 3 month period, IQI fell short of the market, returning +0.7%, while SPY returned +4.3%. However, in the most recent 2 weeks IQI has outperformed the stock market by returning -1.6%, while SPY returned -3.5%.

IQI support price is $9.26 and resistance is $9.36 (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.