Large Inflow of Money Detected in Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust (IQI) : Thursdays money flow indicated an uptick to downtick ratio was at 7.69. The total value of inflow transactions on upticks was $0.34 million, whereas, the total value of outflow trades on downticks was $0.04 million. The total money flow was $0.29 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0.23 million. The total value of the trades done on upticks was $0.23 million. Invesco Quality Municipal Income Trust (IQI) was trading with a -0.29% change over previous days close. It fell $0.04 during the day and reached $13.54. The stock was -3.29% compared to the previous weeks close.


The stock has recorded a 20-day Moving Average of 3.07% and the 50-Day Moving Average is 1.76%. Shares have rallied 18.53% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $14.02 and the one year low was seen on Jul 16, 2015. The 50-Day Moving Average price is $13.66 and the 200 Day Moving Average price is recorded at $13.24.

Invesco Quality Municipal Income Trust (NYSE:IQI): The stock opened at $13.61 on Thursday but the bulls could not build on the opening and the stock topped out at $13.61 for the day. The stock traded down to $13.27 during the day, due to lack of any buying support eventually closed down at $13.28 with a loss of -2.21% for the day. The stock had closed at $13.58 on the previous day. The total traded volume was 964,612 shares.

Invesco Quality Municipal Income Trust is a diversified, closed-end management investment trust. The Trusts 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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