Invesco Quality Municipal Income Trust (IQI) Trading at $11.88 Forms Bearish Double Bottom

May 3, 2018 - By Mark Williams

Big Money Sentiment increased to 1.48 in Q4 2017. It has change of 0.13, from 2017Q3’s 1.35. The ratio improved due to Invesco Quality Municipal Income Trust positioning: 7 sold and 14 reduced. 11 funds acquired holdings and 20 increased holdings. Investors holded 5.82 million in 2017Q3 but now own 7.31 million shares or 25.49% more.
Tradewinds Cap Mgmt Limited Liability Corp invested 0.76% in Invesco Quality Municipal Income Trust (NYSE:IQI). Lpl Fin Ltd Liability Corporation invested in 61,588 shs. Raymond James Services Advisors has invested 0.01% of its capital in Invesco Quality Municipal Income Trust (NYSE:IQI). Walleye Trading Limited Liability Corporation holds 15,200 shs. Moreover, Bokf Na has 0.03% invested in Invesco Quality Municipal Income Trust (NYSE:IQI) for 78,500 shs. Mackay Shields Limited Com holds 0.05% of its capital in Invesco Quality Municipal Income Trust (NYSE:IQI) for 99,857 shs. Cambridge Investment Rech Advisors holds 0.01% of its capital in Invesco Quality Municipal Income Trust (NYSE:IQI) for 77,677 shs. Bancorp Of Hawaii reported 0.01% of its capital in Invesco Quality Municipal Income Trust (NYSE:IQI). Manufacturers Life Ins Company The reported 0% stake. Guggenheim Capital Ltd Liability Co invested in 400,151 shs or 0.01% of the stock. Sit Associates holds 0.17% or 583,141 shs. New York-based Mariner Invest Limited Liability has invested 0.31% in Invesco Quality Municipal Income Trust (NYSE:IQI). Creative Planning owns 25,853 shs or 0% of their US capital. Raymond James Trust Na has 0.02% invested in Invesco Quality Municipal Income Trust (NYSE:IQI). M&R Inc, a New York-based fund reported 25,620 shs.

Invesco Quality Municipal Income Trust (IQI) chart has a double bottom technical pattern with $11.05 PT. That’s 7.00 % below today’s $11.88 share price. The stock has $628.13M market cap. The double bottom technical pattern was posted on May, 3 by Finviz.com. The valuation of IQI can change by $43.97M if our $11.05 PT is touched.

The stock increased 0.23% or $0.03 during the last trading session, reaching $11.88.Invesco Quality Municipal Income Trust has volume of 52,571 shares. Since May 3, 2017 IQI has declined 4.21% and is downtrending. The stock underperformed the S&P 500 by 15.76%.

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