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Upturn AI SWOT - About
Invesco Quality Municipal Income Closed Fund (IQI)
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Upturn Advisory Summary
03/27/2025: IQI (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -7.4% | Avg. Invested days 43 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 510.33M USD | Price to earnings Ratio 9.75 | 1Y Target Price - |
Price to earnings Ratio 9.75 | 1Y Target Price - | ||
Volume (30-day avg) 171604 | Beta 0.64 | 52 Weeks Range 8.63 - 10.14 | Updated Date 03/30/2025 |
52 Weeks Range 8.63 - 10.14 | Updated Date 03/30/2025 | ||
Dividends yield (FY) 7.85% | Basic EPS (TTM) 0.99 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 128.22% | Operating Margin (TTM) 86.72% |
Management Effectiveness
Return on Assets (TTM) 2.53% | Return on Equity (TTM) 9.12% |
Valuation
Trailing PE 9.75 | Forward PE - | Enterprise Value 811431488 | Price to Sales(TTM) 12.5 |
Enterprise Value 811431488 | Price to Sales(TTM) 12.5 | ||
Enterprise Value to Revenue 11.43 | Enterprise Value to EBITDA - | Shares Outstanding 52883800 | Shares Floating - |
Shares Outstanding 52883800 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 31.97 |
Analyst Ratings
Rating 5 | Target Price - | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Invesco Quality Municipal Income Closed Fund
Company Overview
History and Background
Invesco Quality Municipal Income Closed Fund (IQI) was established to provide a high level of current income exempt from federal income tax, consistent with capital preservation. It is a closed-end fund, meaning it trades on an exchange like a stock.
Core Business Areas
- Municipal Bonds Investment: IQI invests primarily in municipal bonds that are exempt from federal income tax, aiming to generate income for shareholders.
Leadership and Structure
The fund is managed by Invesco Advisers, Inc. as an investment advisor. The organizational structure involves portfolio managers and analysts who oversee the fund's investments.
Top Products and Market Share
Key Offerings
- Municipal Bond Portfolio: IQI's primary product is its actively managed portfolio of municipal bonds. These bonds are selected to provide tax-exempt income. Market share data for a specific closed-end fund is difficult to quantify in the same way as for open-end mutual funds or ETFs, due to the fixed number of shares. Competitors include other closed-end municipal bond funds.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit ratings of issuers, and tax policies. Demand for municipal bonds often increases during periods of higher tax rates.
Positioning
IQI aims to differentiate itself through active management, selecting bonds based on credit analysis and market conditions. Competitive advantages may include expertise of portfolio managers and access to research.
Total Addressable Market (TAM)
The total addressable market is the entire municipal bond market, which is trillions of dollars. IQI captures a very small portion of this, with assets under management (AUM) measured in the hundreds of millions. Its position is dependent on its AUM and relative performance against other municipal bond funds.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Tax-exempt income
- Diversified portfolio
- Active management
Weaknesses
- Subject to market interest rate risk
- Discount to net asset value (NAV)
- Management fees reduce returns
- Leverage increases volatility
Opportunities
- Rising tax rates increasing demand for tax-exempt income
- Market dislocations creating attractive investment opportunities
- Growth in AUM
- Increase operational efficiency
Threats
- Rising interest rates reducing bond values
- Credit downgrades impacting bond values
- Changes in tax laws reducing the attractiveness of municipal bonds
- Increased competition from other municipal bond funds
Competitors and Market Share
Key Competitors
- NUV
- VFL
- MUB
Competitive Landscape
IQI's competitive advantage depends on its investment strategy and its ability to generate higher returns than its peers. Disadvantages may include higher expense ratios or less favorable market conditions.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Growth in a closed-end fund is typically driven by NAV appreciation and the ability to attract new investors.
Future Projections: Future growth is dependent on the fund's ability to generate attractive returns relative to its peers. Analyst estimates would project NAV growth and distribution sustainability.
Recent Initiatives: Recent initiatives may include adjustments to the portfolio based on market conditions or changes in investment strategy.
Summary
Invesco Quality Municipal Income Closed Fund (IQI) offers investors tax-exempt income through a diversified portfolio of municipal bonds. Its performance is sensitive to interest rate fluctuations and credit risks. The fund's success hinges on the management team's ability to navigate market conditions and generate competitive returns. It needs to manage its NAV discount and leverage effectively. IQI has the experience and good income for investors.
Similar Companies
- NUV
- VFL
- MUB
- HYD
- PZA
Sources and Disclaimers
Data Sources:
- Invesco's official website
- Financial data providers (e.g., Bloomberg, Yahoo Finance)
- SEC filings
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market share data and other financial metrics may vary depending on the source.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco Quality Municipal Income Closed Fund
Exchange NYSE | Headquaters Atlanta, GA, United States | ||
IPO Launch date 1994-10-27 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Invesco Quality Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, and municipal commercial paper. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was previously known as Morgan Stanley Quality Municipal Income Trust. Invesco Quality Municipal Income Trust was formed on September 29, 1992 and is domiciled in the United States.
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