IQI

Invesco Quality Municipal Income Trust

Fundamental data last updated:October 8, 2026

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company profile

SECTOR

Financial Services

industry

Asset Management - Income

Exchange

NYSE

County of HQ

US

Next Earnings Date

Not Scheduled

Business Summary

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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VALUATION

P/E

29.25

Market Cap ($M USD)

$524.08M

Forward P/E

N/A

PEG

N/A

PRICE TO SALES

14.21

PRICE TO BOOK

0.96

EV / EBITDA

27.93

5-Year Average P/E

Free Cash Flow Yield

3.76%

DCF Value

$5.32

Graham Number

$8.89

Price to FCF

26.59

EV to FCF

40.61

Earnings Yield

3.42%

FCF Yield

3.76%

DIVIDEND

Yield

7.64%

Annual Payout

$0.76

Payout Ratio

139.53%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$0.34

Next Year EPS Growth Estimate

N/A

Next Year Revenue Growth Estimate

N/A

Return on Equity (ROE)

3.36%

FREE CASH FLOW

Operating Margin

77.71%

Debt-to-Equity

0.50

Piotroski F-Score

7

Altman Z-Score

1.27

Return on Invested Capital (ROIC)

3.44%

Current Ratio

65.13

Quick Ratio

65.13

Net Debt to EBITDA

9.64

Interest Coverage

2.67

Gross Profit margin

87.16%

FCF PER SHARE

$0.37

REVENUE PER SHARE

$0.70

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Gainseekers Quantitative Analysis

Summary

IQI Invesco Quality Municipal Income Trust presents a perplexing valuation scenario. The stock has traded above its DCF value, suggesting a potential overvaluation, yet its Price/Book ratio is below 1, indicating possible undervaluation. The Earnings Yield is modest, and the Altman Z-score signals caution with a score of 1.28, hinting at financial vulnerability. Despite a robust operating margin of 77.71%, the high P/E ratio raises questions about growth expectations. Investors must weigh these conflicting signals carefully.

AI Exposure / Tech Reliance

Operating within the asset management industry, IQI is positioned to leverage AI for enhanced data analytics and portfolio management. However, as a traditional income-focused trust, its adaptability to tech shifts may be limited compared to more tech-centric financial firms. The sector's inherent stability could buffer against rapid technological disruptions.

The Bull Case

For the value-driven investor, IQI offers compelling reasons to buy. The Piotroski F-Score of 7 indicates solid financial health, while a high operating margin underscores its pricing power. The ROIC of 3.44% and a decent FCF Yield suggest efficient capital allocation. These metrics paint a picture of a company with strong fundamentals, capable of generating consistent returns.

The Bear Case

Despite some strengths, IQI faces significant structural risks. The Price/Sales ratio is elevated, and the stock's proximity to its 52-week high suggests potential overextension. The payout ratio exceeds 100%, raising sustainability concerns. Additionally, the Altman Z-score indicates financial distress, and the earnings yield is underwhelming, casting doubt on future profitability.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

N/A

Average Analyst Price Target

N/A

Institutional Ownership %

1-Year Beta

0.74

Insider Buying % (6 Mo)

Distance to 52-Week High

5.15%

Distance to 52-Week Low

8.58%

EARNINGS SURPRISE %

N/A

50-DAY SMA

$9.77

200-DAY SMA

$9.90

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.