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Invesco Value Municipal Income Trust
IIM

60 hedge funds and large institutions have $45.1M invested in Invesco Value Municipal Income Trust in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 21 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 15

1% more capital invested

Capital invested by funds: $44.8M → $45.1M (+$278K)

0.24% more ownership

Funds ownership: 5.32% → 5.55% (+0.24%)

2% less funds holding

Funds holding: 61 → 60 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
60
Holders Change
-1
Holders Change %
-1.64%
% of All Funds
1.72%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
21
Reduced
15
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.38M
2
VKH
Virtu KCG Holdings
New York
+$1.07M
3
TC
TFS Capital
Pennsylvania
+$603K
4
Morgan Stanley
Morgan Stanley
New York
+$369K
5
MIM
Macroview Investment Management
Maryland
+$271K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$625K
2
AAM
Advisors Asset Management
Colorado
-$505K
3
PPA
Parametric Portfolio Associates
Washington
-$479K
4
GCM
Gruss Capital Management
New York
-$452K
5
BTS
BB&T Securities
Virginia
-$359K
Name Holding Trade Value Shares
Change 		Change in
Stake
HK
26
Horizon Kinetics
New York
$401K -$7.51K -500 -2%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$396K -$7.79K -519 -2%
B
28
Baird
Wisconsin
$366K +$31.2K +2,080 +9%
LCM
29
Landscape Capital Management
New Jersey
$361K +$209K +13,917 +137%
RJFSA
30
Raymond James Financial Services Advisors
Florida
$346K +$3K +200 +0.9%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$340K -$50.8K -3,383 -13%
CCM
32
Coldstream Capital Management
Washington
$334K -$19.2K -1,276 -5%
UCFA
33
United Capital Financial Advisors
Texas
$317K -$28.8K -1,921 -8%
GCM
34
Gruss Capital Management
New York
$283K -$452K -30,099 -61%
CIBC Private Wealth Group
35
CIBC Private Wealth Group
Georgia
$269K – – –
Stifel Financial
36
Stifel Financial
Missouri
$268K +$118K +7,850 +79%
RJA
37
Raymond James & Associates
Florida
$252K -$62.4K -4,156 -20%
OL
38
OTA LLC
New York
$251K +$252K +16,788 New
CCM
39
Catawba Capital Management
Virginia
$246K – – –
MFS
40
MSI Financial Services
Massachusetts
$228K +$20.4K +1,358 +10%
BCMIO
41
Beacon Capital Management Inc (Ohio)
Ohio
$227K +$6.38K +425 +3%
CA
42
Cetera Advisors
Colorado
$195K -$6.76K -450 -3%
LYV
43
Live Your Vision
Pennsylvania
$190K – – –
LTFS
44
Ladenburg Thalmann Financial Services
Florida
$180K +$12.6K +838 +8%
Northwestern Mutual Wealth Management
45
Northwestern Mutual Wealth Management
Wisconsin
$170K +$78.3K +5,217 +85%
CAM
46
Columbia Asset Management
Michigan
$150K – – –
US Bancorp
47
US Bancorp
Minnesota
$143K – – –
EWM
48
Edge Wealth Management
New York
$111K – – –
AIG
49
American International Group
New York
$107K -$111K -7,400 -51%
Creative Planning
50
Creative Planning
Kansas
$66K +$54.1K +3,600 +433%
1
2
3

IIM Hedge Fund Activity: Q2 2014 in Review

60 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2014, worth a combined $45.1M — up 0.62% from $44.8M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of IIM and 5 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 21 added.

The largest buyer was Bank of America, adding an estimated $1.38M. The largest seller was Guggenheim Capital, exiting entirely with an estimated $625K sold.

  • 60 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2014, down from 61 in Q1 2014.
  • Funds reported $45.1M of Invesco Value Municipal Income Trust stock for Q2 2014, up 0.62% quarter-over-quarter.
  • 5 funds opened new Invesco Value Municipal Income Trust positions in Q2 2014 and 6 closed out, a net change of -1 holder.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2014 was Bank of America, an estimated $1.38M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2014 was Guggenheim Capital, an estimated $625K sold.

Based on aggregated 13F filings for Q2 2014.