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Invesco Value Municipal Income Trust
IIM

64 hedge funds and large institutions have $39.4M invested in Invesco Value Municipal Income Trust in 2015 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 11 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

8% more funds holding

Funds holding: 59 → 64 (+5)

0.45% more ownership

Funds ownership: 5.36% → 5.81% (+0.45%)

7% less capital invested

Capital invested by funds: $42.3M → $39.4M (-$2.9M)

39% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 18

Holders
64
Holders Change
+5
Holders Change %
+8.47%
% of All Funds
1.72%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
11
Reduced
18
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
+$3.93M
2
KIM
Karpus Investment Management
New York
+$2.7M
3
LCM
Landscape Capital Management
New Jersey
+$1.3M
4
Morgan Stanley
Morgan Stanley
New York
+$935K
5
WAM
Wolverine Asset Management
Illinois
+$685K

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$3.88M
2
LPL Financial
LPL Financial
California
-$642K
3
SPC
Sigma Planning Corp
Michigan
-$567K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$406K
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$376K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$399K +$153K +10,000 +57%
SPC
27
Sigma Planning Corp
Michigan
$371K -$567K -36,991 -59%
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$299K -$406K -26,503 -56%
ICAS
29
Investors Capital Advisory Services
Massachusetts
$292K -$82.6K -5,394 -21%
CIBC Private Wealth Group
30
CIBC Private Wealth Group
Georgia
$259K – – –
Stifel Financial
31
Stifel Financial
Missouri
$258K – – –
CCM
32
Coldstream Capital Management
Washington
$245K – – –
CCM
33
Catawba Capital Management
Virginia
$236K – – –
CAN
34
Cetera Advisor Networks
California
$233K – – –
RJA
35
Raymond James & Associates
Florida
$233K +$5.56K +363 +2%
Baird Financial Group
36
Baird Financial Group
Wisconsin
$220K +$234K +15,247 New
RFC
37
Regions Financial Corp
Alabama
$199K +$51K +3,328 +32%
VKH
38
Virtu KCG Holdings
New York
$192K +$205K +13,354 New
NCM
39
Northside Capital Management
Oregon
$155K – – –
BTS
40
BB&T Securities
Virginia
$153K -$47.5K -3,103 -23%
LYV
41
Live Your Vision
Pennsylvania
$145K – – –
CAM
42
Columbia Asset Management
Michigan
$144K – – –
US Bancorp
43
US Bancorp
Minnesota
$138K – – –
MFS
44
MSI Financial Services
Massachusetts
$136K +$64.2K +4,190 +80%
AIG
45
American International Group
New York
$114K -$1.23K -80 -1%
EWM
46
Endurance Wealth Management
Rhode Island
$107K +$114K +7,463 New
Bank of Montreal
47
Bank of Montreal
Ontario, Canada
$72K +$76.6K +5,000 New
WA
48
WFG Advisors
Texas
$58K +$61.3K +4,000 New
NFG
49
Next Financial Group
Texas
$42K +$44.9K +2,931 New
HCM
50
Highlander Capital Management
New Jersey
$41K – – –
1
2
3

IIM Hedge Fund Activity: Q2 2015 in Review

64 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2015, worth a combined $39.4M — down 6.9% from $42.3M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new IIM positions and 8 closed out — a net gain of 6 holders — while 11 added to existing stakes and 18 trimmed.

The largest buyer was Curi RMB Capital, opening a new position worth an estimated $3.93M. The largest seller was Goldman Sachs, exiting entirely with an estimated $3.88M sold.

  • 64 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2015, up from 59 in Q1 2015.
  • Funds reported $39.4M of Invesco Value Municipal Income Trust stock for Q2 2015, down 6.9% quarter-over-quarter.
  • 14 funds opened new Invesco Value Municipal Income Trust positions in Q2 2015 and 8 closed out, a net change of +6 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2015 was Curi RMB Capital, an estimated $3.93M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2015 was Goldman Sachs, an estimated $3.88M sold.

Based on aggregated 13F filings for Q2 2015.