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Invesco Value Municipal Income Trust
IIM

58 hedge funds and large institutions have $32.6M invested in Invesco Value Municipal Income Trust in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.33% less ownership

Funds ownership: 5.81% → 4.49% (-1.3%)

9% less funds holding

Funds holding: 64 → 58 (-6)

17% less capital invested

Capital invested by funds: $39.4M → $32.6M (-$6.82M)

19% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 21

50% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 12

Holders
58
Holders Change
-6
Holders Change %
-9.38%
% of All Funds
1.62%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
17
Reduced
21
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
+$635K
2
Morgan Stanley
Morgan Stanley
New York
+$593K
3
LPL Financial
LPL Financial
California
+$429K
4
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$420K
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$381K

Top Sellers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
-$3.69M
2
KIM
Karpus Investment Management
New York
-$2.53M
3
LTFS
Ladenburg Thalmann Financial Services
Florida
-$2.29M
4
LCM
Landscape Capital Management
New Jersey
-$1.11M
5
WAM
Wolverine Asset Management
Illinois
-$643K
Name Holding Trade Value Shares
Change 		Change in
Stake
ICAS
26
Investors Capital Advisory Services
Massachusetts
$322K +$8.81K +580 +3%
PFS
27
Prospera Financial Services
Texas
$293K +$289K +19,000 New
Stifel Financial
28
Stifel Financial
Missouri
$267K -$9.75K -642 -4%
CCM
29
Catawba Capital Management
Virginia
$253K – – –
MFS
30
MSI Financial Services
Massachusetts
$245K +$97.6K +6,427 +68%
Baird Financial Group
31
Baird Financial Group
Wisconsin
$234K -$1.03K -68 -0.4%
CCM
32
Coldstream Capital Management
Washington
$215K -$47.2K -3,107 -18%
CAN
33
Cetera Advisor Networks
California
$209K -$15.2K -1,000 -7%
US Bancorp
34
US Bancorp
Minnesota
$208K +$58.6K +3,858 +40%
GWM
35
Gupta Wealth Management
California
$204K +$200K +13,200 New
RFC
36
Regions Financial Corp
Alabama
$190K -$22.8K -1,500 -11%
LCM
37
Landscape Capital Management
New Jersey
$178K -$1.11M -73,073 -86%
NCM
38
Northside Capital Management
Oregon
$166K – – –
YP
39
Yellowstone Partners
Idaho
$158K +$156K +10,253 New
CAM
40
Columbia Asset Management
Michigan
$154K – – –
LYV
41
Live Your Vision
Pennsylvania
$154K – – –
Creative Planning
42
Creative Planning
Kansas
$146K +$143K +9,436 New
AIG
43
American International Group
New York
$132K +$9.69K +638 +8%
EWM
44
Endurance Wealth Management
Rhode Island
$118K – – –
HCM
45
Highlander Capital Management
New Jersey
$43K – – –
ASN
46
Advisory Services Network
Georgia
$39K – – –
JFA
47
JNBA Financial Advisors
Minnesota
$31K – – –
Thrivent Financial for Lutherans
48
Thrivent Financial for Lutherans
Minnesota
$28K – – –
EWM
49
Edge Wealth Management
New York
$25K -$3.11K -205 -11%
FNBT
50
FineMark National Bank & Trust
Florida
$23K – – –
1
2
3

IIM Hedge Fund Activity: Q3 2015 in Review

58 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2015, worth a combined $32.6M — down 17% from $39.4M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of IIM and 6 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 17 added.

The largest buyer was Raymond James & Associates, adding an estimated $635K. The largest seller was Curi RMB Capital, exiting entirely with an estimated $3.69M sold.

  • 58 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2015, down from 64 in Q2 2015.
  • Funds reported $32.6M of Invesco Value Municipal Income Trust stock for Q3 2015, down 17% quarter-over-quarter.
  • 6 funds opened new Invesco Value Municipal Income Trust positions in Q3 2015 and 12 closed out, a net change of -6 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q3 2015 was Raymond James & Associates, an estimated $635K added.
  • The largest Invesco Value Municipal Income Trust seller in Q3 2015 was Curi RMB Capital, an estimated $3.69M sold.

Based on aggregated 13F filings for Q3 2015.