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Invesco Value Municipal Income Trust
IIM

63 hedge funds and large institutions have $39.6M invested in Invesco Value Municipal Income Trust in 2015 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 10

29% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 14

22% more capital invested

Capital invested by funds: $32.6M → $39.6M (+$7.02M)

9% more funds holding

Funds holding: 58 → 63 (+5)

0.71% more ownership

Funds ownership: 4.49% → 5.2% (+0.71%)

Holders
63
Holders Change
+5
Holders Change %
+8.62%
% of All Funds
1.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
18
Reduced
14
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$3.13M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$922K
3
Wells Fargo
Wells Fargo
California
+$904K
4
VKH
Virtu KCG Holdings
New York
+$841K
5
BTS
BB&T Securities
Virginia
+$526K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$965K
2
RJA
Raymond James & Associates
Florida
-$645K
3
MIM
Macroview Investment Management
Maryland
-$626K
4
Baird Financial Group
Baird Financial Group
Wisconsin
-$234K
5
GWM
Gupta Wealth Management
California
-$204K
Name Holding Trade Value Shares
Change 		Change in
Stake
HCM
26
Hollencrest Capital Management
California
$468K – – –
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$410K -$11.9K -753 -3%
MFS
28
MSI Financial Services
Massachusetts
$398K +$136K +8,627 +54%
SPC
29
Sigma Planning Corp
Michigan
$351K -$150K -9,500 -31%
IA
30
IFP Advisors
Florida
$296K +$288K +18,201 New
CIBC Private Wealth Group
31
CIBC Private Wealth Group
Georgia
$292K -$53.8K -3,400 -16%
RJA
32
Raymond James & Associates
Florida
$279K -$645K -40,797 -70%
ICAS
33
Investors Capital Advisory Services
Massachusetts
$278K -$59.8K -3,784 -18%
Stifel Financial
34
Stifel Financial
Missouri
$274K -$7.24K -458 -3%
CCM
35
Catawba Capital Management
Virginia
$267K – – –
US Bancorp
36
US Bancorp
Minnesota
$256K +$36.8K +2,324 +17%
CCM
37
Coldstream Capital Management
Washington
$248K +$21K +1,330 +10%
CAN
38
Cetera Advisor Networks
California
$219K – – –
Creative Planning
39
Creative Planning
Kansas
$209K +$53.8K +3,404 +36%
RFC
40
Regions Financial Corp
Alabama
$200K – – –
Koshinski Asset Management
41
Koshinski Asset Management
Illinois
$191K +$186K +11,770 New
SBIA
42
Sheaff Brock Investment Advisors
Indiana
$177K +$172K +10,896 New
Bank of New York Mellon
43
Bank of New York Mellon
New York
$172K +$167K +10,577 New
YP
44
Yellowstone Partners
Idaho
$167K +$142 +9 +0.1%
LYV
45
Live Your Vision
Pennsylvania
$163K – – –
AIG
46
American International Group
New York
$163K +$23.7K +1,500 +18%
CAM
47
Columbia Asset Management
Michigan
$162K – – –
EWM
48
Endurance Wealth Management
Rhode Island
$121K – – –
ACS
49
Archford Capital Strategies
Illinois
$85K +$81.9K +5,177 New
MFT
50
Moisand Fitzgerald Tamayo
Florida
$59K +$57.3K +3,626 New
1
2
3

IIM Hedge Fund Activity: Q4 2015 in Review

63 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2015, worth a combined $39.6M — up 22% from $32.6M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new IIM positions and 10 closed out — a net gain of 5 holders — while 18 added to existing stakes and 14 trimmed.

The largest buyer was LPL Financial, adding an estimated $3.13M. The largest seller was Morgan Stanley, cutting an estimated $965K.

  • 63 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2015, up from 58 in Q3 2015.
  • Funds reported $39.6M of Invesco Value Municipal Income Trust stock for Q4 2015, up 22% quarter-over-quarter.
  • 15 funds opened new Invesco Value Municipal Income Trust positions in Q4 2015 and 10 closed out, a net change of +5 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q4 2015 was LPL Financial, an estimated $3.13M added.
  • The largest Invesco Value Municipal Income Trust seller in Q4 2015 was Morgan Stanley, an estimated $965K sold.

Based on aggregated 13F filings for Q4 2015.