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Invesco Value Municipal Income Trust
IIM

66 hedge funds and large institutions have $44.6M invested in Invesco Value Municipal Income Trust in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

35% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 17

12% more capital invested

Capital invested by funds: $39.7M → $44.6M (+$4.89M)

8% more funds holding

Funds holding: 61 → 66 (+5)

0.38% more ownership

Funds ownership: 4.99% → 5.37% (+0.38%)

Holders
66
Holders Change
+5
Holders Change %
+8.2%
% of All Funds
1.76%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
23
Reduced
17
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$2.77M
2
CRC
Curi RMB Capital
Illinois
+$1.71M
3
VanEck Associates
VanEck Associates
New York
+$424K
4
IA
IFP Advisors
Florida
+$333K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$330K

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$2.38M
2
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$428K
3
Wells Fargo
Wells Fargo
California
-$326K
4
MFS
MSI Financial Services
Massachusetts
-$255K
5
AIG
American International Group
New York
-$214K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$509K +$5.68K +329 +1%
Creative Planning
27
Creative Planning
Kansas
$417K +$31.9K +1,849 +9%
BCMIO
28
Beacon Capital Management Inc (Ohio)
Ohio
$399K -$25K -1,450 -6%
WMG
29
WESCAP Management Group
California
$373K – – –
Koshinski Asset Management
30
Koshinski Asset Management
Illinois
$362K +$18.3K +1,061 +5%
RJA
31
Raymond James & Associates
Florida
$355K +$40.8K +2,361 +13%
IA
32
IFP Advisors
Florida
$342K +$333K +19,285 New
CAN
33
Cetera Advisor Networks
California
$333K -$3.82K -221 -1%
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$315K -$428K -24,786 -58%
CIBC Private Wealth Group
35
CIBC Private Wealth Group
Georgia
$314K -$48.2K -2,790 -14%
SPC
36
Sigma Planning Corp
Michigan
$307K -$87.5K -5,066 -23%
US Bancorp
37
US Bancorp
Minnesota
$280K – – –
DA
38
Doliver Advisors
Texas
$272K +$262K +15,181 New
AG
39
Advisor Group
Arizona
$261K +$255K +14,769 New
CCM
40
Catawba Capital Management
Virginia
$257K -$33.4K -1,935 -12%
ICAS
41
Investors Capital Advisory Services
Massachusetts
$251K +$1.78K +103 +0.7%
RFC
42
Regions Financial Corp
Alabama
$218K – – –
SBIA
43
Sheaff Brock Investment Advisors
Indiana
$198K +$2.14K +124 +1%
RJT
44
Raymond James Trust
Florida
$197K +$191K +11,084 New
GWM
45
Geneos Wealth Management
Colorado
$193K +$86.3K +5,000 +86%
SSB
46
Sandy Spring Bank
Maryland
$192K – – –
YP
47
Yellowstone Partners
Idaho
$182K +$155 +9 +0.1%
LYV
48
Live Your Vision
Pennsylvania
$178K – – –
CAM
49
Columbia Asset Management
Michigan
$177K – – –
MFS
50
MSI Financial Services
Massachusetts
$171K -$255K -14,760 -60%
1
2
3

IIM Hedge Fund Activity: Q2 2016 in Review

66 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2016, worth a combined $44.6M — up 12% from $39.7M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new IIM positions and 5 closed out — a net gain of 5 holders — while 23 added to existing stakes and 17 trimmed.

The largest buyer was Guggenheim Capital, opening a new position worth an estimated $2.77M. The largest seller was LPL Financial, cutting an estimated $2.38M.

  • 66 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2016, up from 61 in Q1 2016.
  • Funds reported $44.6M of Invesco Value Municipal Income Trust stock for Q2 2016, up 12% quarter-over-quarter.
  • 10 funds opened new Invesco Value Municipal Income Trust positions in Q2 2016 and 5 closed out, a net change of +5 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2016 was Guggenheim Capital, an estimated $2.77M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2016 was LPL Financial, an estimated $2.38M sold.

Based on aggregated 13F filings for Q2 2016.