Invesco Value Municipal Income Trust
IIM
77 hedge funds and large institutions have $65.9M invested in Invesco Value Municipal Income Trust in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 20 reducing their positions, and 7 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 20
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
20% more capital invested
Capital invested by funds: $54.8M → $65.9M (+$11.1M)
1.65% more ownership
Funds ownership: 7.98% → 9.63% (+1.7%)
1% more funds holding
Funds holding: 76 → 77 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$4.02M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3.84M |
| 3 |
AGM
Alpine Global Management
New York
|
+$909K |
| 4 |
SPIA
Steward Partners Investment Advisory
New York
|
+$900K |
| 5 |
Morgan Stanley
New York
|
+$737K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
-$874K |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$775K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$545K |
| 4 |
Squarepoint
New York
|
-$421K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$320K |
IIM Hedge Fund Activity: Q1 2017 in Review
77 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2017, worth a combined $65.9M — up 20% from $54.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new IIM positions and 7 closed out — a net gain of 2 holders — while 28 added to existing stakes and 20 trimmed.
The largest buyer was Curi RMB Capital, adding an estimated $4.02M. The largest seller was Virtu KCG Holdings, exiting entirely with an estimated $874K sold.
- 77 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2017, up from 76 in Q4 2016.
- Funds reported $65.9M of Invesco Value Municipal Income Trust stock for Q1 2017, up 20% quarter-over-quarter.
- 9 funds opened new Invesco Value Municipal Income Trust positions in Q1 2017 and 7 closed out, a net change of +2 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q1 2017 was Curi RMB Capital, an estimated $4.02M added.
- The largest Invesco Value Municipal Income Trust seller in Q1 2017 was Virtu KCG Holdings, an estimated $874K sold.
Based on aggregated 13F filings for Q1 2017.