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Invesco Value Municipal Income Trust
IIM

75 hedge funds and large institutions have $65.5M invested in Invesco Value Municipal Income Trust in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 25 increasing their positions, 16 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 16

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.43% less ownership

Funds ownership: 9.63% → 9.2% (-0.43%)

1% less capital invested

Capital invested by funds: $65.9M → $65.5M (-$418K)

3% less funds holding

Funds holding: 77 → 75 (-2)

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

Holders
75
Holders Change
-2
Holders Change %
-2.6%
% of All Funds
1.87%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
6
Increased
25
Reduced
16
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$4.06M
2
Wells Fargo
Wells Fargo
California
+$1.34M
3
GC
Guggenheim Capital
Illinois
+$1.06M
4
AIA
Avalon Investment & Advisory
Texas
+$545K
5
GWM
Geneos Wealth Management
Colorado
+$258K

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$3.19M
2
CRC
Curi RMB Capital
Illinois
-$2.27M
3
LPL Financial
LPL Financial
California
-$1.48M
4
ACS
Archford Capital Strategies
Illinois
-$940K
5
LCM
Landscape Capital Management
New Jersey
-$904K
Name Holding Trade Value Shares
Change 		Change in
Stake
PFS
26
Prospera Financial Services
Texas
$669K -$35.4K -2,363 -5%
DA
27
Doliver Advisors
Texas
$634K +$33K +2,200 +6%
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$619K +$114K +7,602 +23%
RJA
29
Raymond James & Associates
Florida
$619K +$188K +12,572 +45%
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$592K – – –
CCWA
31
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$579K -$58.6K -3,910 -9%
Northwestern Mutual Wealth Management
32
Northwestern Mutual Wealth Management
Wisconsin
$563K +$539 +36 +0.1%
Baird Financial Group
33
Baird Financial Group
Wisconsin
$552K +$74.8K +4,996 +16%
AIA
34
Avalon Investment & Advisory
Texas
$552K +$545K +36,371 New
MRCM
35
M&R Capital Management
New Jersey
$530K – – –
CA
36
Cetera Advisors
Colorado
$497K -$21.8K -1,457 -4%
FFA
37
First Foundation Advisors
California
$480K – – –
SPC
38
Sigma Planning Corp
Michigan
$474K +$43.8K +2,925 +10%
AA
39
AQR Arbitrage
Connecticut
$460K – – –
SCA
40
STALEY CAPITAL ADVISERS
Pennsylvania
$455K – – –
CAN
41
Cetera Advisor Networks
California
$346K +$15.4K +1,027 +5%
FHA
42
Flagship Harbor Advisors
Massachusetts
$320K +$50.7K +3,385 +19%
Ameriprise
43
Ameriprise
Minnesota
$311K +$18.3K +1,224 +6%
GWM
44
Geneos Wealth Management
Colorado
$305K +$258K +17,200 +587%
WMG
45
WESCAP Management Group
California
$282K – – –
SWA
46
SFMG Wealth Advisors
Texas
$257K – – –
Stifel Financial
47
Stifel Financial
Missouri
$256K – – –
Koshinski Asset Management
48
Koshinski Asset Management
Illinois
$256K +$524 +35 +0.2%
US Bancorp
49
US Bancorp
Minnesota
$239K – – –
IA
50
IFP Advisors
Florida
$227K – – –
1
2
3 4

IIM Hedge Fund Activity: Q2 2017 in Review

75 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2017, worth a combined $65.5M — down 0.63% from $65.9M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of IIM and 6 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 25 added.

The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $4.06M. The largest seller was Fiera Capital (Canada), cutting an estimated $3.19M.

  • 75 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2017, down from 77 in Q1 2017.
  • Funds reported $65.5M of Invesco Value Municipal Income Trust stock for Q2 2017, down 0.63% quarter-over-quarter.
  • 6 funds opened new Invesco Value Municipal Income Trust positions in Q2 2017 and 8 closed out, a net change of -2 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $4.06M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2017 was Fiera Capital (Canada), an estimated $3.19M sold.

Based on aggregated 13F filings for Q2 2017.