Invesco Value Municipal Income Trust
IIM
83 hedge funds and large institutions have $112M invested in Invesco Value Municipal Income Trust in 2018 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 20 increasing their positions, 21 reducing their positions, and 10 closing their positions.
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
4% more funds holding
Funds holding: 80 → 83 (+3)
0.45% less ownership
Funds ownership: 16.87% → 16.43% (-0.45%)
5% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 21
5% less capital invested
Capital invested by funds: $118M → $112M (-$6.13M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.51M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.54M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.27M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.08M |
| 5 |
HK
Horizon Kinetics
New York
|
+$526K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3.16M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
-$1.29M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.27M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.09M |
| 5 |
Morgan Stanley
New York
|
-$844K |
IIM Hedge Fund Activity: Q1 2018 in Review
83 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2018, worth a combined $112M — down 5.2% from $118M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new IIM positions and 10 closed out — a net gain of 4 holders — while 20 added to existing stakes and 21 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $2.51M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $3.16M sold.
- 83 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2018, up from 80 in Q4 2017.
- Funds reported $112M of Invesco Value Municipal Income Trust stock for Q1 2018, down 5.2% quarter-over-quarter.
- 14 funds opened new Invesco Value Municipal Income Trust positions in Q1 2018 and 10 closed out, a net change of +4 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q1 2018 was Parametric Portfolio Associates, an estimated $2.51M added.
- The largest Invesco Value Municipal Income Trust seller in Q1 2018 was Robinson Capital Management, an estimated $3.16M sold.
Based on aggregated 13F filings for Q1 2018.