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Invesco Value Municipal Income Trust
IIM

92 hedge funds and large institutions have $127M invested in Invesco Value Municipal Income Trust in 2018 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 8

20% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 20

13% more capital invested

Capital invested by funds: $112M → $127M (+$15.1M)

11% more funds holding

Funds holding: 83 → 92 (+9)

2.72% more ownership

Funds ownership: 16.43% → 19.14% (+2.7%)

Holders
92
Holders Change
+9
Holders Change %
+10.84%
% of All Funds
2.11%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
24
Reduced
20
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$7.27M
2
RCM
Robinson Capital Management
Michigan
+$3.64M
3
Wells Fargo
Wells Fargo
California
+$2.34M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.54M
5
LCM
Landscape Capital Management
New Jersey
+$1.31M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$1.33M
2
GC
Guggenheim Capital
Illinois
-$606K
3
Baird Financial Group
Baird Financial Group
Wisconsin
-$446K
4
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
-$297K
5
FHA
Flagship Harbor Advisors
Massachusetts
-$294K
Name Holding Trade Value Shares
Change 		Change in
Stake
FFA
26
First Foundation Advisors
California
$664K -$47.7K -3,354 -7%
SPIA
27
Steward Partners Investment Advisory
New York
$590K -$55.5K -3,901 -9%
Susquehanna International Group
28
Susquehanna International Group
Pennsylvania
$567K +$570K +40,100 New
HK
29
Horizon Kinetics
New York
$514K +$1.25K +88 +0.2%
Northwestern Mutual Wealth Management
30
Northwestern Mutual Wealth Management
Wisconsin
$502K -$127K -8,938 -20%
CRC
31
Curi RMB Capital
Illinois
$491K +$495K +34,779 New
MRCM
32
M&R Capital Management
New Jersey
$481K – – –
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$455K – – –
DA
34
Doliver Advisors
Texas
$455K +$458K +32,226 New
Stifel Financial
35
Stifel Financial
Missouri
$438K +$114K +8,045 +35%
PFS
36
Prospera Financial Services
Texas
$430K -$267K -18,748 -38%
SCA
37
STALEY CAPITAL ADVISERS
Pennsylvania
$424K – – –
AA
38
AQR Arbitrage
Connecticut
$401K -$27.9K -1,963 -6%
RJA
39
Raymond James & Associates
Florida
$313K +$13.7K +962 +5%
SPC
40
Sigma Planning Corp
Michigan
$310K +$2.45K +172 +0.8%
CA
41
Cetera Advisors
Colorado
$310K +$314K +22,089 New
CAN
42
Cetera Advisor Networks
California
$293K +$295K +20,728 New
WMG
43
WESCAP Management Group
California
$292K – – –
BF
44
BOK Financial
Oklahoma
$286K – – –
GWM
45
Geneos Wealth Management
Colorado
$263K – – –
US Bancorp
46
US Bancorp
Minnesota
$261K – – –
BS
47
Boenning & Scattergood
Pennsylvania
$244K +$245K +17,250 New
SWA
48
SFMG Wealth Advisors
Texas
$239K – – –
CCWA
49
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$233K -$297K -20,885 -56%
Creative Planning
50
Creative Planning
Kansas
$214K -$85 -6 -0%
1
2
3 4 5

IIM Hedge Fund Activity: Q2 2018 in Review

92 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2018, worth a combined $127M — up 13% from $112M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new IIM positions and 8 closed out — a net gain of 10 holders — while 24 added to existing stakes and 20 trimmed.

The largest buyer was Laurion Capital Management, opening a new position worth an estimated $7.27M. The largest seller was Karpus Investment Management, cutting an estimated $1.33M.

  • 92 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2018, up from 83 in Q1 2018.
  • Funds reported $127M of Invesco Value Municipal Income Trust stock for Q2 2018, up 13% quarter-over-quarter.
  • 18 funds opened new Invesco Value Municipal Income Trust positions in Q2 2018 and 8 closed out, a net change of +10 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2018 was Laurion Capital Management, an estimated $7.27M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2018 was Karpus Investment Management, an estimated $1.33M sold.

Based on aggregated 13F filings for Q2 2018.