We are live on ! Find out more
IIM icon

Invesco Value Municipal Income Trust
IIM

88 hedge funds and large institutions have $99.1M invested in Invesco Value Municipal Income Trust in 2018 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 22 increasing their positions, 25 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 14

1% more funds holding

Funds holding: 87 → 88 (+1)

2.61% less ownership

Funds ownership: 18.19% → 15.58% (-2.6%)

12% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 25

16% less capital invested

Capital invested by funds: $119M → $99.1M (-$19.4M)

Holders
88
Holders Change
+1
Holders Change %
+1.15%
% of All Funds
1.96%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
22
Reduced
25
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$11.2M
2
SIA
Sit Investment Associates
Minnesota
+$1.99M
3
Morgan Stanley
Morgan Stanley
New York
+$1.63M
4
LCM
Landscape Capital Management
New Jersey
+$1.59M
5
DFG
Delphi Financial Group
Delaware
+$1.51M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$25.8M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$6.08M
3
PPA
Parametric Portfolio Associates
Washington
-$2.53M
4
Bessemer Group
Bessemer Group
New Jersey
-$1.38M
5
DWM
Dakota Wealth Management
Florida
-$978K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$614K -$49.6K -3,698 -8%
GVAG
27
Great Valley Advisor Group
Delaware
$589K +$584K +43,592 New
AAM
28
Advisors Asset Management
Colorado
$578K +$301K +22,480 +111%
SPIA
29
Steward Partners Investment Advisory
New York
$574K +$5.17K +386 +0.9%
6M
30
6 Meridian
Kansas
$560K +$555K +41,436 New
KA
31
Kovack Advisors
Florida
$555K +$550K +41,032 New
FFA
32
First Foundation Advisors
California
$495K -$76.8K -5,727 -14%
HK
33
Horizon Kinetics
New York
$492K – – –
MRCM
34
M&R Capital Management
New Jersey
$460K – – –
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$415K -$967K -72,158 -70%
Stifel Financial
36
Stifel Financial
Missouri
$389K -$106K -7,900 -22%
FM
37
Family Management
New York
$373K +$370K +27,588 New
Creative Planning
38
Creative Planning
Kansas
$366K +$161K +12,043 +80%
RJA
39
Raymond James & Associates
Florida
$337K +$1.11K +83 +0.3%
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$306K -$142K -10,627 -32%
SPC
41
Sigma Planning Corp
Michigan
$285K -$6.17K -460 -2%
CAN
42
Cetera Advisor Networks
California
$252K – – –
WAM
43
Weiss Asset Management
Massachusetts
$239K +$237K +17,692 New
HCM
44
Hollencrest Capital Management
California
$231K – – –
BF
45
BOK Financial
Oklahoma
$226K – – –
CCWA
46
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$215K -$7.37K -550 -3%
US Bancorp
47
US Bancorp
Minnesota
$211K -$24.3K -1,811 -10%
DAS
48
Dynamic Advisor Solutions
Arizona
$211K -$7.31K -545 -4%
AA
49
Ancora Advisors
Ohio
$203K – – –
HighTower Advisors
50
HighTower Advisors
Illinois
$201K +$20.1K +1,500 +11%
1
2
3 4 5

IIM Hedge Fund Activity: Q4 2018 in Review

88 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2018, worth a combined $99.1M — down 16% from $119M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new IIM positions and 14 closed out — a net gain of 3 holders — while 22 added to existing stakes and 25 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $11.2M. The largest seller was Karpus Investment Management, cutting an estimated $25.8M.

  • 88 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2018, up from 87 in Q3 2018.
  • Funds reported $99.1M of Invesco Value Municipal Income Trust stock for Q4 2018, down 16% quarter-over-quarter.
  • 17 funds opened new Invesco Value Municipal Income Trust positions in Q4 2018 and 14 closed out, a net change of +3 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q4 2018 was Rivernorth Capital Management, an estimated $11.2M added.
  • The largest Invesco Value Municipal Income Trust seller in Q4 2018 was Karpus Investment Management, an estimated $25.8M sold.

Based on aggregated 13F filings for Q4 2018.