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Invesco Value Municipal Income Trust
IIM

81 hedge funds and large institutions have $78M invested in Invesco Value Municipal Income Trust in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 27 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 17

9% more capital invested

Capital invested by funds: $71.7M → $78M (+$6.29M)

0.28% more ownership

Funds ownership: 10.63% → 10.91% (+0.28%)

6% less funds holding

Funds holding: 86 → 81 (-5)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

Holders
81
Holders Change
-5
Holders Change %
-5.81%
% of All Funds
1.76%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
27
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WWM
Western Wealth Management
Colorado
+$2.59M
2
VCM
Vivaldi Capital Management
Illinois
+$944K
3
AAM
Advisors Asset Management
Colorado
+$451K
4
VanEck Associates
VanEck Associates
New York
+$449K
5
Morgan Stanley
Morgan Stanley
New York
+$374K

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$1.1M
2
GC
Guggenheim Capital
Illinois
-$715K
3
6M
6 Meridian
Kansas
-$687K
4
Wells Fargo
Wells Fargo
California
-$425K
5
BTS
BB&T Securities
Virginia
-$244K
Name Holding Trade Value Shares
Change 		Change in
Stake
PCP
26
Proficio Capital Partners
Massachusetts
$668K -$32.9K -2,234 -5%
GVAG
27
Great Valley Advisor Group
Delaware
$663K – – –
BTS
28
BB&T Securities
Virginia
$659K -$244K -16,598 -28%
SPIA
29
Steward Partners Investment Advisory
New York
$641K +$1.49K +101 +0.2%
HKAM
30
Horizon Kinetics Asset Management
New York
$554K – – –
Creative Planning
31
Creative Planning
Kansas
$527K +$51.6K +3,503 +11%
Stifel Financial
32
Stifel Financial
Missouri
$449K -$18.4K -1,250 -4%
FFA
33
First Foundation Advisors
California
$428K -$22.8K -1,550 -5%
MRCM
34
M&R Capital Management
New Jersey
$419K – – –
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$400K +$2.09K +142 +0.5%
PFS
36
Prospera Financial Services
Texas
$393K – – –
AG
37
Advisor Group
Arizona
$364K +$26.5K +1,800 +8%
RJA
38
Raymond James & Associates
Florida
$290K -$76K -5,164 -21%
BS
39
Boenning & Scattergood
Pennsylvania
$287K +$23.6K +1,600 +9%
CAN
40
Cetera Advisor Networks
California
$275K – – –
HCM
41
Hollencrest Capital Management
California
$260K – – –
BF
42
BOK Financial
Oklahoma
$255K – – –
CCWA
43
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$252K +$9.06K +615 +4%
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$247K +$95.5K +6,488 +67%
Koshinski Asset Management
45
Koshinski Asset Management
Illinois
$241K +$56.5K +3,836 +32%
US Bancorp
46
US Bancorp
Minnesota
$237K – – –
AA
47
Ancora Advisors
Ohio
$228K – – –
DAS
48
Dynamic Advisor Solutions
Arizona
$222K -$13.3K -900 -6%
NS
49
NewDay Solutions
New Hampshire
$221K +$214K +14,509 New
HighTower Advisors
50
HighTower Advisors
Illinois
$216K -$9.82K -667 -4%
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IIM Hedge Fund Activity: Q2 2019 in Review

81 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2019, worth a combined $78M — up 8.8% from $71.7M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of IIM and 6 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 27 added.

The largest buyer was Western Wealth Management, opening a new position worth an estimated $2.59M. The largest seller was JP Morgan Chase, cutting an estimated $1.1M.

  • 81 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2019, down from 86 in Q1 2019.
  • Funds reported $78M of Invesco Value Municipal Income Trust stock for Q2 2019, up 8.8% quarter-over-quarter.
  • 6 funds opened new Invesco Value Municipal Income Trust positions in Q2 2019 and 10 closed out, a net change of -4 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2019 was Western Wealth Management, an estimated $2.59M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2019 was JP Morgan Chase, an estimated $1.1M sold.

Based on aggregated 13F filings for Q2 2019.