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Invesco Value Municipal Income Trust
IIM

102 hedge funds and large institutions have $119M invested in Invesco Value Municipal Income Trust in 2020 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 8

63% more capital invested

Capital invested by funds: $73.1M → $119M (+$45.9M)

48% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 21

13% more funds holding

Funds holding: 90 → 102 (+12)

7.39% more ownership

Funds ownership: 10.54% → 17.93% (+7.4%)

Holders
102
Holders Change
+12
Holders Change %
+13.33%
% of All Funds
2.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
31
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$35.7M
2
RCM
Rivernorth Capital Management
Florida
+$8.48M
3
OCM
Oaktree Capital Management
California
+$5.53M
4
AA
AQR Arbitrage
Connecticut
+$2.33M
5
RCM
Robinson Capital Management
Michigan
+$2.29M

Top Sellers

Rank Fund Capital Flow
1
WQ
Wealth Quarterback
New Jersey
-$3.38M
2
PPA
Parametric Portfolio Associates
Washington
-$2.28M
3
Morgan Stanley
Morgan Stanley
New York
-$1.62M
4
WWM
Western Wealth Management
Colorado
-$1.41M
5
PFO
Pathstone Family Office
New Jersey
-$661K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIA
26
Capital Investment Advisors
Georgia
$1.04M -$79K -5,217 -7%
Osaic Holdings
27
Osaic Holdings
Arizona
$956K +$1.36M +89,857 New
Ameriprise
28
Ameriprise
Minnesota
$924K +$23.6K +1,560 +2%
LCM
29
Landscape Capital Management
New Jersey
$870K +$660K +43,570 +243%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$702K -$106K -6,997 -12%
GVAG
31
Great Valley Advisor Group
Delaware
$616K – – –
SPIA
32
Steward Partners Investment Advisory
New York
$594K +$4.51K +298 +0.7%
Truist Financial
33
Truist Financial
North Carolina
$564K -$75.7K -5,000 -11%
FFA
34
First Foundation Advisors
California
$520K +$28.4K +1,875 +5%
HKAM
35
Horizon Kinetics Asset Management
New York
$511K -$3.63K -240 -0.7%
WQ
36
Wealth Quarterback
New Jersey
$504K -$3.38M -223,267 -85%
MIG
37
Mariner Investment Group
New York
$495K +$530K +35,000 New
DWM
38
Dakota Wealth Management
Florida
$484K +$518K +34,204 New
Creative Planning
39
Creative Planning
Kansas
$464K -$76.3K -5,040 -13%
6M
40
6 Meridian
Kansas
$425K +$455K +30,073 New
MRCM
41
M&R Capital Management
New Jersey
$389K – – –
WAM
42
Wolverine Asset Management
Illinois
$362K +$388K +25,608 New
AAS
43
Avantax Advisory Services
Texas
$324K +$9.54K +630 +3%
WS
44
Wedbush Securities
California
$309K +$29.1K +1,925 +10%
Cambridge Investment Research Advisors
45
Cambridge Investment Research Advisors
Iowa
$305K -$598K -39,518 -65%
Northwestern Mutual Wealth Management
46
Northwestern Mutual Wealth Management
Wisconsin
$297K +$118K +7,798 +59%
BS
47
Boenning & Scattergood
Pennsylvania
$295K +$30.3K +2,000 +11%
LWP
48
Legacy Wealth Planning
Nevada
$292K – – –
RJA
49
Raymond James & Associates
Florida
$270K +$47K +3,104 +19%
Koshinski Asset Management
50
Koshinski Asset Management
Illinois
$263K +$469 +31 +0.2%
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IIM Hedge Fund Activity: Q1 2020 in Review

102 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2020, worth a combined $119M — up 63% from $73.1M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new IIM positions and 8 closed out — a net gain of 15 holders — while 31 added to existing stakes and 21 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $35.7M. The largest seller was Wealth Quarterback, cutting an estimated $3.38M.

  • 102 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2020, up from 90 in Q4 2019.
  • Funds reported $119M of Invesco Value Municipal Income Trust stock for Q1 2020, up 63% quarter-over-quarter.
  • 23 funds opened new Invesco Value Municipal Income Trust positions in Q1 2020 and 8 closed out, a net change of +15 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q1 2020 was Karpus Investment Management, an estimated $35.7M added.
  • The largest Invesco Value Municipal Income Trust seller in Q1 2020 was Wealth Quarterback, an estimated $3.38M sold.

Based on aggregated 13F filings for Q1 2020.