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Invesco Value Municipal Income Trust
IIM

98 hedge funds and large institutions have $142M invested in Invesco Value Municipal Income Trust in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 32 increasing their positions, 30 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more capital invested

Capital invested by funds: $119M → $142M (+$23.2M)

2.93% more ownership

Funds ownership: 17.93% → 20.87% (+2.9%)

7% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 30

4% less funds holding

Funds holding: 102 → 98 (-4)

29% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 14

Holders
98
Holders Change
-4
Holders Change %
-3.92%
% of All Funds
2.01%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
10
Increased
32
Reduced
30
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$9.83M
2
RCM
Robinson Capital Management
Michigan
+$8.43M
3
SIA
Sit Investment Associates
Minnesota
+$4.1M
4
PPA
Parametric Portfolio Associates
Washington
+$3.7M
5
Bank of America
Bank of America
North Carolina
+$571K

Top Sellers

Rank Fund Capital Flow
1
OCM
Oaktree Capital Management
California
-$5.16M
2
KIM
Karpus Investment Management
New York
-$2.06M
3
LCM
Landscape Capital Management
New Jersey
-$544K
4
PWS
Private Wealth Strategies
Ohio
-$506K
5
Osaic Holdings
Osaic Holdings
Arizona
-$329K
Name Holding Trade Value Shares
Change 		Change in
Stake
MIG
26
Mariner Investment Group
New York
$947K +$431K +30,544 +87%
Ameriprise
27
Ameriprise
Minnesota
$944K +$42 +3 +0%
6M
28
6 Meridian
Kansas
$774K +$332K +23,512 +78%
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$738K +$20.3K +1,437 +3%
WQ
30
Wealth Quarterback
New Jersey
$686K +$96.5K +6,842 +17%
Creative Planning
31
Creative Planning
Kansas
$675K +$196K +13,887 +42%
GVAG
32
Great Valley Advisor Group
Delaware
$630K – – –
PWS
33
Private Wealth Strategies
Ohio
$618K -$506K -35,879 -46%
SPIA
34
Steward Partners Investment Advisory
New York
$613K +$4.53K +321 +0.8%
Truist Financial
35
Truist Financial
North Carolina
$576K – – –
FFA
36
First Foundation Advisors
California
$543K +$11.3K +800 +2%
DWM
37
Dakota Wealth Management
Florida
$539K +$43.7K +3,100 +9%
HKAM
38
Horizon Kinetics Asset Management
New York
$523K – – –
Susquehanna International Group
39
Susquehanna International Group
Pennsylvania
$521K +$509K +36,075 New
Invesco
40
Invesco
Georgia
$492K +$481K +34,056 New
CNBTD
41
Citizens National Bank Trust Department
Mississippi
$428K +$418K +29,600 New
LCM
42
Landscape Capital Management
New Jersey
$332K -$544K -38,555 -63%
AAS
43
Avantax Advisory Services
Texas
$332K – – –
WS
44
Wedbush Securities
California
$316K – – –
Cambridge Investment Research Advisors
45
Cambridge Investment Research Advisors
Iowa
$308K -$3.3K -234 -1%
BS
46
Boenning & Scattergood
Pennsylvania
$301K – – –
LWP
47
Legacy Wealth Planning
Nevada
$298K – – –
WMG
48
WESCAP Management Group
California
$296K +$115K +8,132 +66%
Koshinski Asset Management
49
Koshinski Asset Management
Illinois
$269K +$522 +37 +0.2%
CAN
50
Cetera Advisor Networks
California
$236K +$10.1K +715 +5%
1
2
3 4 5

IIM Hedge Fund Activity: Q2 2020 in Review

98 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2020, worth a combined $142M — up 19% from $119M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of IIM and 10 opened new positions — a net loss of 4 holders — while 30 trimmed existing stakes and 32 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $9.83M. The largest seller was Oaktree Capital Management, exiting entirely with an estimated $5.16M sold.

  • 98 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2020, down from 102 in Q1 2020.
  • Funds reported $142M of Invesco Value Municipal Income Trust stock for Q2 2020, up 19% quarter-over-quarter.
  • 10 funds opened new Invesco Value Municipal Income Trust positions in Q2 2020 and 14 closed out, a net change of -4 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2020 was Rivernorth Capital Management, an estimated $9.83M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2020 was Oaktree Capital Management, an estimated $5.16M sold.

Based on aggregated 13F filings for Q2 2020.