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Invesco Value Municipal Income Trust
IIM

95 hedge funds and large institutions have $145M invested in Invesco Value Municipal Income Trust in 2020 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 32 increasing their positions, 19 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

68% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 19

5% more capital invested

Capital invested by funds: $138M → $145M (+$7.16M)

0% more funds holding

Funds holding: 95 → 95 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 13

0.27% less ownership

Funds ownership: 19.96% → 19.69% (-0.27%)

Holders
95
Holders Change
–
Holders Change %
0%
% of All Funds
1.68%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
13
Increased
32
Reduced
19
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$1.87M
2
RCM
Rivernorth Capital Management
Florida
+$1.18M
3
UBS Group
UBS Group
Switzerland
+$1.05M
4
PPA
Parametric Portfolio Associates
Washington
+$691K
5
Invesco
Invesco
Georgia
+$591K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$7.36M
2
AA
AQR Arbitrage
Connecticut
-$758K
3
Goldman Sachs
Goldman Sachs
New York
-$591K
4
AAS
Avantax Advisory Services
Texas
-$513K
5
Truist Financial
Truist Financial
North Carolina
-$385K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
26
Northwestern Mutual Wealth Management
Wisconsin
$993K +$341K +22,488 +55%
Ameriprise
27
Ameriprise
Minnesota
$981K +$15.3K +1,013 +2%
KA
28
Kovack Advisors
Florida
$900K -$53K -3,500 -6%
RJFSA
29
Raymond James Financial Services Advisors
Florida
$893K -$110K -7,293 -11%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$883K +$17.4K +1,146 +2%
CAN
31
Cetera Advisor Networks
California
$804K +$542K +35,787 +229%
6M
32
6 Meridian
Kansas
$762K +$8.96K +592 +1%
Stifel Financial
33
Stifel Financial
Missouri
$757K +$254K +16,760 +53%
PWS
34
Private Wealth Strategies
Ohio
$688K +$8.06K +532 +1%
GVAG
35
Great Valley Advisor Group
Delaware
$682K – – –
KAS
36
Kestra Advisory Services
Texas
$576K +$295K +19,494 +111%
HKAM
37
Horizon Kinetics Asset Management
New York
$566K – – –
WWMSC
38
Wagner Wealth Management (South Carolina)
South Carolina
$548K +$530K +34,989 New
FFA
39
First Foundation Advisors
California
$526K -$7.57K -500 -1%
DWM
40
Dakota Wealth Management
Florida
$512K -$39.4K -2,600 -7%
CNBTD
41
Citizens National Bank Trust Department
Mississippi
$448K -$15.1K -1,000 -3%
LWP
42
Legacy Wealth Planning
Nevada
$418K – – –
AAS
43
Avantax Advisory Services
Texas
$400K -$513K -33,902 -57%
Cambridge Investment Research Advisors
44
Cambridge Investment Research Advisors
Iowa
$349K +$4.56K +301 +1%
Mercer Global Advisors
45
Mercer Global Advisors
Colorado
$340K – – –
WS
46
Wedbush Securities
California
$337K – – –
WMG
47
WESCAP Management Group
California
$332K – – –
BS
48
Boenning & Scattergood
Pennsylvania
$326K – – –
MAFM
49
Mid Atlantic Financial Management
Pennsylvania
$289K +$280K +18,493 New
HighTower Advisors
50
HighTower Advisors
Illinois
$277K +$71.2K +4,700 +36%
1
2
3 4 5

IIM Hedge Fund Activity: Q4 2020 in Review

95 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2020, worth a combined $145M — up 5.2% from $138M a quarter earlier.

Fund positioning in IIM was balanced in Q4 2020: 13 funds opened new positions, 13 closed out, 32 added to existing stakes and 19 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $1.87M. The largest seller was Karpus Investment Management, cutting an estimated $7.36M.

  • 95 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2020, unchanged from Q3 2020.
  • Funds reported $145M of Invesco Value Municipal Income Trust stock for Q4 2020, up 5.2% quarter-over-quarter.
  • 13 funds opened new Invesco Value Municipal Income Trust positions in Q4 2020 and 13 closed out, a net change of 0 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q4 2020 was Sit Investment Associates, an estimated $1.87M added.
  • The largest Invesco Value Municipal Income Trust seller in Q4 2020 was Karpus Investment Management, an estimated $7.36M sold.

Based on aggregated 13F filings for Q4 2020.