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Invesco Value Municipal Income Trust
IIM

87 hedge funds and large institutions have $138M invested in Invesco Value Municipal Income Trust in 2021 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 30 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 20

5% less capital invested

Capital invested by funds: $145M → $138M (-$7.09M)

1.01% less ownership

Funds ownership: 19.69% → 18.68% (-1%)

8% less funds holding

Funds holding: 95 → 87 (-8)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
87
Holders Change
-8
Holders Change %
-8.42%
% of All Funds
1.53%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
30
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$4.2M
2
SIA
Sit Investment Associates
Minnesota
+$2.32M
3
PPA
Parametric Portfolio Associates
Washington
+$1.18M
4
Wells Fargo
Wells Fargo
California
+$1.16M
5
Invesco
Invesco
Georgia
+$626K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$10.7M
2
RCM
Robinson Capital Management
Michigan
-$5.46M
3
MIG
Mariner Investment Group
New York
-$1.18M
4
GC
Guggenheim Capital
Illinois
-$736K
5
KAS
Kestra Advisory Services
Texas
-$576K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$817K -$66.6K -4,255 -8%
FM
27
Family Management
New York
$813K -$466K -29,798 -36%
CAN
28
Cetera Advisor Networks
California
$805K +$156 +10 +0%
Stifel Financial
29
Stifel Financial
Missouri
$804K +$45.8K +2,928 +6%
6M
30
6 Meridian
Kansas
$768K +$4.99K +319 +0.7%
PWS
31
Private Wealth Strategies
Ohio
$697K +$8.46K +541 +1%
GVAG
32
Great Valley Advisor Group
Delaware
$683K – – –
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$642K -$411K -26,240 -39%
HKAM
34
Horizon Kinetics Asset Management
New York
$567K – – –
WWMSC
35
Wagner Wealth Management (South Carolina)
South Carolina
$552K +$3.44K +220 +0.6%
FFA
36
First Foundation Advisors
California
$491K -$35.2K -2,249 -7%
CNBTD
37
Citizens National Bank Trust Department
Mississippi
$448K – – –
LWP
38
Legacy Wealth Planning
Nevada
$419K – – –
AF
39
Advisornet Financial
Minnesota
$345K +$211K +13,500 +159%
Mercer Global Advisors
40
Mercer Global Advisors
Colorado
$336K -$4.18K -267 -1%
WMG
41
WESCAP Management Group
California
$332K – – –
BS
42
Boenning & Scattergood
Pennsylvania
$327K – – –
FP
43
Financial Perspectives
Minnesota
$319K +$73.2K +4,680 +1,467%
WS
44
Wedbush Securities
California
$317K -$20.4K -1,302 -6%
MAFM
45
Mid Atlantic Financial Management
Pennsylvania
$290K – – –
PCA
46
Peddock Capital Advisors
Massachusetts
$284K +$283K +18,100 New
Koshinski Asset Management
47
Koshinski Asset Management
Illinois
$267K -$2.38K -152 -0.9%
Janney Montgomery Scott
48
Janney Montgomery Scott
Pennsylvania
$266K +$3.13K +200 +1%
CIA
49
Choate Investment Advisors
Massachusetts
$251K – – –
AA
50
Ancora Advisors
Ohio
$235K – – –
1
2
3 4

IIM Hedge Fund Activity: Q1 2021 in Review

87 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2021, worth a combined $138M — down 4.9% from $145M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of IIM and 6 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 30 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $4.2M. The largest seller was Karpus Investment Management, cutting an estimated $10.7M.

  • 87 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2021, down from 95 in Q4 2020.
  • Funds reported $138M of Invesco Value Municipal Income Trust stock for Q1 2021, down 4.9% quarter-over-quarter.
  • 6 funds opened new Invesco Value Municipal Income Trust positions in Q1 2021 and 10 closed out, a net change of -4 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q1 2021 was Rivernorth Capital Management, an estimated $4.2M added.
  • The largest Invesco Value Municipal Income Trust seller in Q1 2021 was Karpus Investment Management, an estimated $10.7M sold.

Based on aggregated 13F filings for Q1 2021.