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Invesco Value Municipal Income Trust
IIM

86 hedge funds and large institutions have $121M invested in Invesco Value Municipal Income Trust in 2021 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 18 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 18

1% less funds holding

Funds holding: 87 → 86 (-1)

3.06% less ownership

Funds ownership: 18.68% → 15.63% (-3.1%)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

12% less capital invested

Capital invested by funds: $138M → $121M (-$16.7M)

Holders
86
Holders Change
-1
Holders Change %
-1.15%
% of All Funds
1.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
33
Reduced
18
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HWAM
Hennion & Walsh Asset Management
New Jersey
+$3.23M
2
Bank of America
Bank of America
North Carolina
+$2.21M
3
GC
Guggenheim Capital
Illinois
+$1.23M
4
Wells Fargo
Wells Fargo
California
+$788K
5
Morgan Stanley
Morgan Stanley
New York
+$736K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$16.7M
2
RCM
Rivernorth Capital Management
Florida
-$10.9M
3
VCM
Vivaldi Capital Management
Illinois
-$3.21M
4
PPA
Parametric Portfolio Associates
Washington
-$2.17M
5
RCM
Robinson Capital Management
Michigan
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
FM
26
Family Management
New York
$856K – – –
CAN
27
Cetera Advisor Networks
California
$848K +$161 +10 +0%
PWS
28
Private Wealth Strategies
Ohio
$743K +$8.52K +529 +1%
GVAG
29
Great Valley Advisor Group
Delaware
$719K – – –
6M
30
6 Meridian
Kansas
$715K -$91K -5,652 -12%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$699K -$157K -9,776 -19%
HKAM
32
Horizon Kinetics Asset Management
New York
$596K – – –
WWMSC
33
Wagner Wealth Management (South Carolina)
South Carolina
$584K +$3.58K +222 +0.6%
Cohen & Steers
34
Cohen & Steers
New York
$566K +$360K +22,346 +186%
CNBTD
35
Citizens National Bank Trust Department
Mississippi
$489K +$16.1K +1,000 +3%
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$442K -$228K -14,160 -35%
LWP
37
Legacy Wealth Planning
Nevada
$441K – – –
FFA
38
First Foundation Advisors
California
$400K -$114K -7,103 -23%
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$392K +$383K +23,778 New
AF
40
Advisornet Financial
Minnesota
$388K +$24.2K +1,500 +7%
Mercer Global Advisors
41
Mercer Global Advisors
Colorado
$348K -$5.83K -362 -2%
BS
42
Boenning & Scattergood
Pennsylvania
$344K – – –
BI
43
Bramshill Investments
Florida
$337K +$165K +10,236 +101%
WS
44
Wedbush Securities
California
$334K – – –
Koshinski Asset Management
45
Koshinski Asset Management
Illinois
$332K +$49.6K +3,083 +18%
MAFM
46
Mid Atlantic Financial Management
Pennsylvania
$323K +$17.7K +1,100 +6%
CIA
47
Choate Investment Advisors
Massachusetts
$264K – – –
KAS
48
Kestra Advisory Services
Texas
$263K +$257K +15,966 New
WMG
49
WESCAP Management Group
California
$259K -$87.8K -5,450 -26%
Rockefeller Capital Management
50
Rockefeller Capital Management
New York
$256K +$41.3K +2,567 +20%
1
2
3 4

IIM Hedge Fund Activity: Q2 2021 in Review

86 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2021, worth a combined $121M — down 12% from $138M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of IIM and 8 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 33 added.

The largest buyer was Hennion & Walsh Asset Management, adding an estimated $3.23M. The largest seller was Karpus Investment Management, cutting an estimated $16.7M.

  • 86 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2021, down from 87 in Q1 2021.
  • Funds reported $121M of Invesco Value Municipal Income Trust stock for Q2 2021, down 12% quarter-over-quarter.
  • 8 funds opened new Invesco Value Municipal Income Trust positions in Q2 2021 and 9 closed out, a net change of -1 holder.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2021 was Hennion & Walsh Asset Management, an estimated $3.23M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2021 was Karpus Investment Management, an estimated $16.7M sold.

Based on aggregated 13F filings for Q2 2021.