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Invesco Value Municipal Income Trust
IIM

88 hedge funds and large institutions have $110M invested in Invesco Value Municipal Income Trust in 2021 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

23% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 22

2% more funds holding

Funds holding: 86 → 88 (+2)

1.33% less ownership

Funds ownership: 15.63% → 14.3% (-1.3%)

10% less capital invested

Capital invested by funds: $121M → $110M (-$11.5M)

Holders
88
Holders Change
+2
Holders Change %
+2.33%
% of All Funds
1.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
27
Reduced
22
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HWAM
Hennion & Walsh Asset Management
New Jersey
+$5.78M
2
Citadel Advisors
Citadel Advisors
Florida
+$5.23M
3
GC
Guggenheim Capital
Illinois
+$1.54M
4
First Trust Advisors
First Trust Advisors
Illinois
+$574K
5
LPL Financial
LPL Financial
California
+$502K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$12.2M
2
PPA
Parametric Portfolio Associates
Washington
-$7.62M
3
KIM
Karpus Investment Management
New York
-$2.44M
4
6M
6 Meridian
Kansas
-$715K
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$594K
Name Holding Trade Value Shares
Change 		Change in
Stake
PWS
26
Private Wealth Strategies
Ohio
$743K +$8.72K +517 +1%
GVAG
27
Great Valley Advisor Group
Delaware
$711K – – –
RCM
28
Rivernorth Capital Management
Florida
$668K -$12.2M -720,984 -95%
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$639K -$53.3K -3,159 -7%
HKAM
30
Horizon Kinetics Asset Management
New York
$590K – – –
WWMSC
31
Wagner Wealth Management (South Carolina)
South Carolina
$579K +$4.83K +286 +0.8%
First Trust Advisors
32
First Trust Advisors
Illinois
$555K +$574K +34,036 New
Northwestern Mutual Wealth Management
33
Northwestern Mutual Wealth Management
Wisconsin
$543K -$594K -35,184 -51%
CNBTD
34
Citizens National Bank Trust Department
Mississippi
$491K +$8.44K +500 +2%
KAS
35
Kestra Advisory Services
Texas
$461K +$208K +12,308 +77%
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$438K – – –
LWP
37
Legacy Wealth Planning
Nevada
$436K – – –
AF
38
Advisornet Financial
Minnesota
$388K +$5.06K +300 +1%
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$375K -$12.8K -761 -3%
Cohen & Steers
40
Cohen & Steers
New York
$348K -$219K -13,000 -38%
MAFM
41
Mid Atlantic Financial Management
Pennsylvania
$341K +$21.9K +1,300 +7%
BS
42
Boenning & Scattergood
Pennsylvania
$340K – – –
WS
43
Wedbush Securities
California
$330K – – –
Koshinski Asset Management
44
Koshinski Asset Management
Illinois
$330K +$1.47K +87 +0.4%
FFA
45
First Foundation Advisors
California
$295K -$104K -6,162 -25%
IWC
46
Integrated Wealth Concepts
Massachusetts
$272K +$282K +16,700 New
VF
47
Virtu Financial
New York
$271K +$280K +16,616 New
PWPS
48
Pinnacle Wealth Planning Services
Ohio
$269K +$278K +16,500 New
CIA
49
Choate Investment Advisors
Massachusetts
$261K – – –
WMG
50
WESCAP Management Group
California
$257K – – –
1
2
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IIM Hedge Fund Activity: Q3 2021 in Review

88 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2021, worth a combined $110M — down 9.5% from $121M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new IIM positions and 7 closed out — a net gain of 3 holders — while 27 added to existing stakes and 22 trimmed.

The largest buyer was Hennion & Walsh Asset Management, adding an estimated $5.78M. The largest seller was Rivernorth Capital Management, cutting an estimated $12.2M.

  • 88 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2021, up from 86 in Q2 2021.
  • Funds reported $110M of Invesco Value Municipal Income Trust stock for Q3 2021, down 9.5% quarter-over-quarter.
  • 10 funds opened new Invesco Value Municipal Income Trust positions in Q3 2021 and 7 closed out, a net change of +3 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q3 2021 was Hennion & Walsh Asset Management, an estimated $5.78M added.
  • The largest Invesco Value Municipal Income Trust seller in Q3 2021 was Rivernorth Capital Management, an estimated $12.2M sold.

Based on aggregated 13F filings for Q3 2021.