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Invesco Value Municipal Income Trust
IIM

98 hedge funds and large institutions have $102M invested in Invesco Value Municipal Income Trust in 2022 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 13

48% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 21

24% more capital invested

Capital invested by funds: $82.4M → $102M (+$19.7M)

8% more funds holding

Funds holding: 91 → 98 (+7)

2.94% more ownership

Funds ownership: 15.2% → 18.14% (+2.9%)

Holders
98
Holders Change
+7
Holders Change %
+7.69%
% of All Funds
1.58%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
31
Reduced
21
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$7.66M
2
Morgan Stanley
Morgan Stanley
New York
+$2.65M
3
GC
Guggenheim Capital
Illinois
+$1.73M
4
LSC
Logan Stone Capital
Illinois
+$1.57M
5
RCM
Rivernorth Capital Management
Florida
+$1.57M

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$3.05M
2
HWAM
Hennion & Walsh Asset Management
New Jersey
-$1.85M
3
Wells Fargo
Wells Fargo
California
-$743K
4
UBS Group
UBS Group
Switzerland
-$485K
5
CWM
Chemistry Wealth Management
New York
-$441K
Name Holding Trade Value Shares
Change 		Change in
Stake
WQ
26
Wealth Quarterback
New Jersey
$650K -$36.7K -3,138 -5%
AA
27
AQR Arbitrage
Connecticut
$638K +$619K +52,959 New
Invesco
28
Invesco
Georgia
$624K +$237K +20,261 +64%
Bank of Montreal
29
Bank of Montreal
Ontario, Canada
$601K +$536K +45,868 New
PWS
30
Private Wealth Strategies
Ohio
$585K +$7.02K +601 +1%
NA
31
NewEdge Advisors
Louisiana
$576K +$199K +17,018 +52%
Stifel Financial
32
Stifel Financial
Missouri
$571K +$70.9K +6,067 +15%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$555K +$79.7K +6,816 +17%
DFG
34
Delphi Financial Group
Delaware
$539K – – –
GVAG
35
Great Valley Advisor Group
Delaware
$525K – – –
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$439K +$21.6K +1,851 +5%
FM
37
Family Management
New York
$426K -$201K -17,200 -33%
RJFSA
38
Raymond James Financial Services Advisors
Florida
$417K -$3.05M -261,008 -88%
HKAM
39
Horizon Kinetics Asset Management
New York
$394K -$36.9K -3,160 -9%
LCM
40
Landscape Capital Management
New Jersey
$372K +$361K +30,870 New
Envestnet Asset Management
41
Envestnet Asset Management
Illinois
$343K +$62.4K +5,336 +23%
PCM
42
Prelude Capital Management
New York
$336K +$30.4K +2,600 +10%
OFG
43
OTA Financial Group
New York
$320K -$167K -14,330 -35%
HCM
44
Hollencrest Capital Management
California
$302K +$131K +11,205 +81%
BS
45
Boenning & Scattergood
Pennsylvania
$291K – – –
NFG
46
Nations Financial Group
Iowa
$290K – – –
Ameriprise
47
Ameriprise
Minnesota
$289K +$11.3K +971 +4%
Goldman Sachs
48
Goldman Sachs
New York
$285K -$29.2K -2,500 -10%
WWMSC
49
Wagner Wealth Management (South Carolina)
South Carolina
$269K +$3.16K +270 +1%
STA
50
Summit Trail Advisors
New York
$246K +$239K +20,412 New
1
2
3 4 5

IIM Hedge Fund Activity: Q4 2022 in Review

98 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2022, worth a combined $102M — up 24% from $82.4M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new IIM positions and 13 closed out — a net gain of 9 holders — while 31 added to existing stakes and 21 trimmed.

The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $7.66M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $3.05M.

  • 98 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2022, up from 91 in Q3 2022.
  • Funds reported $102M of Invesco Value Municipal Income Trust stock for Q4 2022, up 24% quarter-over-quarter.
  • 22 funds opened new Invesco Value Municipal Income Trust positions in Q4 2022 and 13 closed out, a net change of +9 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q4 2022 was Fiera Capital (Canada), an estimated $7.66M added.
  • The largest Invesco Value Municipal Income Trust seller in Q4 2022 was Raymond James Financial Services Advisors, an estimated $3.05M sold.

Based on aggregated 13F filings for Q4 2022.