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Invesco Value Municipal Income Trust
IIM

86 hedge funds and large institutions have $101M invested in Invesco Value Municipal Income Trust in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 24

0.37% less ownership

Funds ownership: 18.14% → 17.77% (-0.37%)

1% less capital invested

Capital invested by funds: $102M → $101M (-$1.48M)

12% less funds holding

Funds holding: 98 → 86 (-12)

50% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 20

Holders
86
Holders Change
-12
Holders Change %
-12.24%
% of All Funds
1.37%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
27
Reduced
24
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$2.2M
2
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$852K
3
UBS Group
UBS Group
Switzerland
+$743K
4
KAS
Kestra Advisory Services
Texas
+$683K
5
VanEck Associates
VanEck Associates
New York
+$587K

Top Sellers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
-$2.15M
2
Morgan Stanley
Morgan Stanley
New York
-$1.71M
3
Bank of America
Bank of America
North Carolina
-$965K
4
WAM
Weiss Asset Management
Massachusetts
-$722K
5
RCM
Robinson Capital Management
Michigan
-$674K
Name Holding Trade Value Shares
Change 		Change in
Stake
KAS
26
Kestra Advisory Services
Texas
$680K +$683K +55,741 New
Stifel Financial
27
Stifel Financial
Missouri
$676K +$98.7K +8,048 +17%
CNBTD
28
Citizens National Bank Trust Department
Mississippi
$623K -$67.4K -5,500 -10%
WQ
29
Wealth Quarterback
New Jersey
$619K -$39.2K -3,195 -6%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$617K +$55.6K +4,534 +10%
NA
31
NewEdge Advisors
Louisiana
$605K +$15.4K +1,254 +3%
PWS
32
Private Wealth Strategies
Ohio
$598K +$5.8K +473 +1%
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$591K -$88.9K -7,253 -13%
Bank of Montreal
34
Bank of Montreal
Ontario, Canada
$578K -$33.3K -2,720 -6%
GVAG
35
Great Valley Advisor Group
Delaware
$532K – – –
DFG
36
Delphi Financial Group
Delaware
$476K -$70.1K -5,716 -13%
Ameriprise
37
Ameriprise
Minnesota
$462K +$171K +13,923 +58%
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$444K – – –
FM
39
Family Management
New York
$431K – – –
RJFSA
40
Raymond James Financial Services Advisors
Florida
$424K +$1.02K +83 +0.2%
HKAM
41
Horizon Kinetics Asset Management
New York
$399K – – –
LCM
42
Landscape Capital Management
New Jersey
$368K -$8.56K -698 -2%
HCM
43
Hollencrest Capital Management
California
$306K – – –
NFG
44
Nations Financial Group
Iowa
$293K – – –
WWMSC
45
Wagner Wealth Management (South Carolina)
South Carolina
$277K +$5.14K +419 +2%
WS
46
Wedbush Securities
California
$235K -$12.3K -1,000 -5%
FAG
47
Fortitude Advisory Group
Washington
$223K – – –
IWC
48
Integrated Wealth Concepts
Massachusetts
$222K – – –
CAPTRUST Financial Advisors
49
CAPTRUST Financial Advisors
North Carolina
$221K +$184 +15 +0.1%
Walleye Capital
50
Walleye Capital
New York
$210K +$211K +17,196 New
1
2
3 4 5

IIM Hedge Fund Activity: Q1 2023 in Review

86 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2023, worth a combined $101M — down 1.5% from $102M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of IIM and 10 opened new positions — a net loss of 10 holders — while 24 trimmed existing stakes and 27 added.

The largest buyer was Guggenheim Capital, adding an estimated $2.2M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $2.15M sold.

  • 86 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2023, down from 98 in Q4 2022.
  • Funds reported $101M of Invesco Value Municipal Income Trust stock for Q1 2023, down 1.5% quarter-over-quarter.
  • 10 funds opened new Invesco Value Municipal Income Trust positions in Q1 2023 and 20 closed out, a net change of -10 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q1 2023 was Guggenheim Capital, an estimated $2.2M added.
  • The largest Invesco Value Municipal Income Trust seller in Q1 2023 was Penserra Capital Management, an estimated $2.15M sold.

Based on aggregated 13F filings for Q1 2023.