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Invesco Value Municipal Income Trust
IIM

85 hedge funds and large institutions have $105M invested in Invesco Value Municipal Income Trust in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 33 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 21

1.06% more ownership

Funds ownership: 17.77% → 18.83% (+1.1%)

4% more capital invested

Capital invested by funds: $101M → $105M (+$4.2M)

1% less funds holding

Funds holding: 86 → 85 (-1)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

Holders
85
Holders Change
-1
Holders Change %
-1.16%
% of All Funds
1.33%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
33
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.27M
2
GC
Guggenheim Capital
Illinois
+$945K
3
AA
AQR Arbitrage
Connecticut
+$677K
4
RCM
Robinson Capital Management
Michigan
+$494K
5
TWM
TriaGen Wealth Management
California
+$398K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$499K
2
Walleye Capital
Walleye Capital
New York
-$210K
3
First Trust Advisors
First Trust Advisors
Illinois
-$140K
4
KAS
Kestra Advisory Services
Texas
-$134K
5
UBS Group
UBS Group
Switzerland
-$110K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
26
Private Advisor Group
New Jersey
$886K +$34.4K +2,917 +4%
Stifel Financial
27
Stifel Financial
Missouri
$688K +$33.5K +2,835 +5%
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$664K +$65.9K +5,579 +11%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$647K +$74.5K +6,313 +13%
Bank of Montreal
30
Bank of Montreal
Ontario, Canada
$621K +$35.3K +2,990 +7%
NA
31
NewEdge Advisors
Louisiana
$598K -$4.62K -391 -0.8%
PWS
32
Private Wealth Strategies
Ohio
$585K +$5.5K +466 +0.9%
CNBTD
33
Citizens National Bank Trust Department
Mississippi
$580K -$23.6K -2,000 -4%
WQ
34
Wealth Quarterback
New Jersey
$580K -$19.6K -1,659 -3%
Ameriprise
35
Ameriprise
Minnesota
$538K +$89.6K +7,586 +20%
KAS
36
Kestra Advisory Services
Texas
$524K -$134K -11,380 -20%
GVAG
37
Great Valley Advisor Group
Delaware
$515K – – –
DFG
38
Delphi Financial Group
Delaware
$461K – – –
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$431K – – –
RJFSA
40
Raymond James Financial Services Advisors
Florida
$409K -$1.65K -140 -0.4%
TWM
41
TriaGen Wealth Management
California
$399K +$398K +33,734 New
HKAM
42
Horizon Kinetics Asset Management
New York
$387K – – –
LCM
43
Landscape Capital Management
New Jersey
$340K -$16.5K -1,394 -5%
FM
44
Family Management
New York
$320K -$97.3K -8,242 -23%
NFG
45
Nations Financial Group
Iowa
$284K – – –
Goldman Sachs
46
Goldman Sachs
New York
$279K +$279K +23,613 New
HCM
47
Hollencrest Capital Management
California
$279K -$17.7K -1,500 -6%
WWMSC
48
Wagner Wealth Management (South Carolina)
South Carolina
$271K +$2.82K +239 +1%
BPA
49
Beacon Pointe Advisors
California
$253K +$73.5K +6,222 +41%
Mariner
50
Mariner
Kansas
$237K +$237K +20,045 New
1
2
3 4

IIM Hedge Fund Activity: Q2 2023 in Review

85 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2023, worth a combined $105M — up 4.2% from $101M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of IIM and 7 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 33 added.

The largest buyer was Fiera Capital (Canada), adding an estimated $1.27M. The largest seller was Sit Investment Associates, cutting an estimated $499K.

  • 85 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2023, down from 86 in Q1 2023.
  • Funds reported $105M of Invesco Value Municipal Income Trust stock for Q2 2023, up 4.2% quarter-over-quarter.
  • 7 funds opened new Invesco Value Municipal Income Trust positions in Q2 2023 and 8 closed out, a net change of -1 holder.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2023 was Fiera Capital (Canada), an estimated $1.27M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2023 was Sit Investment Associates, an estimated $499K sold.

Based on aggregated 13F filings for Q2 2023.