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Invesco Value Municipal Income Trust
IIM

89 hedge funds and large institutions have $93.5M invested in Invesco Value Municipal Income Trust in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 29 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

5% more funds holding

Funds holding: 85 → 89 (+4)

0.26% more ownership

Funds ownership: 18.83% → 19.09% (+0.26%)

7% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 29

11% less capital invested

Capital invested by funds: $105M → $93.5M (-$11.3M)

Holders
89
Holders Change
+4
Holders Change %
+4.71%
% of All Funds
1.41%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
27
Reduced
29
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AA
AQR Arbitrage
Connecticut
+$1.68M
2
UBS Group
UBS Group
Switzerland
+$1.56M
3
Bank of America
Bank of America
North Carolina
+$1.49M
4
GC
Guggenheim Capital
Illinois
+$707K
5
Wells Fargo
Wells Fargo
California
+$562K

Top Sellers

Rank Fund Capital Flow
1
HWAM
Hennion & Walsh Asset Management
New Jersey
-$1.37M
2
SIA
Sit Investment Associates
Minnesota
-$971K
3
LSC
Logan Stone Capital
Illinois
-$862K
4
BlackRock
BlackRock
New York
-$840K
5
DFG
Delphi Financial Group
Delaware
-$461K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$606K +$24.5K +2,132 +4%
Stifel Financial
27
Stifel Financial
Missouri
$536K -$76.9K -6,683 -11%
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$522K -$52.8K -4,585 -8%
WQ
29
Wealth Quarterback
New Jersey
$518K +$8.5K +738 +2%
PWS
30
Private Wealth Strategies
Ohio
$515K – – –
GVAG
31
Great Valley Advisor Group
Delaware
$453K – – –
NA
32
NewEdge Advisors
Louisiana
$428K -$109K -9,471 -19%
LSC
33
Logan Stone Capital
Illinois
$412K -$862K -74,842 -65%
CNBTD
34
Citizens National Bank Trust Department
Mississippi
$407K -$115K -10,000 -20%
Ameriprise
35
Ameriprise
Minnesota
$390K -$92K -7,996 -18%
KAS
36
Kestra Advisory Services
Texas
$368K -$103K -8,979 -20%
TWM
37
TriaGen Wealth Management
California
$351K – – –
NFG
38
Nations Financial Group
Iowa
$344K +$104K +9,000 +37%
HKAM
39
Horizon Kinetics Asset Management
New York
$340K – – –
LCM
40
Landscape Capital Management
New Jersey
$320K +$23.2K +2,017 +7%
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$318K -$67K -5,821 -16%
FM
42
Family Management
New York
$282K – – –
BPA
43
Beacon Pointe Advisors
California
$246K +$25.8K +2,242 +10%
Truist Financial
44
Truist Financial
North Carolina
$223K +$247K +21,422 New
WWMSC
45
Wagner Wealth Management (South Carolina)
South Carolina
$216K -$24.7K -2,147 -9%
FAG
46
Fortitude Advisory Group
Washington
$213K +$12.5K +1,083 +6%
Mariner
47
Mariner
Kansas
$208K – – –
HCM
48
Hollencrest Capital Management
California
$196K -$54.1K -4,700 -20%
RJFSA
49
Raymond James Financial Services Advisors
Florida
$195K -$182K -15,814 -46%
WS
50
Wedbush Securities
California
$184K – – –
1
2
3 4

IIM Hedge Fund Activity: Q3 2023 in Review

89 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2023, worth a combined $93.5M — down 11% from $105M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new IIM positions and 5 closed out — a net gain of 5 holders — while 27 added to existing stakes and 29 trimmed.

The largest buyer was AQR Arbitrage, adding an estimated $1.68M. The largest seller was Hennion & Walsh Asset Management, cutting an estimated $1.37M.

  • 89 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2023, up from 85 in Q2 2023.
  • Funds reported $93.5M of Invesco Value Municipal Income Trust stock for Q3 2023, down 11% quarter-over-quarter.
  • 10 funds opened new Invesco Value Municipal Income Trust positions in Q3 2023 and 5 closed out, a net change of +5 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q3 2023 was AQR Arbitrage, an estimated $1.68M added.
  • The largest Invesco Value Municipal Income Trust seller in Q3 2023 was Hennion & Walsh Asset Management, an estimated $1.37M sold.

Based on aggregated 13F filings for Q3 2023.