We are live on ! Find out more
IIM icon

Invesco Value Municipal Income Trust
IIM

95 hedge funds and large institutions have $124M invested in Invesco Value Municipal Income Trust in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 31 increasing their positions, 18 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

72% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 18

44% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 16

33% more capital invested

Capital invested by funds: $93.5M → $124M (+$30.8M)

7% more funds holding

Funds holding: 89 → 95 (+6)

3.44% more ownership

Funds ownership: 19.09% → 22.53% (+3.4%)

Holders
95
Holders Change
+6
Holders Change %
+6.74%
% of All Funds
1.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
31
Reduced
18
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$5.22M
2
Morgan Stanley
Morgan Stanley
New York
+$4.92M
3
LSC
Logan Stone Capital
Illinois
+$3.85M
4
RCM
Robinson Capital Management
Michigan
+$3.63M
5
UBS Group
UBS Group
Switzerland
+$2.52M

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$7.87M
2
LPL Financial
LPL Financial
California
-$753K
3
SIA
Sit Investment Associates
Minnesota
-$717K
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$626K
5
Osaic Holdings
Osaic Holdings
Arizona
-$509K
Name Holding Trade Value Shares
Change 		Change in
Stake
WCMNY
26
Westchester Capital Management (New York)
New York
$807K +$753K +68,766 New
PAG
27
Private Advisor Group
New Jersey
$790K -$95K -8,682 -11%
RIL
28
Rothschild Investment LLC
Illinois
$773K +$722K +65,925 New
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$658K -$23.9K -2,182 -4%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$651K +$58.6K +5,350 +11%
Stifel Financial
31
Stifel Financial
Missouri
$618K +$12.2K +1,112 +2%
WQ
32
Wealth Quarterback
New Jersey
$616K +$29.1K +2,661 +5%
Cohen & Steers
33
Cohen & Steers
New York
$587K +$547K +50,000 New
PWS
34
Private Wealth Strategies
Ohio
$581K – – –
NA
35
NewEdge Advisors
Louisiana
$569K +$87.4K +7,987 +19%
FPCP
36
Fort Point Capital Partners
California
$556K +$519K +47,403 New
Ameriprise
37
Ameriprise
Minnesota
$518K +$72.6K +6,630 +18%
GVAG
38
Great Valley Advisor Group
Delaware
$511K – – –
KAS
39
Kestra Advisory Services
Texas
$489K +$68.7K +6,273 +18%
TWP
40
Tyche Wealth Partners
Texas
$473K +$441K +40,325 New
DIP
41
Davis Investment Partners
North Carolina
$431K +$401K +36,664 New
WAM
42
Wolverine Asset Management
Illinois
$418K +$373K +34,095 +2,253%
NFG
43
Nations Financial Group
Iowa
$396K +$8.21K +750 +2%
TWM
44
TriaGen Wealth Management
California
$396K – – –
HKAM
45
Horizon Kinetics Asset Management
New York
$384K – – –
CNBTD
46
Citizens National Bank Trust Department
Mississippi
$371K -$82.1K -7,500 -19%
PNC Financial Services Group
47
PNC Financial Services Group
Pennsylvania
$359K – – –
WAM
48
Weiss Asset Management
Massachusetts
$348K +$325K +29,674 New
GP
49
Gridiron Partners
Pennsylvania
$337K +$315K +28,741 New
Goldman Sachs
50
Goldman Sachs
New York
$277K +$259K +23,613 New
1
2
3 4 5

IIM Hedge Fund Activity: Q4 2023 in Review

95 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2023, worth a combined $124M — up 33% from $93.5M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new IIM positions and 16 closed out — a net gain of 7 holders — while 31 added to existing stakes and 18 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $5.22M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $7.87M sold.

  • 95 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2023, up from 89 in Q3 2023.
  • Funds reported $124M of Invesco Value Municipal Income Trust stock for Q4 2023, up 33% quarter-over-quarter.
  • 23 funds opened new Invesco Value Municipal Income Trust positions in Q4 2023 and 16 closed out, a net change of +7 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q4 2023 was Rivernorth Capital Management, an estimated $5.22M added.
  • The largest Invesco Value Municipal Income Trust seller in Q4 2023 was Fiera Capital (Canada), an estimated $7.87M sold.

Based on aggregated 13F filings for Q4 2023.