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Invesco Value Municipal Income Trust
IIM

97 hedge funds and large institutions have $137M invested in Invesco Value Municipal Income Trust in 2024 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 34 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 20

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

10% more capital invested

Capital invested by funds: $124M → $137M (+$12.2M)

2% more funds holding

Funds holding: 95 → 97 (+2)

1.73% more ownership

Funds ownership: 22.53% → 24.26% (+1.7%)

Holders
97
Holders Change
+2
Holders Change %
+2.11%
% of All Funds
1.4%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
13
Increased
34
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$4.11M
2
LSC
Logan Stone Capital
Illinois
+$2.49M
3
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.91M
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$1.78M
5
FPCP
Fort Point Capital Partners
California
+$1.46M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.83M
2
GC
Guggenheim Capital
Illinois
-$849K
3
LCM
Landscape Capital Management
New Jersey
-$471K
4
Rockefeller Capital Management
Rockefeller Capital Management
New York
-$403K
5
HKAM
Horizon Kinetics Asset Management
New York
-$384K
Name Holding Trade Value Shares
Change 		Change in
Stake
RC
26
Rareview Capital
Nevada
$1.24M +$1.21M +103,279 New
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$1.24M +$10.7K +907 +0.9%
WCMNY
28
Westchester Capital Management (New York)
New York
$1.02M +$190K +16,200 +24%
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$947K +$269K +22,848 +41%
CIA
30
Capital Investment Advisors
Georgia
$899K -$48.6K -4,130 -5%
NMC
31
Nine Masts Capital
Hong Kong
$884K +$866K +73,630 New
WAM
32
Wolverine Asset Management
Illinois
$811K +$375K +31,936 +90%
RIL
33
Rothschild Investment LLC
Illinois
$791K – – –
Cohen & Steers
34
Cohen & Steers
New York
$780K +$176K +15,000 +30%
PAG
35
Private Advisor Group
New Jersey
$774K -$33.8K -2,874 -4%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$718K +$50.6K +4,308 +8%
KAS
37
Kestra Advisory Services
Texas
$687K +$183K +15,588 +37%
Stifel Financial
38
Stifel Financial
Missouri
$676K +$43.3K +3,682 +7%
WQ
39
Wealth Quarterback
New Jersey
$635K +$4.91K +418 +0.8%
PWS
40
Private Wealth Strategies
Ohio
$594K – – –
Ameriprise
41
Ameriprise
Minnesota
$543K +$13.4K +1,136 +3%
GVAG
42
Great Valley Advisor Group
Delaware
$523K – – –
TWP
43
Tyche Wealth Partners
Texas
$484K – – –
NA
44
NewEdge Advisors
Louisiana
$443K -$144K -12,225 -25%
DIP
45
Davis Investment Partners
North Carolina
$427K +$5.28K +449 +1%
SA
46
SFI Advisors
New Jersey
$415K +$407K +34,615 New
NFG
47
Nations Financial Group
Iowa
$405K – – –
TWM
48
TriaGen Wealth Management
California
$405K – – –
PNC Financial Services Group
49
PNC Financial Services Group
Pennsylvania
$379K +$11.8K +1,000 +3%
Mariner
50
Mariner
Kansas
$374K +$131K +11,119 +55%
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IIM Hedge Fund Activity: Q1 2024 in Review

97 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2024, worth a combined $137M — up 9.8% from $124M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new IIM positions and 10 closed out — a net gain of 3 holders — while 34 added to existing stakes and 20 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $4.11M. The largest seller was Morgan Stanley, cutting an estimated $5.83M.

  • 97 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2024, up from 95 in Q4 2023.
  • Funds reported $137M of Invesco Value Municipal Income Trust stock for Q1 2024, up 9.8% quarter-over-quarter.
  • 13 funds opened new Invesco Value Municipal Income Trust positions in Q1 2024 and 10 closed out, a net change of +3 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q1 2024 was Rivernorth Capital Management, an estimated $4.11M added.
  • The largest Invesco Value Municipal Income Trust seller in Q1 2024 was Morgan Stanley, an estimated $5.83M sold.

Based on aggregated 13F filings for Q1 2024.