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Invesco Value Municipal Income Trust
IIM

60 hedge funds and large institutions have $45.1M invested in Invesco Value Municipal Income Trust in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 21 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 15

1% more capital invested

Capital invested by funds: $44.8M → $45.1M (+$278K)

0.24% more ownership

Funds ownership: 5.32% → 5.55% (+0.24%)

2% less funds holding

Funds holding: 61 → 60 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
60
Holders Change
-1
Holders Change %
-1.64%
% of All Funds
1.72%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
21
Reduced
15
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.38M
2
VKH
Virtu KCG Holdings
New York
+$1.07M
3
TC
TFS Capital
Pennsylvania
+$603K
4
Morgan Stanley
Morgan Stanley
New York
+$369K
5
MIM
Macroview Investment Management
Maryland
+$271K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$625K
2
AAM
Advisors Asset Management
Colorado
-$505K
3
PPA
Parametric Portfolio Associates
Washington
-$479K
4
GCM
Gruss Capital Management
New York
-$452K
5
BTS
BB&T Securities
Virginia
-$359K
Name Holding Trade Value Shares
Change 		Change in
Stake
HCM
51
Highlander Capital Management
New Jersey
$42.6K – – –
M&T Bank
52
M&T Bank
New York
$42K – – –
Bank of Montreal
53
Bank of Montreal
Ontario, Canada
$37K – – –
First Manhattan
54
First Manhattan
New York
$35K – – –
WA
55
WFG Advisors
Texas
$35K – – –
SGC
56
South Georgia Capital
Illinois
$32K +$32K +2,133 New
FNBT
57
FineMark National Bank & Trust
Florida
$30K – – –
BRWM
58
B. Riley Wealth Management
Tennessee
$22K – – –
WEC
59
Winslow Evans & Crocker
Massachusetts
$7.09K – – –
TRCT
60
Tower Research Capital (TRC)
New York
$1K +$1.46K +97 New
GC
61
Guggenheim Capital
Illinois
– -$625K -43,408 Closed
RCAG
62
Rehmann Capital Advisory Group
Michigan
– -$186K -12,885 Closed
WAM
63
Wolverine Asset Management
Illinois
– -$87K -6,051 Closed
SMA
64
Simply Money Advisors
Ohio
– -$32K -2,189 Closed
WTC
65
WhitTier Trust Company
Nevada
– -$25K -1,768 Closed
BBHC
66
Brown Brothers Harriman & Co
New York
– -$9K -650 Closed
1 2
3

IIM Hedge Fund Activity: Q2 2014 in Review

60 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2014, worth a combined $45.1M — up 0.62% from $44.8M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of IIM and 5 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 21 added.

The largest buyer was Bank of America, adding an estimated $1.38M. The largest seller was Guggenheim Capital, exiting entirely with an estimated $625K sold.

  • 60 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2014, down from 61 in Q1 2014.
  • Funds reported $45.1M of Invesco Value Municipal Income Trust stock for Q2 2014, up 0.62% quarter-over-quarter.
  • 5 funds opened new Invesco Value Municipal Income Trust positions in Q2 2014 and 6 closed out, a net change of -1 holder.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2014 was Bank of America, an estimated $1.38M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2014 was Guggenheim Capital, an estimated $625K sold.

Based on aggregated 13F filings for Q2 2014.