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Invesco Value Municipal Income Trust
IIM

60 hedge funds and large institutions have $50.4M invested in Invesco Value Municipal Income Trust in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

12% more capital invested

Capital invested by funds: $45.1M → $50.4M (+$5.33M)

12% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 17

0.73% more ownership

Funds ownership: 5.55% → 6.28% (+0.73%)

0% more funds holding

Funds holding: 60 → 60 (0)

Holders
60
Holders Change
–
Holders Change %
0%
% of All Funds
1.74%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
19
Reduced
17
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$9.05M
2
CA
Cetera Advisors
Colorado
+$281K
3
LPL Financial
LPL Financial
California
+$181K
4
RJA
Raymond James & Associates
Florida
+$180K
5
Morgan Stanley
Morgan Stanley
New York
+$125K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$2.14M
2
VKH
Virtu KCG Holdings
New York
-$884K
3
TC
TFS Capital
Pennsylvania
-$602K
4
PPA
Parametric Portfolio Associates
Washington
-$321K
5
GCM
Gruss Capital Management
New York
-$283K
Name Holding Trade Value Shares
Change 		Change in
Stake
SGC
51
South Georgia Capital
Illinois
$33K +$475 +32 +2%
FNBT
52
FineMark National Bank & Trust
Florida
$30K – – –
JFA
53
JNBA Financial Advisors
Minnesota
$30K +$29.7K +2,000 New
Thrivent Financial for Lutherans
54
Thrivent Financial for Lutherans
Minnesota
$28K +$26.1K +1,757 New
VNB
55
Valley National Bancorp
New York
$25K +$24.9K +1,675 New
BRWM
56
B. Riley Wealth Management
Tennessee
$22K – – –
EWM
57
Edge Wealth Management
New York
$21K -$89.1K -6,000 -81%
WEC
58
Winslow Evans & Crocker
Massachusetts
$7.18K +$15 +1 +0.2%
JFGIW
59
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$3K +$2.48K +167 New
TC
60
TFS Capital
Pennsylvania
– -$602K -40,131 Closed
GCM
61
Gruss Capital Management
New York
– -$283K -18,863 Closed
M&T Bank
62
M&T Bank
New York
– -$42K -2,814 Closed
Bank of Montreal
63
Bank of Montreal
Ontario, Canada
– -$37K -2,500 Closed
TRCT
64
Tower Research Capital (TRC)
New York
– -$1K -97 Closed
Citigroup
65
Citigroup
New York
– +$297 +20 New
1 2
3

IIM Hedge Fund Activity: Q3 2014 in Review

60 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2014, worth a combined $50.4M — up 12% from $45.1M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new IIM positions and 5 closed out — a net gain of 1 holder — while 19 added to existing stakes and 17 trimmed.

The largest buyer was Cambridge Investment Research Advisors, adding an estimated $9.05M. The largest seller was Advisors Asset Management, cutting an estimated $2.14M.

  • 60 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2014, unchanged from Q2 2014.
  • Funds reported $50.4M of Invesco Value Municipal Income Trust stock for Q3 2014, up 12% quarter-over-quarter.
  • 6 funds opened new Invesco Value Municipal Income Trust positions in Q3 2014 and 5 closed out, a net change of +1 holder.
  • The largest Invesco Value Municipal Income Trust buyer in Q3 2014 was Cambridge Investment Research Advisors, an estimated $9.05M added.
  • The largest Invesco Value Municipal Income Trust seller in Q3 2014 was Advisors Asset Management, an estimated $2.14M sold.

Based on aggregated 13F filings for Q3 2014.