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Invesco Value Municipal Income Trust
IIM

77 hedge funds and large institutions have $65.9M invested in Invesco Value Municipal Income Trust in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 20 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 20

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

20% more capital invested

Capital invested by funds: $54.8M → $65.9M (+$11.1M)

1.65% more ownership

Funds ownership: 7.98% → 9.63% (+1.7%)

1% more funds holding

Funds holding: 76 → 77 (+1)

Holders
77
Holders Change
+1
Holders Change %
+1.32%
% of All Funds
1.92%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
9
Increased
28
Reduced
20
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
+$4.02M
2
RCM
Robinson Capital Management
Michigan
+$3.84M
3
AGM
Alpine Global Management
New York
+$909K
4
SPIA
Steward Partners Investment Advisory
New York
+$900K
5
Morgan Stanley
Morgan Stanley
New York
+$737K

Top Sellers

Rank Fund Capital Flow
1
VKH
Virtu KCG Holdings
New York
-$874K
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$775K
3
Wells Fargo
Wells Fargo
California
-$545K
4
Squarepoint
Squarepoint
New York
-$421K
5
LCM
Landscape Capital Management
New Jersey
-$320K
Name Holding Trade Value Shares
Change 		Change in
Stake
US Bancorp
51
US Bancorp
Minnesota
$230K – – –
IA
52
IFP Advisors
Florida
$218K -$4.49K -306 -2%
CCM
53
Catawba Capital Management
Virginia
$211K – – –
MIM
54
Macroview Investment Management
Maryland
$198K -$111K -7,560 -36%
EWM
55
Edge Wealth Management
New York
$178K -$33K -2,250 -16%
HCM
56
Hollencrest Capital Management
California
$168K – – –
SSB
57
Sandy Spring Bank
Maryland
$157K – – –
AG
58
Advisor Group
Arizona
$156K +$28.6K +1,950 +22%
LYV
59
Live Your Vision
Pennsylvania
$146K – – –
CAG
60
Crestwood Advisors Group
Massachusetts
$136K +$134K +9,100 New
EWM
61
Endurance Wealth Management
Rhode Island
$109K – – –
ASN
62
Advisory Services Network
Georgia
$68K +$68.4K +4,662 New
GWM
63
Geneos Wealth Management
Colorado
$42K -$11.7K -800 -21%
HCM
64
Highlander Capital Management
New Jersey
$41K – – –
WT
65
Whittier Trust
California
$38K +$484 +33 +1%
PFO
66
Pathstone Family Office
New Jersey
$35K +$35.2K +2,396 New
Bank of Montreal
67
Bank of Montreal
Ontario, Canada
$17K – – –
RFA
68
Reilly Financial Advisors
California
$16K +$1.47K +100 +10%
Thrivent Financial for Lutherans
69
Thrivent Financial for Lutherans
Minnesota
$15K – – –
DADC
70
D.A. Davidson & Co
Montana
$14K – – –
Citigroup
71
Citigroup
New York
$9K -$4.4K -300 -33%
LWM
72
LBA Wealth Management
Florida
$8K – – –
WB
73
Webster Bank
Connecticut
$7K – – –
AIM
74
Anchor Investment Management
South Carolina
$6.16K – – –
CFA
75
Carroll Financial Associates
North Carolina
$5K – – –
1 2
3
4

IIM Hedge Fund Activity: Q1 2017 in Review

77 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2017, worth a combined $65.9M — up 20% from $54.8M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new IIM positions and 7 closed out — a net gain of 2 holders — while 28 added to existing stakes and 20 trimmed.

The largest buyer was Curi RMB Capital, adding an estimated $4.02M. The largest seller was Virtu KCG Holdings, exiting entirely with an estimated $874K sold.

  • 77 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2017, up from 76 in Q4 2016.
  • Funds reported $65.9M of Invesco Value Municipal Income Trust stock for Q1 2017, up 20% quarter-over-quarter.
  • 9 funds opened new Invesco Value Municipal Income Trust positions in Q1 2017 and 7 closed out, a net change of +2 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q1 2017 was Curi RMB Capital, an estimated $4.02M added.
  • The largest Invesco Value Municipal Income Trust seller in Q1 2017 was Virtu KCG Holdings, an estimated $874K sold.

Based on aggregated 13F filings for Q1 2017.