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Invesco Value Municipal Income Trust
IIM

92 hedge funds and large institutions have $127M invested in Invesco Value Municipal Income Trust in 2018 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 8

20% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 20

13% more capital invested

Capital invested by funds: $112M → $127M (+$15.1M)

11% more funds holding

Funds holding: 83 → 92 (+9)

2.72% more ownership

Funds ownership: 16.43% → 19.14% (+2.7%)

Holders
92
Holders Change
+9
Holders Change %
+10.84%
% of All Funds
2.11%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
24
Reduced
20
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$7.27M
2
RCM
Robinson Capital Management
Michigan
+$3.64M
3
Wells Fargo
Wells Fargo
California
+$2.34M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.54M
5
LCM
Landscape Capital Management
New Jersey
+$1.31M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$1.33M
2
GC
Guggenheim Capital
Illinois
-$606K
3
Baird Financial Group
Baird Financial Group
Wisconsin
-$446K
4
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
-$297K
5
FHA
Flagship Harbor Advisors
Massachusetts
-$294K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
51
Ancora Advisors
Ohio
$212K – – –
DAS
52
Dynamic Advisor Solutions
Arizona
$212K +$18.4K +1,295 +9%
Ameriprise
53
Ameriprise
Minnesota
$211K +$23.5K +1,651 +12%
AG
54
Advisor Group
Arizona
$200K +$35.3K +2,485 +21%
Janney Montgomery Scott
55
Janney Montgomery Scott
Pennsylvania
$194K +$195K +13,720 New
Millennium Management
56
Millennium Management
New York
$193K +$194K +13,675 New
LYV
57
Live Your Vision
Pennsylvania
$184K +$42.7K +3,000 +30%
HighTower Advisors
58
HighTower Advisors
Illinois
$171K +$18.5K +1,300 +12%
HCM
59
Hollencrest Capital Management
California
$162K – – –
LNWWM
60
Laird Norton Wetherby Wealth Management
California
$151K +$8.36K +588 +6%
Cambridge Investment Research Advisors
61
Cambridge Investment Research Advisors
Iowa
$147K -$7.28K -512 -5%
IA
62
IFP Advisors
Florida
$143K -$4.98K -350 -3%
CFSG
63
Community Financial Services Group
Vermont
$141K +$142K +10,000 New
EWM
64
Edge Wealth Management
New York
$135K -$28.4K -2,000 -17%
SSB
65
Sandy Spring Bank
Maryland
$132K – – –
EWM
66
Endurance Wealth Management
Rhode Island
$105K – – –
SWM
67
SeaCrest Wealth Management
New York
$70K -$12.6K -885 -15%
MIM
68
Macroview Investment Management
Maryland
$66K – – –
IAS
69
IMA Advisory Services
Colorado
$59K +$59.4K +4,180 New
OIA
70
OneDigital Investment Advisors
Kansas
$56K – – –
MFT
71
Moisand Fitzgerald Tamayo
Florida
$51K – – –
ASN
72
Advisory Services Network
Georgia
$41K -$4.86K -342 -11%
HCM
73
Highlander Capital Management
New Jersey
$40K – – –
WT
74
Whittier Trust
California
$38K – – –
SFM
75
Signet Financial Management
New Jersey
$27K – – –
1 2
3
4 5

IIM Hedge Fund Activity: Q2 2018 in Review

92 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2018, worth a combined $127M — up 13% from $112M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new IIM positions and 8 closed out — a net gain of 10 holders — while 24 added to existing stakes and 20 trimmed.

The largest buyer was Laurion Capital Management, opening a new position worth an estimated $7.27M. The largest seller was Karpus Investment Management, cutting an estimated $1.33M.

  • 92 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2018, up from 83 in Q1 2018.
  • Funds reported $127M of Invesco Value Municipal Income Trust stock for Q2 2018, up 13% quarter-over-quarter.
  • 18 funds opened new Invesco Value Municipal Income Trust positions in Q2 2018 and 8 closed out, a net change of +10 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2018 was Laurion Capital Management, an estimated $7.27M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2018 was Karpus Investment Management, an estimated $1.33M sold.

Based on aggregated 13F filings for Q2 2018.