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Invesco Value Municipal Income Trust
IIM

87 hedge funds and large institutions have $119M invested in Invesco Value Municipal Income Trust in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.95% less ownership

Funds ownership: 19.14% → 18.19% (-0.95%)

4% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 23

5% less funds holding

Funds holding: 92 → 87 (-5)

7% less capital invested

Capital invested by funds: $127M → $119M (-$8.69M)

36% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 14

Holders
87
Holders Change
-5
Holders Change %
-5.43%
% of All Funds
1.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
22
Reduced
23
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$3.54M
2
DWM
Dakota Wealth Management
Florida
+$1.73M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.7M
4
LTFS
Ladenburg Thalmann Financial Services
Florida
+$1.18M
5
RCM
Robinson Capital Management
Michigan
+$947K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$7.22M
2
KIM
Karpus Investment Management
New York
-$5.04M
3
SG Americas Securities
SG Americas Securities
New York
-$955K
4
6M
6 Meridian
Kansas
-$883K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$567K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
51
Ancora Advisors
Ohio
$208K – – –
Janney Montgomery Scott
52
Janney Montgomery Scott
Pennsylvania
$190K – – –
HighTower Advisors
53
HighTower Advisors
Illinois
$185K +$17K +1,200 +10%
PFS
54
Prospera Financial Services
Texas
$163K -$262K -18,506 -61%
IA
55
IFP Advisors
Florida
$151K +$11.3K +800 +8%
LNWWM
56
Laird Norton Wetherby Wealth Management
California
$148K – – –
LYV
57
Live Your Vision
Pennsylvania
$138K -$42.5K -3,000 -23%
CFSG
58
Community Financial Services Group
Vermont
$138K – – –
EWM
59
Edge Wealth Management
New York
$132K – – –
SSB
60
Sandy Spring Bank
Maryland
$129K – – –
EWM
61
Endurance Wealth Management
Rhode Island
$103K – – –
SWM
62
SeaCrest Wealth Management
New York
$69K – – –
MIM
63
Macroview Investment Management
Maryland
$65K – – –
IAS
64
IMA Advisory Services
Colorado
$58K – – –
THWM
65
Taylor Hoffman Wealth Management
Virginia
$58K +$58.9K +4,163 New
OIA
66
OneDigital Investment Advisors
Kansas
$55K – – –
MFT
67
Moisand Fitzgerald Tamayo
Florida
$50K – – –
CWSR
68
Chessman Wealth Strategies RIA
Texas
$48K +$49.5K +3,497 New
ASN
69
Advisory Services Network
Georgia
$40K +$524 +37 +1%
HCM
70
Highlander Capital Management
New Jersey
$39K – – –
WT
71
Whittier Trust
California
$37K – – –
Bank of Montreal
72
Bank of Montreal
Ontario, Canada
$28K +$28.9K +2,044 New
SFM
73
Signet Financial Management
New Jersey
$26K – – –
RFC
74
Regions Financial Corp
Alabama
$25K – – –
FHA
75
Flagship Harbor Advisors
Massachusetts
$16K – – –
1 2
3
4 5

IIM Hedge Fund Activity: Q3 2018 in Review

87 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2018, worth a combined $119M — down 6.8% from $127M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of IIM and 9 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 22 added.

The largest buyer was Wells Fargo, adding an estimated $3.54M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $7.22M sold.

  • 87 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2018, down from 92 in Q2 2018.
  • Funds reported $119M of Invesco Value Municipal Income Trust stock for Q3 2018, down 6.8% quarter-over-quarter.
  • 9 funds opened new Invesco Value Municipal Income Trust positions in Q3 2018 and 14 closed out, a net change of -5 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q3 2018 was Wells Fargo, an estimated $3.54M added.
  • The largest Invesco Value Municipal Income Trust seller in Q3 2018 was Laurion Capital Management, an estimated $7.22M sold.

Based on aggregated 13F filings for Q3 2018.