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Invesco Value Municipal Income Trust
IIM

86 hedge funds and large institutions have $71.7M invested in Invesco Value Municipal Income Trust in 2019 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 15

4% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 23

2% less funds holding

Funds holding: 88 → 86 (-2)

4.95% less ownership

Funds ownership: 15.58% → 10.63% (-5%)

28% less capital invested

Capital invested by funds: $99.1M → $71.7M (-$27.4M)

Holders
86
Holders Change
-2
Holders Change %
-2.27%
% of All Funds
1.86%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
22
Reduced
23
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$4.21M
2
JP Morgan Chase
JP Morgan Chase
New York
+$1.1M
3
LPL Financial
LPL Financial
California
+$749K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$703K
5
PCP
Proficio Capital Partners
Massachusetts
+$661K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$12.4M
2
RCM
Rivernorth Capital Management
Florida
-$11.2M
3
KIM
Karpus Investment Management
New York
-$7.83M
4
RCM
Robinson Capital Management
Michigan
-$4.72M
5
LCM
Landscape Capital Management
New Jersey
-$1.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
WMG
51
WESCAP Management Group
California
$188K -$10K -700 -5%
Millennium Management
52
Millennium Management
New York
$185K +$184K +12,844 New
SEI Investments
53
SEI Investments
Pennsylvania
$164K +$163K +11,386 New
WAM
54
Wolverine Asset Management
Illinois
$155K -$828K -57,718 -84%
CFSG
55
Community Financial Services Group
Vermont
$144K – – –
LYV
56
Live Your Vision
Pennsylvania
$143K – – –
Northwestern Mutual Wealth Management
57
Northwestern Mutual Wealth Management
Wisconsin
$140K -$185K -12,928 -57%
GWM
58
Geneos Wealth Management
Colorado
$117K – – –
EWM
59
Endurance Wealth Management
Rhode Island
$108K – – –
SSB
60
Sandy Spring Bank
Maryland
$106K -$28.7K -2,000 -21%
SWM
61
SeaCrest Wealth Management
New York
$72K – – –
EWM
62
Edge Wealth Management
New York
$66K – – –
IAS
63
IMA Advisory Services
Colorado
$60K – – –
MIM
64
Macroview Investment Management
Maryland
$53K -$9.47K -660 -15%
MFT
65
Moisand Fitzgerald Tamayo
Florida
$52K – – –
AF
66
Allworth Financial
California
$43K +$43K +3,000 New
HCM
67
Highlander Capital Management
New Jersey
$41K – – –
FHA
68
Flagship Harbor Advisors
Massachusetts
$30K – – –
ESB
69
Essex Savings Bank
Connecticut
$27K – – –
RFC
70
Regions Financial Corp
Alabama
$26K -$7.17K -500 -21%
ASN
71
Advisory Services Network
Georgia
$19K +$244 +17 +1%
GWMIA
72
Global Wealth Management Investment Advisory
Florida
$12K – – –
TC
73
Truvestments Capital
Florida
$12K +$11.5K +800 New
BWA
74
BDO Wealth Advisors
Florida
$8K – – –
MFW
75
Mosaic Family Wealth
Missouri
$7K -$7.17K -500 -50%
1 2
3
4 5

IIM Hedge Fund Activity: Q1 2019 in Review

86 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2019, worth a combined $71.7M — down 28% from $99.1M a quarter earlier.

Fund positioning in IIM was balanced in Q1 2019: 15 funds opened new positions, 15 closed out, 22 added to existing stakes and 23 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $4.21M. The largest seller was Wells Fargo, cutting an estimated $12.4M.

  • 86 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2019, down from 88 in Q4 2018.
  • Funds reported $71.7M of Invesco Value Municipal Income Trust stock for Q1 2019, down 28% quarter-over-quarter.
  • 15 funds opened new Invesco Value Municipal Income Trust positions in Q1 2019 and 15 closed out, a net change of 0 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q1 2019 was Parametric Portfolio Associates, an estimated $4.21M added.
  • The largest Invesco Value Municipal Income Trust seller in Q1 2019 was Wells Fargo, an estimated $12.4M sold.

Based on aggregated 13F filings for Q1 2019.