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Invesco Value Municipal Income Trust
IIM

81 hedge funds and large institutions have $78M invested in Invesco Value Municipal Income Trust in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 27 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 17

9% more capital invested

Capital invested by funds: $71.7M → $78M (+$6.29M)

0.28% more ownership

Funds ownership: 10.63% → 10.91% (+0.28%)

6% less funds holding

Funds holding: 86 → 81 (-5)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

Holders
81
Holders Change
-5
Holders Change %
-5.81%
% of All Funds
1.76%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
27
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WWM
Western Wealth Management
Colorado
+$2.59M
2
VCM
Vivaldi Capital Management
Illinois
+$944K
3
AAM
Advisors Asset Management
Colorado
+$451K
4
VanEck Associates
VanEck Associates
New York
+$449K
5
Morgan Stanley
Morgan Stanley
New York
+$374K

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$1.1M
2
GC
Guggenheim Capital
Illinois
-$715K
3
6M
6 Meridian
Kansas
-$687K
4
Wells Fargo
Wells Fargo
California
-$425K
5
BTS
BB&T Securities
Virginia
-$244K
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
51
Janney Montgomery Scott
Pennsylvania
$209K – – –
WMG
52
WESCAP Management Group
California
$199K – – –
AF
53
Advisornet Financial
Minnesota
$174K +$168K +11,400 New
SEI Investments
54
SEI Investments
Pennsylvania
$173K – – –
FHA
55
Flagship Harbor Advisors
Massachusetts
$131K +$96.1K +6,527 +313%
EWM
56
Endurance Wealth Management
Rhode Island
$114K – – –
SSB
57
Sandy Spring Bank
Maryland
$112K – – –
EWM
58
Edge Wealth Management
New York
$69K – – –
Citigroup
59
Citigroup
New York
$68K +$58.9K +4,000 +855%
IAS
60
IMA Advisory Services
Colorado
$64K – – –
MIM
61
Macroview Investment Management
Maryland
$56K – – –
MFT
62
Moisand Fitzgerald Tamayo
Florida
$55K – – –
AF
63
Allworth Financial
California
$46K +$353 +24 +0.8%
GWM
64
Geneos Wealth Management
Colorado
$44K -$76.6K -5,200 -64%
HCM
65
Highlander Capital Management
New Jersey
$43K – – –
ESB
66
Essex Savings Bank
Connecticut
$29K – – –
JP Morgan Chase
67
JP Morgan Chase
New York
$22K -$1.1M -74,972 -98%
ASN
68
Advisory Services Network
Georgia
$21K +$236 +16 +1%
GWMIA
69
Global Wealth Management Investment Advisory
Florida
$12K – – –
TC
70
Truvestments Capital
Florida
$12K – – –
TCM
71
Tradewinds Capital Management
Washington
$7K +$74 +5 +1%
EIP
72
Ellis Investment Partners
Pennsylvania
$7K +$7.7K +523 New
AIM
73
Anchor Investment Management
South Carolina
$6.42K – – –
WEC
74
Winslow Evans & Crocker
Massachusetts
$6K – – –
PFO
75
Pathstone Family Office
New Jersey
$6K +$5.33K +362 New
1 2
3
4

IIM Hedge Fund Activity: Q2 2019 in Review

81 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2019, worth a combined $78M — up 8.8% from $71.7M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of IIM and 6 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 27 added.

The largest buyer was Western Wealth Management, opening a new position worth an estimated $2.59M. The largest seller was JP Morgan Chase, cutting an estimated $1.1M.

  • 81 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2019, down from 86 in Q1 2019.
  • Funds reported $78M of Invesco Value Municipal Income Trust stock for Q2 2019, up 8.8% quarter-over-quarter.
  • 6 funds opened new Invesco Value Municipal Income Trust positions in Q2 2019 and 10 closed out, a net change of -4 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2019 was Western Wealth Management, an estimated $2.59M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2019 was JP Morgan Chase, an estimated $1.1M sold.

Based on aggregated 13F filings for Q2 2019.