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Invesco Value Municipal Income Trust
IIM

102 hedge funds and large institutions have $119M invested in Invesco Value Municipal Income Trust in 2020 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 8

63% more capital invested

Capital invested by funds: $73.1M → $119M (+$45.9M)

48% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 21

13% more funds holding

Funds holding: 90 → 102 (+12)

7.39% more ownership

Funds ownership: 10.54% → 17.93% (+7.4%)

Holders
102
Holders Change
+12
Holders Change %
+13.33%
% of All Funds
2.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
31
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$35.7M
2
RCM
Rivernorth Capital Management
Florida
+$8.48M
3
OCM
Oaktree Capital Management
California
+$5.53M
4
AA
AQR Arbitrage
Connecticut
+$2.33M
5
RCM
Robinson Capital Management
Michigan
+$2.29M

Top Sellers

Rank Fund Capital Flow
1
WQ
Wealth Quarterback
New Jersey
-$3.38M
2
PPA
Parametric Portfolio Associates
Washington
-$2.28M
3
Morgan Stanley
Morgan Stanley
New York
-$1.62M
4
WWM
Western Wealth Management
Colorado
-$1.41M
5
PFO
Pathstone Family Office
New Jersey
-$661K
Name Holding Trade Value Shares
Change 		Change in
Stake
HCM
51
Hollencrest Capital Management
California
$241K – – –
DAS
52
Dynamic Advisor Solutions
Arizona
$231K +$13.7K +905 +6%
CIA
53
Choate Investment Advisors
Massachusetts
$226K +$242K +16,000 New
CAN
54
Cetera Advisor Networks
California
$221K -$37.9K -2,500 -14%
US Bancorp
55
US Bancorp
Minnesota
$220K – – –
AA
56
Ancora Advisors
Ohio
$212K – – –
NS
57
NewDay Solutions
New Hampshire
$204K – – –
HighTower Advisors
58
HighTower Advisors
Illinois
$201K – – –
APW
59
Aurora Private Wealth
New Jersey
$200K +$214K +14,160 New
ICM
60
Ionic Capital Management
New York
$200K +$214K +14,162 New
Janney Montgomery Scott
61
Janney Montgomery Scott
Pennsylvania
$198K +$12.9K +850 +6%
Stifel Financial
62
Stifel Financial
Missouri
$197K -$298K -19,676 -58%
RCA
63
Ranch Capital Advisors
Florida
$195K – – –
WMG
64
WESCAP Management Group
California
$175K – – –
Jane Street
65
Jane Street
New York
$172K +$185K +12,194 New
BF
66
BOK Financial
Oklahoma
$167K – – –
FIA
67
FNY Investment Advisers
New York
$165K +$178K +11,738 New
SEI Investments
68
SEI Investments
Pennsylvania
$161K – – –
AF
69
Advisornet Financial
Minnesota
$148K +$13.6K +900 +9%
CRC
70
Curi RMB Capital
Illinois
$148K +$158K +10,461 New
FAM
71
Formidable Asset Management
Ohio
$143K +$153K +10,100 New
EWM
72
Endurance Wealth Management
Rhode Island
$106K – – –
Rockefeller Capital Management
73
Rockefeller Capital Management
New York
$95K +$91.2K +6,024 +903%
HNB
74
Huntington National Bank
Ohio
$74K – – –
EWM
75
Edge Wealth Management
New York
$65K – – –
1 2
3
4 5

IIM Hedge Fund Activity: Q1 2020 in Review

102 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2020, worth a combined $119M — up 63% from $73.1M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new IIM positions and 8 closed out — a net gain of 15 holders — while 31 added to existing stakes and 21 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $35.7M. The largest seller was Wealth Quarterback, cutting an estimated $3.38M.

  • 102 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2020, up from 90 in Q4 2019.
  • Funds reported $119M of Invesco Value Municipal Income Trust stock for Q1 2020, up 63% quarter-over-quarter.
  • 23 funds opened new Invesco Value Municipal Income Trust positions in Q1 2020 and 8 closed out, a net change of +15 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q1 2020 was Karpus Investment Management, an estimated $35.7M added.
  • The largest Invesco Value Municipal Income Trust seller in Q1 2020 was Wealth Quarterback, an estimated $3.38M sold.

Based on aggregated 13F filings for Q1 2020.