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Invesco Value Municipal Income Trust
IIM

87 hedge funds and large institutions have $138M invested in Invesco Value Municipal Income Trust in 2021 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 30 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 20

5% less capital invested

Capital invested by funds: $145M → $138M (-$7.09M)

1.01% less ownership

Funds ownership: 19.69% → 18.68% (-1%)

8% less funds holding

Funds holding: 95 → 87 (-8)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
87
Holders Change
-8
Holders Change %
-8.42%
% of All Funds
1.53%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
30
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$4.2M
2
SIA
Sit Investment Associates
Minnesota
+$2.32M
3
PPA
Parametric Portfolio Associates
Washington
+$1.18M
4
Wells Fargo
Wells Fargo
California
+$1.16M
5
Invesco
Invesco
Georgia
+$626K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$10.7M
2
RCM
Robinson Capital Management
Michigan
-$5.46M
3
MIG
Mariner Investment Group
New York
-$1.18M
4
GC
Guggenheim Capital
Illinois
-$736K
5
KAS
Kestra Advisory Services
Texas
-$576K
Name Holding Trade Value Shares
Change 		Change in
Stake
CCWA
51
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$225K – – –
HCM
52
Hollencrest Capital Management
California
$217K – – –
AAS
53
Avantax Advisory Services
Texas
$208K -$192K -12,294 -48%
US Bancorp
54
US Bancorp
Minnesota
$205K – – –
HighTower Advisors
55
HighTower Advisors
Illinois
$204K -$73.5K -4,700 -27%
Rockefeller Capital Management
56
Rockefeller Capital Management
New York
$203K -$65.4K -4,182 -24%
Cohen & Steers
57
Cohen & Steers
New York
$188K +$28.6K +1,828 +18%
RCA
58
Ranch Capital Advisors
Florida
$178K -$38.2K -2,440 -18%
MC
59
Moors & Cabot
Massachusetts
$165K – – –
BI
60
Bramshill Investments
Florida
$160K – – –
Truist Financial
61
Truist Financial
North Carolina
$157K -$21.9K -1,400 -12%
BRWM
62
B. Riley Wealth Management
Tennessee
$157K +$156K +10,000 New
SPIA
63
Steward Partners Investment Advisory
New York
$154K -$107K -6,811 -41%
EWM
64
Endurance Wealth Management
Rhode Island
$117K – – –
MRCM
65
M&R Capital Management
New Jersey
$101K – – –
WAP
66
Wealthcare Advisory Partners
Pennsylvania
$86K +$85.6K +5,473 New
HI
67
Harbour Investments
Wisconsin
$81K +$80.4K +5,139 New
TWM
68
Tradition Wealth Management
Minnesota
$71K – – –
MA
69
Montag & Associates
Georgia
$71K +$297 +19 +0.4%
SSB
70
Sandy Spring Bank
Maryland
$63K – – –
MCM
71
MV Capital Management
Maryland
$57K +$56.7K +3,624 New
GWM
72
Geneos Wealth Management
Colorado
$46K – – –
IAIM
73
International Assets Investment Management
Florida
$46K – – –
NFSG
74
Newbridge Financial Services Group
Florida
$38K +$391 +25 +1%
AIC
75
Archer Investment Corporation
Indiana
$37.2K -$21.8K -1,394 -37%
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IIM Hedge Fund Activity: Q1 2021 in Review

87 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2021, worth a combined $138M — down 4.9% from $145M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of IIM and 6 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 30 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $4.2M. The largest seller was Karpus Investment Management, cutting an estimated $10.7M.

  • 87 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2021, down from 95 in Q4 2020.
  • Funds reported $138M of Invesco Value Municipal Income Trust stock for Q1 2021, down 4.9% quarter-over-quarter.
  • 6 funds opened new Invesco Value Municipal Income Trust positions in Q1 2021 and 10 closed out, a net change of -4 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q1 2021 was Rivernorth Capital Management, an estimated $4.2M added.
  • The largest Invesco Value Municipal Income Trust seller in Q1 2021 was Karpus Investment Management, an estimated $10.7M sold.

Based on aggregated 13F filings for Q1 2021.