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Invesco Value Municipal Income Trust
IIM

86 hedge funds and large institutions have $121M invested in Invesco Value Municipal Income Trust in 2021 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 18 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 18

1% less funds holding

Funds holding: 87 → 86 (-1)

3.06% less ownership

Funds ownership: 18.68% → 15.63% (-3.1%)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

12% less capital invested

Capital invested by funds: $138M → $121M (-$16.7M)

Holders
86
Holders Change
-1
Holders Change %
-1.15%
% of All Funds
1.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
33
Reduced
18
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HWAM
Hennion & Walsh Asset Management
New Jersey
+$3.23M
2
Bank of America
Bank of America
North Carolina
+$2.21M
3
GC
Guggenheim Capital
Illinois
+$1.23M
4
Wells Fargo
Wells Fargo
California
+$788K
5
Morgan Stanley
Morgan Stanley
New York
+$736K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$16.7M
2
RCM
Rivernorth Capital Management
Florida
-$10.9M
3
VCM
Vivaldi Capital Management
Illinois
-$3.21M
4
PPA
Parametric Portfolio Associates
Washington
-$2.17M
5
RCM
Robinson Capital Management
Michigan
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
51
Ancora Advisors
Ohio
$247K – – –
CCWA
52
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$237K – – –
HCM
53
Hollencrest Capital Management
California
$229K – – –
HighTower Advisors
54
HighTower Advisors
Illinois
$218K +$3.88K +241 +2%
Janney Montgomery Scott
55
Janney Montgomery Scott
Pennsylvania
$216K -$61.5K -3,820 -23%
US Bancorp
56
US Bancorp
Minnesota
$216K – – –
RCA
57
Ranch Capital Advisors
Florida
$187K – – –
AAS
58
Avantax Advisory Services
Texas
$181K -$38.3K -2,380 -18%
BRWM
59
B. Riley Wealth Management
Tennessee
$181K +$16.1K +1,000 +10%
BAM
60
Belpointe Asset Management
Nevada
$169K +$165K +10,256 New
TCOO
61
Trust Company of Oklahoma
Oklahoma
$167K +$163K +10,124 New
SPIA
62
Steward Partners Investment Advisory
New York
$136K -$24.8K -1,543 -16%
MRCM
63
M&R Capital Management
New Jersey
$107K – – –
EWM
64
Endurance Wealth Management
Rhode Island
$100K -$21.7K -1,350 -18%
HI
65
Harbour Investments
Wisconsin
$85K – – –
MCM
66
MV Capital Management
Maryland
$76K +$16.1K +1,000 +28%
MA
67
Montag & Associates
Georgia
$75K +$290 +18 +0.4%
TWM
68
Tradition Wealth Management
Minnesota
$74K – – –
SWM
69
Sugarloaf Wealth Management
Georgia
$71K +$451 +28 +0.7%
SSB
70
Sandy Spring Bank
Maryland
$66K – – –
CBT
71
CoreFirst Bank & Trust
Kansas
$61K +$59.8K +3,714 New
GWM
72
Geneos Wealth Management
Colorado
$48K – – –
NFSG
73
Newbridge Financial Services Group
Florida
$41K +$1.09K +68 +3%
JP Morgan Chase
74
JP Morgan Chase
New York
$15K – – –
MIM
75
Macroview Investment Management
Maryland
$11K – – –
1 2
3
4

IIM Hedge Fund Activity: Q2 2021 in Review

86 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2021, worth a combined $121M — down 12% from $138M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of IIM and 8 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 33 added.

The largest buyer was Hennion & Walsh Asset Management, adding an estimated $3.23M. The largest seller was Karpus Investment Management, cutting an estimated $16.7M.

  • 86 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2021, down from 87 in Q1 2021.
  • Funds reported $121M of Invesco Value Municipal Income Trust stock for Q2 2021, down 12% quarter-over-quarter.
  • 8 funds opened new Invesco Value Municipal Income Trust positions in Q2 2021 and 9 closed out, a net change of -1 holder.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2021 was Hennion & Walsh Asset Management, an estimated $3.23M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2021 was Karpus Investment Management, an estimated $16.7M sold.

Based on aggregated 13F filings for Q2 2021.