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Invesco Value Municipal Income Trust
IIM

88 hedge funds and large institutions have $110M invested in Invesco Value Municipal Income Trust in 2021 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

23% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 22

2% more funds holding

Funds holding: 86 → 88 (+2)

1.33% less ownership

Funds ownership: 15.63% → 14.3% (-1.3%)

10% less capital invested

Capital invested by funds: $121M → $110M (-$11.5M)

Holders
88
Holders Change
+2
Holders Change %
+2.33%
% of All Funds
1.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
27
Reduced
22
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HWAM
Hennion & Walsh Asset Management
New Jersey
+$5.78M
2
Citadel Advisors
Citadel Advisors
Florida
+$5.23M
3
GC
Guggenheim Capital
Illinois
+$1.54M
4
First Trust Advisors
First Trust Advisors
Illinois
+$574K
5
LPL Financial
LPL Financial
California
+$502K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$12.2M
2
PPA
Parametric Portfolio Associates
Washington
-$7.62M
3
KIM
Karpus Investment Management
New York
-$2.44M
4
6M
6 Meridian
Kansas
-$715K
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$594K
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
51
Rockefeller Capital Management
New York
$256K +$2.58K +153 +1%
AA
52
Ancora Advisors
Ohio
$245K – – –
CCWA
53
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$231K -$3.46K -205 -1%
HighTower Advisors
54
HighTower Advisors
Illinois
$230K +$14.4K +856 +6%
HCM
55
Hollencrest Capital Management
California
$226K – – –
Janney Montgomery Scott
56
Janney Montgomery Scott
Pennsylvania
$214K – – –
US Bancorp
57
US Bancorp
Minnesota
$214K – – –
AAS
58
Avantax Advisory Services
Texas
$212K +$33.7K +2,000 +18%
OPS
59
Orion Portfolio Solutions
Nebraska
$196K +$203K +12,035 New
RCA
60
Ranch Capital Advisors
Florida
$186K – – –
BRWM
61
B. Riley Wealth Management
Tennessee
$179K – – –
KIM
62
Karpus Investment Management
New York
$172K -$2.44M -144,743 -93%
BAM
63
Belpointe Asset Management
Nevada
$168K +$287 +17 +0.2%
BI
64
Bramshill Investments
Florida
$167K -$172K -10,179 -50%
TCOO
65
Trust Company of Oklahoma
Oklahoma
$165K – – –
SPIA
66
Steward Partners Investment Advisory
New York
$115K -$20.2K -1,200 -15%
MRCM
67
M&R Capital Management
New Jersey
$84K -$21.9K -1,300 -20%
HI
68
Harbour Investments
Wisconsin
$84K – – –
MCM
69
MV Capital Management
Maryland
$75K – – –
MA
70
Montag & Associates
Georgia
$75K +$304 +18 +0.4%
TWM
71
Tradition Wealth Management
Minnesota
$73K – – –
SWM
72
Sugarloaf Wealth Management
Georgia
$70K +$456 +27 +0.6%
GWM
73
Geneos Wealth Management
Colorado
$69K +$22.9K +1,358 +47%
SSB
74
Sandy Spring Bank
Maryland
$65K – – –
CBT
75
CoreFirst Bank & Trust
Kansas
$61K – – –
1 2
3
4

IIM Hedge Fund Activity: Q3 2021 in Review

88 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2021, worth a combined $110M — down 9.5% from $121M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new IIM positions and 7 closed out — a net gain of 3 holders — while 27 added to existing stakes and 22 trimmed.

The largest buyer was Hennion & Walsh Asset Management, adding an estimated $5.78M. The largest seller was Rivernorth Capital Management, cutting an estimated $12.2M.

  • 88 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2021, up from 86 in Q2 2021.
  • Funds reported $110M of Invesco Value Municipal Income Trust stock for Q3 2021, down 9.5% quarter-over-quarter.
  • 10 funds opened new Invesco Value Municipal Income Trust positions in Q3 2021 and 7 closed out, a net change of +3 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q3 2021 was Hennion & Walsh Asset Management, an estimated $5.78M added.
  • The largest Invesco Value Municipal Income Trust seller in Q3 2021 was Rivernorth Capital Management, an estimated $12.2M sold.

Based on aggregated 13F filings for Q3 2021.