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Invesco Value Municipal Income Trust
IIM

85 hedge funds and large institutions have $105M invested in Invesco Value Municipal Income Trust in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 33 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 21

1.06% more ownership

Funds ownership: 17.77% → 18.83% (+1.1%)

4% more capital invested

Capital invested by funds: $101M → $105M (+$4.2M)

1% less funds holding

Funds holding: 86 → 85 (-1)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

Holders
85
Holders Change
-1
Holders Change %
-1.16%
% of All Funds
1.33%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
33
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.27M
2
GC
Guggenheim Capital
Illinois
+$945K
3
AA
AQR Arbitrage
Connecticut
+$677K
4
RCM
Robinson Capital Management
Michigan
+$494K
5
TWM
TriaGen Wealth Management
California
+$398K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$499K
2
Walleye Capital
Walleye Capital
New York
-$210K
3
First Trust Advisors
First Trust Advisors
Illinois
-$140K
4
KAS
Kestra Advisory Services
Texas
-$134K
5
UBS Group
UBS Group
Switzerland
-$110K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAG
51
Fortitude Advisory Group
Washington
$229K +$13.8K +1,169 +6%
IWC
52
Integrated Wealth Concepts
Massachusetts
$215K – – –
WS
53
Wedbush Securities
California
$210K -$17.7K -1,500 -8%
CWM
54
Chemistry Wealth Management
New York
$190K – – –
WAM
55
Wolverine Asset Management
Illinois
$189K +$171K +14,514 +964%
LNWWM
56
Laird Norton Wetherby Wealth Management
California
$188K +$12.1K +1,021 +7%
CAPTRUST Financial Advisors
57
CAPTRUST Financial Advisors
North Carolina
$180K -$33.3K -2,823 -16%
STA
58
Summit Trail Advisors
New York
$179K +$179K +15,133 New
AA
59
Ancora Advisors
Ohio
$177K – – –
ATPW
60
Ashton Thomas Private Wealth
Arizona
$177K +$177K +15,000 New
Nomura Holdings
61
Nomura Holdings
Japan
$170K +$51.9K +4,400 +44%
Janney Montgomery Scott
62
Janney Montgomery Scott
Pennsylvania
$165K -$18.4K -1,555 -10%
US Bancorp
63
US Bancorp
Minnesota
$155K – – –
AAS
64
Avantax Advisory Services
Texas
$149K -$2.54K -215 -2%
HighTower Advisors
65
HighTower Advisors
Illinois
$143K – – –
BI
66
Bramshill Investments
Florida
$142K +$67.6K +5,730 +91%
Koshinski Asset Management
67
Koshinski Asset Management
Illinois
$142K +$141K +11,978 New
MNBTD
68
Moody National Bank Trust Division
Texas
$118K +$118K +10,025 New
AF
69
Advisornet Financial
Minnesota
$65.4K -$3.54K -300 -5%
SPIA
70
Steward Partners Investment Advisory
New York
$59.4K – – –
MRCM
71
M&R Capital Management
New Jersey
$52K – – –
SSB
72
Sandy Spring Bank
Maryland
$47.3K – – –
UB
73
UMB Bank
Missouri
$38.6K – – –
MA
74
Montag & Associates
Georgia
$35.7K – – –
JP Morgan Chase
75
JP Morgan Chase
New York
$23.6K +$7.27K +616 +45%
1 2
3
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IIM Hedge Fund Activity: Q2 2023 in Review

85 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2023, worth a combined $105M — up 4.2% from $101M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of IIM and 7 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 33 added.

The largest buyer was Fiera Capital (Canada), adding an estimated $1.27M. The largest seller was Sit Investment Associates, cutting an estimated $499K.

  • 85 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2023, down from 86 in Q1 2023.
  • Funds reported $105M of Invesco Value Municipal Income Trust stock for Q2 2023, up 4.2% quarter-over-quarter.
  • 7 funds opened new Invesco Value Municipal Income Trust positions in Q2 2023 and 8 closed out, a net change of -1 holder.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2023 was Fiera Capital (Canada), an estimated $1.27M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2023 was Sit Investment Associates, an estimated $499K sold.

Based on aggregated 13F filings for Q2 2023.