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Invesco Value Municipal Income Trust
IIM

95 hedge funds and large institutions have $124M invested in Invesco Value Municipal Income Trust in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 31 increasing their positions, 18 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

72% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 18

44% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 16

33% more capital invested

Capital invested by funds: $93.5M → $124M (+$30.8M)

7% more funds holding

Funds holding: 89 → 95 (+6)

3.44% more ownership

Funds ownership: 19.09% → 22.53% (+3.4%)

Holders
95
Holders Change
+6
Holders Change %
+6.74%
% of All Funds
1.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
31
Reduced
18
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$5.22M
2
Morgan Stanley
Morgan Stanley
New York
+$4.92M
3
LSC
Logan Stone Capital
Illinois
+$3.85M
4
RCM
Robinson Capital Management
Michigan
+$3.63M
5
UBS Group
UBS Group
Switzerland
+$2.52M

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$7.87M
2
LPL Financial
LPL Financial
California
-$753K
3
SIA
Sit Investment Associates
Minnesota
-$717K
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$626K
5
Osaic Holdings
Osaic Holdings
Arizona
-$509K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAG
51
Fortitude Advisory Group
Washington
$263K +$20.8K +1,904 +9%
WWMSC
52
Wagner Wealth Management (South Carolina)
South Carolina
$247K +$2.85K +260 +1%
FM
53
Family Management
New York
$247K -$66.1K -6,041 -22%
Mariner
54
Mariner
Kansas
$235K – – –
BPA
55
Beacon Pointe Advisors
California
$232K -$42.6K -3,893 -16%
HCM
56
Hollencrest Capital Management
California
$221K – – –
WS
57
Wedbush Securities
California
$208K – – –
CCP
58
Clough Capital Partners
Massachusetts
$197K – – –
QL
59
Quarry LP
New York
$197K – – –
IWC
60
Integrated Wealth Concepts
Massachusetts
$196K – – –
RJFSA
61
Raymond James Financial Services Advisors
Florida
$192K -$25.9K -2,363 -13%
Wealth Enhancement Advisory Services
62
Wealth Enhancement Advisory Services
Minnesota
$179K +$43.8K +4,000 +36%
ATPW
63
Ashton Thomas Private Wealth
Arizona
$176K – – –
EC
64
Elequin Capital
New York
$164K +$153K +13,945 New
US Bancorp
65
US Bancorp
Minnesota
$154K – – –
Cetera Investment Advisers
66
Cetera Investment Advisers
Illinois
$148K +$138K +12,580 New
AAS
67
Avantax Advisory Services
Texas
$144K +$2.48K +227 +2%
VF
68
Virtu Financial
New York
$143K +$134K +12,211 New
AGM
69
Alpine Global Management
New York
$131K +$123K +11,200 New
ACA
70
Ackerman Capital Advisors
Texas
$124K +$115K +10,546 New
BI
71
Bramshill Investments
Florida
$109K -$19.1K -1,743 -16%
AF
72
Advisornet Financial
Minnesota
$86.4K +$25.6K +2,335 +46%
Northwestern Mutual Wealth Management
73
Northwestern Mutual Wealth Management
Wisconsin
$79.9K +$74.5K +6,809 New
CBT
74
CoreFirst Bank & Trust
Kansas
$77.4K +$72.3K +6,600 New
SSB
75
Sandy Spring Bank
Maryland
$46.9K – – –
1 2
3
4 5

IIM Hedge Fund Activity: Q4 2023 in Review

95 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2023, worth a combined $124M — up 33% from $93.5M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new IIM positions and 16 closed out — a net gain of 7 holders — while 31 added to existing stakes and 18 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $5.22M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $7.87M sold.

  • 95 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2023, up from 89 in Q3 2023.
  • Funds reported $124M of Invesco Value Municipal Income Trust stock for Q4 2023, up 33% quarter-over-quarter.
  • 23 funds opened new Invesco Value Municipal Income Trust positions in Q4 2023 and 16 closed out, a net change of +7 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q4 2023 was Rivernorth Capital Management, an estimated $5.22M added.
  • The largest Invesco Value Municipal Income Trust seller in Q4 2023 was Fiera Capital (Canada), an estimated $7.87M sold.

Based on aggregated 13F filings for Q4 2023.