Invesco Value Municipal Income Trust
IIM
67 hedge funds and large institutions have $44.4M invested in Invesco Value Municipal Income Trust in 2013 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 15 increasing their positions, 20 reducing their positions, and 14 closing their positions.
64% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 14
16% more funds holding
Funds holding: 58 → 67 (+9)
0.97% less ownership
Funds ownership: 6.92% → 5.95% (-0.97%)
16% less capital invested
Capital invested by funds: $52.6M → $44.4M (-$8.17M)
25% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
+$1.12M |
| 2 |
GCM
Gruss Capital Management
New York
|
+$676K |
| 3 |
SG Americas Securities
New York
|
+$665K |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
+$545K |
| 5 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$347K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.26M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$2.19M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.25M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.23M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$861K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Jane Street
New York
| – | -$141K | -10,368 | Closed |
|
|
WAM
77
Wolverine Asset Management
Chicago,
Illinois
| – | -$140K | -10,336 | Closed |
|
|
PFO
78
Pathstone Family Office
Englewood,
New Jersey
| – | -$138K | -10,091 | Closed |
|
|
TCOV
79
Trust Company of Vermont
Brattleboro,
Vermont
| – | -$51K | -3,786 | Closed |
|
|
TJHA
80
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$27K | -2,000 | Closed |
|
81
Ameriprise
Minneapolis,
Minnesota
| – | -$9K | -1,346 | Closed |
|
IIM Hedge Fund Activity: Q4 2013 in Review
67 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2013, worth a combined $44.4M — down 16% from $52.6M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new IIM positions and 14 closed out — a net gain of 9 holders — while 15 added to existing stakes and 20 trimmed.
The largest buyer was Virtu KCG Holdings, opening a new position worth an estimated $1.12M. The largest seller was Morgan Stanley, cutting an estimated $4.26M.
- 67 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2013, up from 58 in Q3 2013.
- Funds reported $44.4M of Invesco Value Municipal Income Trust stock for Q4 2013, down 16% quarter-over-quarter.
- 23 funds opened new Invesco Value Municipal Income Trust positions in Q4 2013 and 14 closed out, a net change of +9 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q4 2013 was Virtu KCG Holdings, an estimated $1.12M added.
- The largest Invesco Value Municipal Income Trust seller in Q4 2013 was Morgan Stanley, an estimated $4.26M sold.
Based on aggregated 13F filings for Q4 2013.