Invesco Value Municipal Income Trust
IIM
61 hedge funds and large institutions have $44.8M invested in Invesco Value Municipal Income Trust in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 15 closing their positions.
1% more capital invested
Capital invested by funds: $44.4M → $44.8M (+$416K)
0.64% less ownership
Funds ownership: 5.95% → 5.32% (-0.64%)
6% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 17
9% less funds holding
Funds holding: 67 → 61 (-6)
40% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
+$1.39M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$953K |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$684K |
| 4 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
+$244K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$223K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.53M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
-$1.1M |
| 3 |
LPL Financial
San Diego,
California
|
-$760K |
| 4 |
Barclays
London,
United Kingdom
|
-$685K |
| 5 |
SG Americas Securities
New York
|
-$650K |
IIM Hedge Fund Activity: Q1 2014 in Review
61 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2014, worth a combined $44.8M — up 0.94% from $44.4M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of IIM and 9 opened new positions — a net loss of 6 holders — while 17 trimmed existing stakes and 16 added.
The largest buyer was Macroview Investment Management, opening a new position worth an estimated $1.39M. The largest seller was TFS Capital, exiting entirely with an estimated $1.53M sold.
- 61 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2014, down from 67 in Q4 2013.
- Funds reported $44.8M of Invesco Value Municipal Income Trust stock for Q1 2014, up 0.94% quarter-over-quarter.
- 9 funds opened new Invesco Value Municipal Income Trust positions in Q1 2014 and 15 closed out, a net change of -6 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q1 2014 was Macroview Investment Management, an estimated $1.39M added.
- The largest Invesco Value Municipal Income Trust seller in Q1 2014 was TFS Capital, an estimated $1.53M sold.
Based on aggregated 13F filings for Q1 2014.