Invesco Value Municipal Income Trust
IIM
76 hedge funds and large institutions have $54.8M invested in Invesco Value Municipal Income Trust in 2016 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 20 increasing their positions, 19 reducing their positions, and 9 closing their positions.
100% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 9
11% more capital invested
Capital invested by funds: $49.4M → $54.8M (+$5.42M)
10% more funds holding
Funds holding: 69 → 76 (+7)
1.53% more ownership
Funds ownership: 6.44% → 7.98% (+1.5%)
5% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$5.58M |
| 2 |
Morgan Stanley
New York
|
+$3.24M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3.18M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.16M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$3.59M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$2.34M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.76M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$647K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$599K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $3K | – | – | – |
|
77
Northern Trust
Chicago,
Illinois
| $1K | +$630 | +42 | +0.4% |
|
|
LCM
78
Laurion Capital Management
New York
| – | -$2.34M | -142,791 | Closed |
|
|
DA
79
Doliver Advisors
Houston,
Texas
| – | -$1.76M | -107,774 | Closed |
|
|
TC
80
TFS Capital
West Chester,
Pennsylvania
| – | -$647K | -39,517 | Closed |
|
81
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$290K | -17,714 | Closed |
|
|
BRWA
82
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$183K | -11,133 | Closed |
|
|
BCMIO
83
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
| – | -$154K | -9,425 | Closed |
|
84
Envestnet Asset Management
Chicago,
Illinois
| – | -$49K | -3,000 | Closed |
|
|
WA
85
WFG Advisors
Dallas,
Texas
| – | -$16K | -1,000 | Closed |
|
86
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$5K | -276 | Closed |
|
IIM Hedge Fund Activity: Q4 2016 in Review
76 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2016, worth a combined $54.8M — up 11% from $49.4M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new IIM positions and 9 closed out — a net gain of 9 holders — while 20 added to existing stakes and 19 trimmed.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $5.58M. The largest seller was Curi RMB Capital, cutting an estimated $3.59M.
- 76 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2016, up from 69 in Q3 2016.
- Funds reported $54.8M of Invesco Value Municipal Income Trust stock for Q4 2016, up 11% quarter-over-quarter.
- 18 funds opened new Invesco Value Municipal Income Trust positions in Q4 2016 and 9 closed out, a net change of +9 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q4 2016 was Fiera Capital (Canada), an estimated $5.58M added.
- The largest Invesco Value Municipal Income Trust seller in Q4 2016 was Curi RMB Capital, an estimated $3.59M sold.
Based on aggregated 13F filings for Q4 2016.