Invesco Value Municipal Income Trust
IIM
75 hedge funds and large institutions have $65.5M invested in Invesco Value Municipal Income Trust in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 25 increasing their positions, 16 reducing their positions, and 8 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 16
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.43% less ownership
Funds ownership: 9.63% → 9.2% (-0.43%)
1% less capital invested
Capital invested by funds: $65.9M → $65.5M (-$418K)
3% less funds holding
Funds holding: 77 → 75 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.06M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.34M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.06M |
| 4 |
AIA
Avalon Investment & Advisory
Houston,
Texas
|
+$545K |
| 5 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
+$258K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.19M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.27M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.48M |
| 4 |
ACS
Archford Capital Strategies
Swansea,
Illinois
|
-$940K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$904K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFA
76
Carroll Financial Associates
Charlotte,
North Carolina
| $5K | – | – | – |
|
77
Northern Trust
Chicago,
Illinois
| $2K | +$614 | +41 | +0.4% |
|
|
AGM
78
Alpine Global Management
New York
| – | -$904K | -61,947 | Closed |
|
|
WAM
79
Wolverine Asset Management
Chicago,
Illinois
| – | -$803K | -55,058 | Closed |
|
|
VCM
80
Vivaldi Capital Management
Chicago,
Illinois
| – | -$764 | -52,362 | Closed |
|
81
SG Americas Securities
New York
| – | -$550K | -37,675 | Closed |
|
|
CCM
82
Catawba Capital Management
Roanoke,
Virginia
| – | -$211K | -14,480 | Closed |
|
|
ACS
83
Archford Capital Strategies
Swansea,
Illinois
| – | -$940K | -12,840 | Closed |
|
|
CAG
84
Crestwood Advisors Group
Boston,
Massachusetts
| – | -$136K | -9,100 | Closed |
|
|
PFO
85
Pathstone Family Office
Englewood,
New Jersey
| – | -$35K | -2,396 | Closed |
|
IIM Hedge Fund Activity: Q2 2017 in Review
75 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2017, worth a combined $65.5M — down 0.63% from $65.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of IIM and 6 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 25 added.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $4.06M. The largest seller was Fiera Capital (Canada), cutting an estimated $3.19M.
- 75 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2017, down from 77 in Q1 2017.
- Funds reported $65.5M of Invesco Value Municipal Income Trust stock for Q2 2017, down 0.63% quarter-over-quarter.
- 6 funds opened new Invesco Value Municipal Income Trust positions in Q2 2017 and 8 closed out, a net change of -2 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $4.06M added.
- The largest Invesco Value Municipal Income Trust seller in Q2 2017 was Fiera Capital (Canada), an estimated $3.19M sold.
Based on aggregated 13F filings for Q2 2017.