Invesco Value Municipal Income Trust
IIM
77 hedge funds and large institutions have $90.9M invested in Invesco Value Municipal Income Trust in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 33 increasing their positions, 13 reducing their positions, and 5 closing their positions.
154% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 13
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
39% more capital invested
Capital invested by funds: $65.5M → $90.9M (+$25.4M)
3.73% more ownership
Funds ownership: 9.2% → 12.93% (+3.7%)
3% more funds holding
Funds holding: 75 → 77 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$14.7M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$6.09M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$4.89M |
| 4 |
Millennium Management
New York
|
+$1.09M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$977K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.04M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$894K |
| 3 |
AIA
Avalon Investment & Advisory
Houston,
Texas
|
-$552K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$440K |
| 5 |
LPL Financial
San Diego,
California
|
-$427K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WB
76
Webster Bank
Waterbury,
Connecticut
| $7K | – | – | – |
|
|
AIM
77
Anchor Investment Management
Columbia,
South Carolina
| $6.31K | – | – | – |
|
|
WEC
78
Winslow Evans & Crocker
Boston,
Massachusetts
| $5.31K | +$15 | +1 | +0.3% |
|
|
CFA
79
Carroll Financial Associates
Charlotte,
North Carolina
| $5K | – | – | – |
|
80
Northern Trust
Chicago,
Illinois
| $2K | – | – | – |
|
|
AIA
81
Avalon Investment & Advisory
Houston,
Texas
| – | -$552K | -36,371 | Closed |
|
82
Stifel Financial
St. Louis,
Missouri
| – | -$256K | -16,850 | Closed |
|
|
DADC
83
D.A. Davidson & Co
Great Falls,
Montana
| – | -$14K | -962 | Closed |
|
|
OIA
84
OneDigital Investment Advisors
Overland Park,
Kansas
| – | -$7K | -433 | Closed |
|
|
CFG
85
Citizens Financial Group
Providence,
Rhode Island
| – | -$6K | -400 | Closed |
|
IIM Hedge Fund Activity: Q3 2017 in Review
77 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2017, worth a combined $90.9M — up 39% from $65.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new IIM positions and 5 closed out — a net gain of 4 holders — while 33 added to existing stakes and 13 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $14.7M. The largest seller was Morgan Stanley, cutting an estimated $2.04M.
- 77 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2017, up from 75 in Q2 2017.
- Funds reported $90.9M of Invesco Value Municipal Income Trust stock for Q3 2017, up 39% quarter-over-quarter.
- 9 funds opened new Invesco Value Municipal Income Trust positions in Q3 2017 and 5 closed out, a net change of +4 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q3 2017 was Karpus Investment Management, an estimated $14.7M added.
- The largest Invesco Value Municipal Income Trust seller in Q3 2017 was Morgan Stanley, an estimated $2.04M sold.
Based on aggregated 13F filings for Q3 2017.