Invesco Value Municipal Income Trust
IIM
80 hedge funds and large institutions have $118M invested in Invesco Value Municipal Income Trust in 2017 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 26 reducing their positions, and 11 closing their positions.
30% more capital invested
Capital invested by funds: $90.9M → $118M (+$27.3M)
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
3.95% more ownership
Funds ownership: 12.93% → 16.87% (+3.9%)
4% more funds holding
Funds holding: 77 → 80 (+3)
27% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 26
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$26.6M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$5.95M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.11M |
| 4 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$1.5M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$4.81M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$4.09M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.68M |
| 4 |
Millennium Management
New York
|
-$1.07M |
| 5 |
Morgan Stanley
New York
|
-$927K |
IIM Hedge Fund Activity: Q4 2017 in Review
80 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2017, worth a combined $118M — up 30% from $90.9M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new IIM positions and 11 closed out — a net gain of 3 holders — while 19 added to existing stakes and 26 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $26.6M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $4.81M sold.
- 80 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2017, up from 77 in Q3 2017.
- Funds reported $118M of Invesco Value Municipal Income Trust stock for Q4 2017, up 30% quarter-over-quarter.
- 14 funds opened new Invesco Value Municipal Income Trust positions in Q4 2017 and 11 closed out, a net change of +3 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q4 2017 was Karpus Investment Management, an estimated $26.6M added.
- The largest Invesco Value Municipal Income Trust seller in Q4 2017 was Laurion Capital Management, an estimated $4.81M sold.
Based on aggregated 13F filings for Q4 2017.