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Invesco Value Municipal Income Trust
IIM

86 hedge funds and large institutions have $71.7M invested in Invesco Value Municipal Income Trust in 2019 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 15

4% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 23

2% less funds holding

Funds holding: 88 → 86 (-2)

4.95% less ownership

Funds ownership: 15.58% → 10.63% (-5%)

28% less capital invested

Capital invested by funds: $99.1M → $71.7M (-$27.4M)

Holders
86
Holders Change
-2
Holders Change %
-2.27%
% of All Funds
1.86%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
22
Reduced
23
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$4.21M
2
JP Morgan Chase
JP Morgan Chase
New York
+$1.1M
3
LPL Financial
LPL Financial
California
+$749K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$703K
5
PCP
Proficio Capital Partners
Massachusetts
+$661K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$12.4M
2
RCM
Rivernorth Capital Management
Florida
-$11.2M
3
KIM
Karpus Investment Management
New York
-$7.83M
4
RCM
Robinson Capital Management
Michigan
-$4.72M
5
LCM
Landscape Capital Management
New Jersey
-$1.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
76
Citigroup
New York
$7K – – –
TCM
77
Tradewinds Capital Management
Washington
$7K +$2.94K +205 +79%
AIM
78
Anchor Investment Management
South Carolina
$6.08K – – –
WEC
79
Winslow Evans & Crocker
Massachusetts
$6K – – –
Carson Wealth (CWM LLC)
80
Carson Wealth (CWM LLC)
Nebraska
$5K -$63K -4,389 -93%
FCA
81
FinTrust Capital Advisors
South Carolina
$5K – – –
IRC
82
Investors Research Corp
Georgia
$4K +$3.93K +274 New
S
83
SignatureFD
Georgia
$3K – – –
FNB
84
Farmers National Bank
Kentucky
$3K +$2.87K +200 New
SWA
85
Sutton Wealth Advisors
Florida
$1.44K +$1.43K +100 New
ACA
86
Ackerman Capital Advisors
Texas
$248 +$247K +17,218 New
Koshinski Asset Management
87
Koshinski Asset Management
Illinois
$173 +$172K +11,970 New
RCM
88
Rivernorth Capital Management
Florida
– -$11.2M -836,168 Closed
KIM
89
Karpus Investment Management
New York
– -$7.83M -578,840 Closed
AA
90
AQR Arbitrage
Connecticut
– -$1.19M -87,748 Closed
DWM
91
Dakota Wealth Management
Florida
– -$674K -49,099 Closed
SPC
92
Sigma Planning Corp
Michigan
– -$285K -21,049 Closed
WAM
93
Weiss Asset Management
Massachusetts
– -$239K -17,692 Closed
Susquehanna International Group
94
Susquehanna International Group
Pennsylvania
– -$147K -10,856 Closed
IA
95
IFP Advisors
Florida
– -$121K -9,000 Closed
THWM
96
Taylor Hoffman Wealth Management
Virginia
– -$56K -4,163 Closed
CA
97
Claro Advisors
Massachusetts
– -$42K -3,000 Closed
WT
98
Whittier Trust
California
– -$36K -2,685 Closed
FHA
99
First Horizon Advisors
Tennessee
– -$29K -2,116 Closed
LNB
100
Ledyard National Bank
– -$27K -2,000 Closed
1 2 3
4
5

IIM Hedge Fund Activity: Q1 2019 in Review

86 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2019, worth a combined $71.7M — down 28% from $99.1M a quarter earlier.

Fund positioning in IIM was balanced in Q1 2019: 15 funds opened new positions, 15 closed out, 22 added to existing stakes and 23 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $4.21M. The largest seller was Wells Fargo, cutting an estimated $12.4M.

  • 86 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2019, down from 88 in Q4 2018.
  • Funds reported $71.7M of Invesco Value Municipal Income Trust stock for Q1 2019, down 28% quarter-over-quarter.
  • 15 funds opened new Invesco Value Municipal Income Trust positions in Q1 2019 and 15 closed out, a net change of 0 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q1 2019 was Parametric Portfolio Associates, an estimated $4.21M added.
  • The largest Invesco Value Municipal Income Trust seller in Q1 2019 was Wells Fargo, an estimated $12.4M sold.

Based on aggregated 13F filings for Q1 2019.