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Invesco Value Municipal Income Trust
IIM

102 hedge funds and large institutions have $119M invested in Invesco Value Municipal Income Trust in 2020 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 8

63% more capital invested

Capital invested by funds: $73.1M → $119M (+$45.9M)

48% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 21

13% more funds holding

Funds holding: 90 → 102 (+12)

7.39% more ownership

Funds ownership: 10.54% → 17.93% (+7.4%)

Holders
102
Holders Change
+12
Holders Change %
+13.33%
% of All Funds
2.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
31
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$35.7M
2
RCM
Rivernorth Capital Management
Florida
+$8.48M
3
OCM
Oaktree Capital Management
California
+$5.53M
4
AA
AQR Arbitrage
Connecticut
+$2.33M
5
RCM
Robinson Capital Management
Michigan
+$2.29M

Top Sellers

Rank Fund Capital Flow
1
WQ
Wealth Quarterback
New Jersey
-$3.38M
2
PPA
Parametric Portfolio Associates
Washington
-$2.28M
3
Morgan Stanley
Morgan Stanley
New York
-$1.62M
4
WWM
Western Wealth Management
Colorado
-$1.41M
5
PFO
Pathstone Family Office
New Jersey
-$661K
Name Holding Trade Value Shares
Change 		Change in
Stake
ASN
76
Advisory Services Network
Georgia
$61K +$18.8K +1,243 +41%
SWM
77
Sugarloaf Wealth Management
Georgia
$60K +$91 +6 +0.1%
IAS
78
IMA Advisory Services
Colorado
$59K – – –
SSB
79
Sandy Spring Bank
Maryland
$57K -$18.2K -1,200 -23%
OPS
80
Orion Portfolio Solutions
Nebraska
$57K +$61.5K +4,063 New
MFT
81
Moisand Fitzgerald Tamayo
Florida
$51K – – –
AF
82
Allworth Financial
California
$44K +$545 +36 +1%
WAP
83
Wealthcare Advisory Partners
Pennsylvania
$42K +$45.4K +3,000 New
GWM
84
Geneos Wealth Management
Colorado
$40K -$469 -31 -1%
MIM
85
Macroview Investment Management
Maryland
$30K -$13.1K -865 -29%
GWMIA
86
Global Wealth Management Investment Advisory
Florida
$24K – – –
FWM
87
FSA Wealth Management
Massachusetts
$20K – – –
DWM
88
Darwin Wealth Management
Florida
$20K +$22.3K +1,473 New
FHA
89
Flagship Harbor Advisors
Massachusetts
$17K -$98.8K -6,527 -85%
JP Morgan Chase
90
JP Morgan Chase
New York
$13K +$3.06K +202 +28%
Citigroup
91
Citigroup
New York
$7K -$106K -7,000 -94%
EIP
92
Ellis Investment Partners
Pennsylvania
$7K +$91 +6 +1%
TCM
93
Tradewinds Capital Management
Washington
$7K +$91 +6 +1%
PAM
94
Panagora Asset Management
Massachusetts
$6K +$6.59K +435 New
AIM
95
Anchor Investment Management
South Carolina
$5.97K – – –
Carson Wealth (CWM LLC)
96
Carson Wealth (CWM LLC)
Nebraska
$5K – – –
IRC
97
Investors Research Corp
Georgia
$4K – – –
WEC
98
Winslow Evans & Crocker
Massachusetts
$4K – – –
S
99
SignatureFD
Georgia
$3K – – –
FCA
100
FinTrust Capital Advisors
South Carolina
$2K – – –
1 2 3
4
5

IIM Hedge Fund Activity: Q1 2020 in Review

102 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2020, worth a combined $119M — up 63% from $73.1M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new IIM positions and 8 closed out — a net gain of 15 holders — while 31 added to existing stakes and 21 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $35.7M. The largest seller was Wealth Quarterback, cutting an estimated $3.38M.

  • 102 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2020, up from 90 in Q4 2019.
  • Funds reported $119M of Invesco Value Municipal Income Trust stock for Q1 2020, up 63% quarter-over-quarter.
  • 23 funds opened new Invesco Value Municipal Income Trust positions in Q1 2020 and 8 closed out, a net change of +15 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q1 2020 was Karpus Investment Management, an estimated $35.7M added.
  • The largest Invesco Value Municipal Income Trust seller in Q1 2020 was Wealth Quarterback, an estimated $3.38M sold.

Based on aggregated 13F filings for Q1 2020.