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Invesco Value Municipal Income Trust
IIM

95 hedge funds and large institutions have $138M invested in Invesco Value Municipal Income Trust in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 28 increasing their positions, 30 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.9% less ownership

Funds ownership: 20.87% → 19.96% (-0.9%)

3% less capital invested

Capital invested by funds: $142M → $138M (-$4.24M)

7% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 30

3% less funds holding

Funds holding: 98 → 95 (-3)

22% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 9

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
95
Holders Change
-3
Holders Change %
-3.06%
% of All Funds
1.92%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
7
Increased
28
Reduced
30
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$2.3M
2
PPA
Parametric Portfolio Associates
Washington
+$1.04M
3
UBS Group
UBS Group
Switzerland
+$630K
4
Morgan Stanley
Morgan Stanley
New York
+$549K
5
AAS
Avantax Advisory Services
Texas
+$545K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$4.46M
2
RCM
Rivernorth Capital Management
Florida
-$2.46M
3
AA
AQR Arbitrage
Connecticut
-$1.5M
4
SIA
Sit Investment Associates
Minnesota
-$1.18M
5
Bank of America
Bank of America
North Carolina
-$834K
Name Holding Trade Value Shares
Change 		Change in
Stake
TRCT
76
Tower Research Capital (TRC)
New York
$19K +$18.9K +1,264 New
Fidelity Investments
77
Fidelity Investments
Massachusetts
$17K +$17K +1,139 +113,900%
JP Morgan Chase
78
JP Morgan Chase
New York
$14K – – –
MIM
79
Macroview Investment Management
Maryland
$10K -$6.11K -410 -37%
EIP
80
Ellis Investment Partners
Pennsylvania
$8K +$89 +6 +1%
TCM
81
Tradewinds Capital Management
Washington
$7K +$75 +5 +1%
AIM
82
Anchor Investment Management
South Carolina
$6.21K – – –
EWM
83
Edge Wealth Management
New York
$6K -$17.4K -1,165 -74%
PAM
84
Panagora Asset Management
Massachusetts
$6K – – –
Carson Wealth (CWM LLC)
85
Carson Wealth (CWM LLC)
Nebraska
$5K – – –
FHA
86
Flagship Harbor Advisors
Massachusetts
$4K – – –
IRC
87
Investors Research Corp
Georgia
$4K – – –
PFO
88
Pathstone Family Office
New Jersey
$3K -$2.86K -192 -50%
S
89
SignatureFD
Georgia
$3K – – –
WEC
90
Winslow Evans & Crocker
Massachusetts
$3K – – –
VFA
91
Valeo Financial Advisors
Indiana
$2K -$5.71K -383 -71%
Citigroup
92
Citigroup
New York
$2K -$4.47K -300 -64%
Northern Trust
93
Northern Trust
Illinois
$2K +$234K +15,677 New
SWA
94
Sutton Wealth Advisors
Florida
$1.47K – – –
Koshinski Asset Management
95
Koshinski Asset Management
Illinois
$249 -$29K -1,944 -10%
FCA
96
FinTrust Capital Advisors
South Carolina
$3 – – –
Susquehanna International Group
97
Susquehanna International Group
Pennsylvania
– -$521K -36,075 Closed
LCM
98
Landscape Capital Management
New Jersey
– -$332K -22,950 Closed
SEI Investments
99
SEI Investments
Pennsylvania
– -$165K -11,386 Closed
OPS
100
Orion Portfolio Solutions
Nebraska
– -$58K -4,036 Closed
1 2 3
4
5

IIM Hedge Fund Activity: Q3 2020 in Review

95 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2020, worth a combined $138M — down 3% from $142M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of IIM and 7 opened new positions — a net loss of 2 holders — while 30 trimmed existing stakes and 28 added.

The largest buyer was Karpus Investment Management, adding an estimated $2.3M. The largest seller was Robinson Capital Management, cutting an estimated $4.46M.

  • 95 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2020, down from 98 in Q2 2020.
  • Funds reported $138M of Invesco Value Municipal Income Trust stock for Q3 2020, down 3% quarter-over-quarter.
  • 7 funds opened new Invesco Value Municipal Income Trust positions in Q3 2020 and 9 closed out, a net change of -2 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q3 2020 was Karpus Investment Management, an estimated $2.3M added.
  • The largest Invesco Value Municipal Income Trust seller in Q3 2020 was Robinson Capital Management, an estimated $4.46M sold.

Based on aggregated 13F filings for Q3 2020.