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Invesco Value Municipal Income Trust
IIM

86 hedge funds and large institutions have $101M invested in Invesco Value Municipal Income Trust in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 24

0.37% less ownership

Funds ownership: 18.14% → 17.77% (-0.37%)

1% less capital invested

Capital invested by funds: $102M → $101M (-$1.48M)

12% less funds holding

Funds holding: 98 → 86 (-12)

50% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 20

Holders
86
Holders Change
-12
Holders Change %
-12.24%
% of All Funds
1.37%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
27
Reduced
24
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$2.2M
2
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$852K
3
UBS Group
UBS Group
Switzerland
+$743K
4
KAS
Kestra Advisory Services
Texas
+$683K
5
VanEck Associates
VanEck Associates
New York
+$587K

Top Sellers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
-$2.15M
2
Morgan Stanley
Morgan Stanley
New York
-$1.71M
3
Bank of America
Bank of America
North Carolina
-$965K
4
WAM
Weiss Asset Management
Massachusetts
-$722K
5
RCM
Robinson Capital Management
Michigan
-$674K
Name Holding Trade Value Shares
Change 		Change in
Stake
TWM
76
Tradition Wealth Management
Minnesota
$6K – – –
ASN
77
Advisory Services Network
Georgia
$5.77K -$25 -2 -0.4%
BCMLT
78
Beacon Capital Management LLC (Tennessee)
Tennessee
$5.45K +$12 +1 +0.2%
AIM
79
Anchor Investment Management
South Carolina
$5.15K – – –
FP
80
Financial Perspectives
Minnesota
$3.89K – – –
IRC
81
Investors Research Corp
Georgia
$3.34K – – –
S
82
SignatureFD
Georgia
$2.45K – – –
KA
83
Kozak & Associates
Colorado
$2.26K +$25 +2 +1%
Commonwealth Equity Services
84
Commonwealth Equity Services
Massachusetts
$1.43K +$65.4K +5,337 +5%
Fidelity Investments
85
Fidelity Investments
Massachusetts
$12 +$12 +1 New
PCM
86
Penserra Capital Management
California
– -$2.15M -178,073 Closed
WAM
87
Weiss Asset Management
Massachusetts
– -$722K -59,944 Closed
Envestnet Asset Management
88
Envestnet Asset Management
Illinois
– -$343K -28,439 Closed
PCM
89
Prelude Capital Management
New York
– -$336K -27,890 Closed
OFG
90
OTA Financial Group
New York
– -$320K -26,613 Closed
Goldman Sachs
91
Goldman Sachs
New York
– -$285K -23,613 Closed
STA
92
Summit Trail Advisors
New York
– -$246K -20,412 Closed
AC
93
Aristides Capital
Kentucky
– -$239K -19,815 Closed
PAS
94
Park Avenue Securities
New York
– -$229K -18,977 Closed
DADC
95
D.A. Davidson & Co
Montana
– -$167K -13,858 Closed
Koshinski Asset Management
96
Koshinski Asset Management
Illinois
– -$155K -12,847 Closed
Jane Street
97
Jane Street
New York
– -$131K -10,854 Closed
RPCA
98
Running Point Capital Advisors
California
– -$121K -10,000 Closed
AWM
99
Avior Wealth Management
Nebraska
– -$96.4K -8,000 Closed
MCC
100
Money Concepts Capital
Florida
– -$80.1K -6,650 Closed
1 2 3
4
5

IIM Hedge Fund Activity: Q1 2023 in Review

86 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2023, worth a combined $101M — down 1.5% from $102M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of IIM and 10 opened new positions — a net loss of 10 holders — while 24 trimmed existing stakes and 27 added.

The largest buyer was Guggenheim Capital, adding an estimated $2.2M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $2.15M sold.

  • 86 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2023, down from 98 in Q4 2022.
  • Funds reported $101M of Invesco Value Municipal Income Trust stock for Q1 2023, down 1.5% quarter-over-quarter.
  • 10 funds opened new Invesco Value Municipal Income Trust positions in Q1 2023 and 20 closed out, a net change of -10 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q1 2023 was Guggenheim Capital, an estimated $2.2M added.
  • The largest Invesco Value Municipal Income Trust seller in Q1 2023 was Penserra Capital Management, an estimated $2.15M sold.

Based on aggregated 13F filings for Q1 2023.