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Invesco Value Municipal Income Trust
IIM

95 hedge funds and large institutions have $124M invested in Invesco Value Municipal Income Trust in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 31 increasing their positions, 18 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

72% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 18

44% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 16

33% more capital invested

Capital invested by funds: $93.5M → $124M (+$30.8M)

7% more funds holding

Funds holding: 89 → 95 (+6)

3.44% more ownership

Funds ownership: 19.09% → 22.53% (+3.4%)

Holders
95
Holders Change
+6
Holders Change %
+6.74%
% of All Funds
1.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
31
Reduced
18
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$5.22M
2
Morgan Stanley
Morgan Stanley
New York
+$4.92M
3
LSC
Logan Stone Capital
Illinois
+$3.85M
4
RCM
Robinson Capital Management
Michigan
+$3.63M
5
UBS Group
UBS Group
Switzerland
+$2.52M

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$7.87M
2
LPL Financial
LPL Financial
California
-$753K
3
SIA
Sit Investment Associates
Minnesota
-$717K
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$626K
5
Osaic Holdings
Osaic Holdings
Arizona
-$509K
Name Holding Trade Value Shares
Change 		Change in
Stake
SAM
76
S.A. Mason
Michigan
$46.1K +$43K +3,929 New
HCM
77
Highlander Capital Management
New Jersey
$41.1K – – –
MRCM
78
M&R Capital Management
New Jersey
$38.7K -$12K -1,100 -25%
SWM
79
Sugarloaf Wealth Management
Georgia
$22.9K +$252 +23 +1%
SPIA
80
Steward Partners Investment Advisory
New York
$16.1K -$3.66K -334 -20%
GRP
81
Global Retirement Partners
California
$11.6K – – –
MIM
82
Macroview Investment Management
Maryland
$8.15K – – –
FHA
83
First Horizon Advisors
Tennessee
$7.04K – – –
AF
84
Allworth Financial
California
$6.45K +$6.02K +550 New
BWM
85
Baystate Wealth Management
Massachusetts
$5.91K +$5.51K +503 New
PS
86
Planned Solutions
California
$5.44K +$5.08K +464 New
CT
87
Cambridge Trust
Massachusetts
$5.28K +$4.93K +450 New
AIM
88
Anchor Investment Management
South Carolina
$4.95K – – –
JP Morgan Chase
89
JP Morgan Chase
New York
$4.67K – – –
BCMLT
90
Beacon Capital Management LLC (Tennessee)
Tennessee
$4.15K -$536 -49 -11%
FP
91
Financial Perspectives
Minnesota
$3.74K – – –
IRC
92
Investors Research Corp
Georgia
$3.21K – – –
S
93
SignatureFD
Georgia
$2.36K – – –
KA
94
Kozak & Associates
Colorado
$2.24K +$33 +3 +2%
TRCT
95
Tower Research Capital (TRC)
New York
$129 -$120 -11 -50%
Fiera Capital (Canada)
96
Fiera Capital (Canada)
Quebec, Canada
– -$7.87M -756,638 Closed
Bank of Montreal
97
Bank of Montreal
Ontario, Canada
– -$626K -48,721 Closed
Truist Financial
98
Truist Financial
North Carolina
– -$223K -21,422 Closed
Susquehanna International Group
99
Susquehanna International Group
Pennsylvania
– -$183K -17,603 Closed
Janney Montgomery Scott
100
Janney Montgomery Scott
Pennsylvania
– -$182K -17,513 Closed
1 2 3
4
5

IIM Hedge Fund Activity: Q4 2023 in Review

95 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2023, worth a combined $124M — up 33% from $93.5M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new IIM positions and 16 closed out — a net gain of 7 holders — while 31 added to existing stakes and 18 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $5.22M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $7.87M sold.

  • 95 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2023, up from 89 in Q3 2023.
  • Funds reported $124M of Invesco Value Municipal Income Trust stock for Q4 2023, up 33% quarter-over-quarter.
  • 23 funds opened new Invesco Value Municipal Income Trust positions in Q4 2023 and 16 closed out, a net change of +7 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q4 2023 was Rivernorth Capital Management, an estimated $5.22M added.
  • The largest Invesco Value Municipal Income Trust seller in Q4 2023 was Fiera Capital (Canada), an estimated $7.87M sold.

Based on aggregated 13F filings for Q4 2023.