Invesco Value Municipal Income Trust
IIM
92 hedge funds and large institutions have $127M invested in Invesco Value Municipal Income Trust in 2018 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 8 closing their positions.
125% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 8
20% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 20
13% more capital invested
Capital invested by funds: $112M → $127M (+$15.1M)
11% more funds holding
Funds holding: 83 → 92 (+9)
2.72% more ownership
Funds ownership: 16.43% → 19.14% (+2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$7.27M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3.64M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.34M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.54M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.33M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$606K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$446K |
| 4 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
-$297K |
| 5 |
FHA
Flagship Harbor Advisors
Boston,
Massachusetts
|
-$294K |
IIM Hedge Fund Activity: Q2 2018 in Review
92 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2018, worth a combined $127M — up 13% from $112M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new IIM positions and 8 closed out — a net gain of 10 holders — while 24 added to existing stakes and 20 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $7.27M. The largest seller was Karpus Investment Management, cutting an estimated $1.33M.
- 92 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2018, up from 83 in Q1 2018.
- Funds reported $127M of Invesco Value Municipal Income Trust stock for Q2 2018, up 13% quarter-over-quarter.
- 18 funds opened new Invesco Value Municipal Income Trust positions in Q2 2018 and 8 closed out, a net change of +10 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q2 2018 was Laurion Capital Management, an estimated $7.27M added.
- The largest Invesco Value Municipal Income Trust seller in Q2 2018 was Karpus Investment Management, an estimated $1.33M sold.
Based on aggregated 13F filings for Q2 2018.