Invesco Value Municipal Income Trust
IIM
87 hedge funds and large institutions have $119M invested in Invesco Value Municipal Income Trust in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 14 closing their positions.
0.95% less ownership
Funds ownership: 19.14% → 18.19% (-0.95%)
4% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 23
5% less funds holding
Funds holding: 92 → 87 (-5)
7% less capital invested
Capital invested by funds: $127M → $119M (-$8.69M)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.54M |
| 2 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
+$1.73M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.7M |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$1.18M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$947K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$7.22M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.04M |
| 3 |
SG Americas Securities
New York
|
-$955K |
| 4 |
6M
6 Meridian
Wichita,
Kansas
|
-$883K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$567K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
APA
101
American Portfolios Advisors
Holbrook,
New York
| – | -$2.12K | -150 | Closed |
|
|
RFA
102
Reilly Financial Advisors
La Mesa,
California
| – | -$1K | -100 | Closed |
|
103
Fidelity Investments
Boston,
Massachusetts
| – | +$14 | +1 | New |
|
IIM Hedge Fund Activity: Q3 2018 in Review
87 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2018, worth a combined $119M — down 6.8% from $127M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of IIM and 9 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 22 added.
The largest buyer was Wells Fargo, adding an estimated $3.54M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $7.22M sold.
- 87 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2018, down from 92 in Q2 2018.
- Funds reported $119M of Invesco Value Municipal Income Trust stock for Q3 2018, down 6.8% quarter-over-quarter.
- 9 funds opened new Invesco Value Municipal Income Trust positions in Q3 2018 and 14 closed out, a net change of -5 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q3 2018 was Wells Fargo, an estimated $3.54M added.
- The largest Invesco Value Municipal Income Trust seller in Q3 2018 was Laurion Capital Management, an estimated $7.22M sold.
Based on aggregated 13F filings for Q3 2018.