Invesco Value Municipal Income Trust
IIM
102 hedge funds and large institutions have $119M invested in Invesco Value Municipal Income Trust in 2020 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 8 closing their positions.
188% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 8
63% more capital invested
Capital invested by funds: $73.1M → $119M (+$45.9M)
48% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 21
13% more funds holding
Funds holding: 90 → 102 (+12)
7.39% more ownership
Funds ownership: 10.54% → 17.93% (+7.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$35.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.48M |
| 3 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$5.53M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$2.33M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WQ
Wealth Quarterback
Toms River,
New Jersey
|
-$3.38M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.28M |
| 3 |
Morgan Stanley
New York
|
-$1.62M |
| 4 |
WWM
Western Wealth Management
Golden,
Colorado
|
-$1.41M |
| 5 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
-$661K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VFA
101
Valeo Financial Advisors
Carmel,
Indiana
| $2K | +$2.36K | +156 | New |
|
|
SWA
102
Sutton Wealth Advisors
Tampa,
Florida
| $1.41K | – | – | – |
|
|
WWM
103
Western Wealth Management
Golden,
Colorado
| – | -$1.41M | -90,944 | Closed |
|
|
ACA
104
Ackerman Capital Advisors
Dallas,
Texas
| – | -$450K | -29,364 | Closed |
|
105
Envestnet Asset Management
Chicago,
Illinois
| – | -$253K | -16,511 | Closed |
|
106
Citadel Advisors
Miami,
Florida
| – | -$238K | -15,553 | Closed |
|
|
CAM
107
Cresset Asset Management
Chicago,
Illinois
| – | -$188K | -12,300 | Closed |
|
|
PFO
108
Pathstone Family Office
Englewood,
New Jersey
| – | -$661K | -4,315 | Closed |
|
|
BWM
109
Baystate Wealth Management
Boston,
Massachusetts
| – | -$35K | -2,259 | Closed |
|
|
EWM
110
EPG Wealth Management
Atlanta,
Georgia
| – | -$9K | -578 | Closed |
|
111
Fidelity Investments
Boston,
Massachusetts
| – | +$15 | +1 | +50% |
|
IIM Hedge Fund Activity: Q1 2020 in Review
102 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2020, worth a combined $119M — up 63% from $73.1M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new IIM positions and 8 closed out — a net gain of 15 holders — while 31 added to existing stakes and 21 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $35.7M. The largest seller was Wealth Quarterback, cutting an estimated $3.38M.
- 102 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2020, up from 90 in Q4 2019.
- Funds reported $119M of Invesco Value Municipal Income Trust stock for Q1 2020, up 63% quarter-over-quarter.
- 23 funds opened new Invesco Value Municipal Income Trust positions in Q1 2020 and 8 closed out, a net change of +15 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q1 2020 was Karpus Investment Management, an estimated $35.7M added.
- The largest Invesco Value Municipal Income Trust seller in Q1 2020 was Wealth Quarterback, an estimated $3.38M sold.
Based on aggregated 13F filings for Q1 2020.