Invesco Value Municipal Income Trust
IIM
98 hedge funds and large institutions have $142M invested in Invesco Value Municipal Income Trust in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 32 increasing their positions, 30 reducing their positions, and 14 closing their positions.
19% more capital invested
Capital invested by funds: $119M → $142M (+$23.2M)
2.93% more ownership
Funds ownership: 17.93% → 20.87% (+2.9%)
7% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 30
4% less funds holding
Funds holding: 102 → 98 (-4)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.83M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$8.43M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.1M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.7M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$571K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$5.16M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.06M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$544K |
| 4 |
PWS
Private Wealth Strategies
New Albany,
Ohio
|
-$506K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$329K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ICM
101
Ionic Capital Management
New York
| – | -$200K | -14,162 | Closed |
|
|
APW
102
Aurora Private Wealth
Rockaway,
New Jersey
| – | -$200K | -14,160 | Closed |
|
103
Jane Street
New York
| – | -$172K | -12,194 | Closed |
|
|
BF
104
BOK Financial
Tulsa,
Oklahoma
| – | -$167K | -11,791 | Closed |
|
|
FIA
105
FNY Investment Advisers
New York
| – | -$165K | -11,738 | Closed |
|
|
CRC
106
Curi RMB Capital
Chicago,
Illinois
| – | -$148K | -10,461 | Closed |
|
|
ASN
107
Advisory Services Network
Atlanta,
Georgia
| – | -$61K | -4,280 | Closed |
|
|
IAS
108
IMA Advisory Services
Denver,
Colorado
| – | -$59K | -4,180 | Closed |
|
|
MFT
109
Moisand Fitzgerald Tamayo
Orlando,
Florida
| – | -$51K | -3,626 | Closed |
|
|
AF
110
Allworth Financial
Folsom,
California
| – | -$44K | -3,129 | Closed |
|
|
WAP
111
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | -$42K | -3,000 | Closed |
|
|
DWM
112
Darwin Wealth Management
Tampa,
Florida
| – | -$20K | -1,473 | Closed |
|
113
Fidelity Investments
Boston,
Massachusetts
| – | -$28 | -2 | -67% |
|
IIM Hedge Fund Activity: Q2 2020 in Review
98 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2020, worth a combined $142M — up 19% from $119M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of IIM and 10 opened new positions — a net loss of 4 holders — while 30 trimmed existing stakes and 32 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $9.83M. The largest seller was Oaktree Capital Management, exiting entirely with an estimated $5.16M sold.
- 98 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2020, down from 102 in Q1 2020.
- Funds reported $142M of Invesco Value Municipal Income Trust stock for Q2 2020, up 19% quarter-over-quarter.
- 10 funds opened new Invesco Value Municipal Income Trust positions in Q2 2020 and 14 closed out, a net change of -4 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q2 2020 was Rivernorth Capital Management, an estimated $9.83M added.
- The largest Invesco Value Municipal Income Trust seller in Q2 2020 was Oaktree Capital Management, an estimated $5.16M sold.
Based on aggregated 13F filings for Q2 2020.