Invesco Value Municipal Income Trust
IIM
95 hedge funds and large institutions have $138M invested in Invesco Value Municipal Income Trust in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 28 increasing their positions, 30 reducing their positions, and 9 closing their positions.
0.9% less ownership
Funds ownership: 20.87% → 19.96% (-0.9%)
3% less capital invested
Capital invested by funds: $142M → $138M (-$4.24M)
7% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 30
3% less funds holding
Funds holding: 98 → 95 (-3)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.3M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.04M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$630K |
| 4 |
Morgan Stanley
New York
|
+$549K |
| 5 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$545K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$4.46M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.46M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.5M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.18M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$834K |
IIM Hedge Fund Activity: Q3 2020 in Review
95 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2020, worth a combined $138M — down 3% from $142M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of IIM and 7 opened new positions — a net loss of 2 holders — while 30 trimmed existing stakes and 28 added.
The largest buyer was Karpus Investment Management, adding an estimated $2.3M. The largest seller was Robinson Capital Management, cutting an estimated $4.46M.
- 95 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2020, down from 98 in Q2 2020.
- Funds reported $138M of Invesco Value Municipal Income Trust stock for Q3 2020, down 3% quarter-over-quarter.
- 7 funds opened new Invesco Value Municipal Income Trust positions in Q3 2020 and 9 closed out, a net change of -2 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q3 2020 was Karpus Investment Management, an estimated $2.3M added.
- The largest Invesco Value Municipal Income Trust seller in Q3 2020 was Robinson Capital Management, an estimated $4.46M sold.
Based on aggregated 13F filings for Q3 2020.