Invesco Value Municipal Income Trust
IIM
95 hedge funds and large institutions have $145M invested in Invesco Value Municipal Income Trust in 2020 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 32 increasing their positions, 19 reducing their positions, and 13 closing their positions.
68% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 19
5% more capital invested
Capital invested by funds: $138M → $145M (+$7.16M)
0% more funds holding
Funds holding: 95 → 95 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 13
0.27% less ownership
Funds ownership: 19.96% → 19.69% (-0.27%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.87M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.18M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.05M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$691K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$591K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7.36M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$758K |
| 3 |
Goldman Sachs
New York
|
-$591K |
| 4 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$513K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$385K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FAM
101
Formidable Asset Management
Cincinnati,
Ohio
| – | -$154K | -10,450 | Closed |
|
|
OWA
102
One Wealth Advisors
San Francisco,
California
| – | -$242K | -8,779 | Closed |
|
|
WAM
103
Wolverine Asset Management
Chicago,
Illinois
| – | -$87K | -5,982 | Closed |
|
|
TRCT
104
Tower Research Capital (TRC)
New York
| – | -$19K | -1,264 | Closed |
|
105
Fidelity Investments
Boston,
Massachusetts
| – | -$17K | -1,140 | Closed |
|
|
EIP
106
Ellis Investment Partners
Berwyn,
Pennsylvania
| – | -$8K | -554 | Closed |
|
|
EWM
107
Edge Wealth Management
New York
| – | -$6K | -400 | Closed |
|
|
FHA
108
Flagship Harbor Advisors
Boston,
Massachusetts
| – | -$4K | -274 | Closed |
|
|
FCA
109
FinTrust Capital Advisors
Greenville,
South Carolina
| – | -$3 | -170 | Closed |
|
IIM Hedge Fund Activity: Q4 2020 in Review
95 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2020, worth a combined $145M — up 5.2% from $138M a quarter earlier.
Fund positioning in IIM was balanced in Q4 2020: 13 funds opened new positions, 13 closed out, 32 added to existing stakes and 19 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.87M. The largest seller was Karpus Investment Management, cutting an estimated $7.36M.
- 95 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2020, unchanged from Q3 2020.
- Funds reported $145M of Invesco Value Municipal Income Trust stock for Q4 2020, up 5.2% quarter-over-quarter.
- 13 funds opened new Invesco Value Municipal Income Trust positions in Q4 2020 and 13 closed out, a net change of 0 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q4 2020 was Sit Investment Associates, an estimated $1.87M added.
- The largest Invesco Value Municipal Income Trust seller in Q4 2020 was Karpus Investment Management, an estimated $7.36M sold.
Based on aggregated 13F filings for Q4 2020.