Invesco Value Municipal Income Trust
IIM
98 hedge funds and large institutions have $102M invested in Invesco Value Municipal Income Trust in 2022 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 13 closing their positions.
69% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 13
48% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 21
24% more capital invested
Capital invested by funds: $82.4M → $102M (+$19.7M)
8% more funds holding
Funds holding: 91 → 98 (+7)
2.94% more ownership
Funds ownership: 15.2% → 18.14% (+2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$7.66M |
| 2 |
Morgan Stanley
New York
|
+$2.65M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.73M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.57M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$3.05M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$1.85M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$743K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$485K |
| 5 |
CWM
Chemistry Wealth Management
New York
|
-$441K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CIA
101
Choate Investment Advisors
Boston,
Massachusetts
| – | -$147K | -12,800 | Closed |
|
|
AA
102
AlphaCentric Advisors
San Juan,
Puerto Rico
| – | -$147K | -12,755 | Closed |
|
|
WHCI
103
W.H. Cornerstone Investments
Kingston,
Massachusetts
| – | -$136K | -11,813 | Closed |
|
|
BRWA
104
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$130K | -11,237 | Closed |
|
105
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$122K | -10,566 | Closed |
|
|
MC
106
Moors & Cabot
Boston,
Massachusetts
| – | -$118K | -10,289 | Closed |
|
107
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$80K | -6,912 | Closed |
|
|
PA
108
Parallel Advisors
San Francisco,
California
| – | -$38K | -3,275 | Closed |
|
|
IA
109
IFP Advisors
Tampa,
Florida
| – | -$10K | -760 | Closed |
|
|
FEG
110
Financial Enhancement Group
Anderson,
Indiana
| – | -$8K | -667 | Closed |
|
IIM Hedge Fund Activity: Q4 2022 in Review
98 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2022, worth a combined $102M — up 24% from $82.4M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new IIM positions and 13 closed out — a net gain of 9 holders — while 31 added to existing stakes and 21 trimmed.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $7.66M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $3.05M.
- 98 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2022, up from 91 in Q3 2022.
- Funds reported $102M of Invesco Value Municipal Income Trust stock for Q4 2022, up 24% quarter-over-quarter.
- 22 funds opened new Invesco Value Municipal Income Trust positions in Q4 2022 and 13 closed out, a net change of +9 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q4 2022 was Fiera Capital (Canada), an estimated $7.66M added.
- The largest Invesco Value Municipal Income Trust seller in Q4 2022 was Raymond James Financial Services Advisors, an estimated $3.05M sold.
Based on aggregated 13F filings for Q4 2022.