Invesco Value Municipal Income Trust
IIM
95 hedge funds and large institutions have $124M invested in Invesco Value Municipal Income Trust in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 31 increasing their positions, 18 reducing their positions, and 16 closing their positions.
72% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 18
44% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 16
33% more capital invested
Capital invested by funds: $93.5M → $124M (+$30.8M)
7% more funds holding
Funds holding: 89 → 95 (+6)
3.44% more ownership
Funds ownership: 19.09% → 22.53% (+3.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.22M |
| 2 |
Morgan Stanley
New York
|
+$4.92M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$3.85M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3.63M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$2.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$7.87M |
| 2 |
LPL Financial
San Diego,
California
|
-$753K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$717K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$626K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$509K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SQA
101
Simon Quick Advisors
Morristown,
New Jersey
| – | -$172K | -16,507 | Closed |
|
|
CWM
102
Chemistry Wealth Management
New York
| – | -$167K | -16,055 | Closed |
|
103
HighTower Advisors
Chicago,
Illinois
| – | -$160K | -15,375 | Closed |
|
104
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$160K | -15,349 | Closed |
|
|
LNWWM
105
Laird Norton Wetherby Wealth Management
San Francisco,
California
| – | -$157K | -15,090 | Closed |
|
|
AA
106
Ancora Advisors
Cleveland,
Ohio
| – | -$156K | -15,000 | Closed |
|
|
MNBTD
107
Moody National Bank Trust Division
Galveston,
Texas
| – | -$154K | -14,811 | Closed |
|
|
STA
108
Summit Trail Advisors
New York
| – | -$132K | -12,667 | Closed |
|
|
FIA
109
FNY Investment Advisers
New York
| – | -$78K | -7,507 | Closed |
|
|
UB
110
UMB Bank
Kansas City,
Missouri
| – | -$34K | -3,267 | Closed |
|
|
MA
111
Montag & Associates
Atlanta,
Georgia
| – | -$31.4K | -3,018 | Closed |
|
IIM Hedge Fund Activity: Q4 2023 in Review
95 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2023, worth a combined $124M — up 33% from $93.5M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new IIM positions and 16 closed out — a net gain of 7 holders — while 31 added to existing stakes and 18 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $5.22M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $7.87M sold.
- 95 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2023, up from 89 in Q3 2023.
- Funds reported $124M of Invesco Value Municipal Income Trust stock for Q4 2023, up 33% quarter-over-quarter.
- 23 funds opened new Invesco Value Municipal Income Trust positions in Q4 2023 and 16 closed out, a net change of +7 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q4 2023 was Rivernorth Capital Management, an estimated $5.22M added.
- The largest Invesco Value Municipal Income Trust seller in Q4 2023 was Fiera Capital (Canada), an estimated $7.87M sold.
Based on aggregated 13F filings for Q4 2023.