Invesco Value Municipal Income Trust
IIM
58 hedge funds and large institutions have $44M invested in Invesco Value Municipal Income Trust in 2013 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 18 reducing their positions, and 18 closing their positions.
30% more capital inflows, than outflows
Capital inflows: $11.4M | Capital outflows: $8.77M
6% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 18
0.44% more ownership
Funds ownership: 6.48% → 6.92% (+0.44%)
6% less funds holding
Funds holding: 62 → 58 (-4)
22% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fir Tree Capital Management
New York
|
+$2.18M |
| 2 |
Goldman Sachs
New York
|
+$2.13M |
| 3 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.4M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$541K |
| 5 |
Richard C. Young & Co
Newport,
Rhode Island
|
+$488K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.51M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.32M |
| 3 |
Visium Asset Management
New York
|
-$789K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$617K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$439K |
IIM Hedge Fund Activity: Q3 2013 in Review
58 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2013, worth a combined $44M — up 1.4% from $43.4M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of IIM and 14 opened new positions — a net loss of 4 holders — while 18 trimmed existing stakes and 19 added.
The largest buyer was Fir Tree Capital Management, opening a new position worth an estimated $2.18M. The largest seller was Commonwealth Equity Services, cutting an estimated $1.51M.
- 58 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2013, down from 62 in Q2 2013.
- Funds reported $44M of Invesco Value Municipal Income Trust stock for Q3 2013, up 1.4% quarter-over-quarter.
- 14 funds opened new Invesco Value Municipal Income Trust positions in Q3 2013 and 18 closed out, a net change of -4 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q3 2013 was Fir Tree Capital Management, an estimated $2.18M added.
- The largest Invesco Value Municipal Income Trust seller in Q3 2013 was Commonwealth Equity Services, an estimated $1.51M sold.
Based on aggregated 13F filings for Q3 2013.