Invesco Value Municipal Income Trust
IIM
60 hedge funds and large institutions have $45.1M invested in Invesco Value Municipal Income Trust in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 21 increasing their positions, 15 reducing their positions, and 6 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 15
1% more capital invested
Capital invested by funds: $44.8M → $45.1M (+$278K)
0.24% more ownership
Funds ownership: 5.32% → 5.55% (+0.24%)
2% less funds holding
Funds holding: 61 → 60 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.38M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$1.07M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$603K |
| 4 |
Morgan Stanley
New York
|
+$369K |
| 5 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
+$271K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$625K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$505K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$479K |
| 4 |
GCM
Gruss Capital Management
New York
|
-$452K |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$359K |
IIM Hedge Fund Activity: Q2 2014 in Review
60 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2014, worth a combined $45.1M — up 0.62% from $44.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of IIM and 5 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 21 added.
The largest buyer was Bank of America, adding an estimated $1.38M. The largest seller was Guggenheim Capital, exiting entirely with an estimated $625K sold.
- 60 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2014, down from 61 in Q1 2014.
- Funds reported $45.1M of Invesco Value Municipal Income Trust stock for Q2 2014, up 0.62% quarter-over-quarter.
- 5 funds opened new Invesco Value Municipal Income Trust positions in Q2 2014 and 6 closed out, a net change of -1 holder.
- The largest Invesco Value Municipal Income Trust buyer in Q2 2014 was Bank of America, an estimated $1.38M added.
- The largest Invesco Value Municipal Income Trust seller in Q2 2014 was Guggenheim Capital, an estimated $625K sold.
Based on aggregated 13F filings for Q2 2014.