Invesco Value Municipal Income Trust
IIM
60 hedge funds and large institutions have $41M invested in Invesco Value Municipal Income Trust in 2014 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 8 closing their positions.
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
0% more funds holding
Funds holding: 60 → 60 (0)
6% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 16
1.24% less ownership
Funds ownership: 6.28% → 5.04% (-1.2%)
19% less capital invested
Capital invested by funds: $50.4M → $41M (-$9.41M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.11M |
| 2 |
CA
Cetera Advisors
Denver,
Colorado
|
+$803K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$743K |
| 4 |
CM
Churchill Management
Los Angeles,
California
|
+$224K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$156K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$9.22M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$741K |
| 3 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
-$646K |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$458K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$445K |
IIM Hedge Fund Activity: Q4 2014 in Review
60 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2014, worth a combined $41M — down 19% from $50.4M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new IIM positions and 8 closed out — a net gain of 1 holder — while 15 added to existing stakes and 16 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $1.11M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $9.22M.
- 60 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2014, unchanged from Q3 2014.
- Funds reported $41M of Invesco Value Municipal Income Trust stock for Q4 2014, down 19% quarter-over-quarter.
- 9 funds opened new Invesco Value Municipal Income Trust positions in Q4 2014 and 8 closed out, a net change of +1 holder.
- The largest Invesco Value Municipal Income Trust buyer in Q4 2014 was Advisors Asset Management, an estimated $1.11M added.
- The largest Invesco Value Municipal Income Trust seller in Q4 2014 was Cambridge Investment Research Advisors, an estimated $9.22M sold.
Based on aggregated 13F filings for Q4 2014.