Invesco Value Municipal Income Trust
IIM
58 hedge funds and large institutions have $32.6M invested in Invesco Value Municipal Income Trust in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 12 closing their positions.
1.33% less ownership
Funds ownership: 5.81% → 4.49% (-1.3%)
9% less funds holding
Funds holding: 64 → 58 (-6)
17% less capital invested
Capital invested by funds: $39.4M → $32.6M (-$6.82M)
19% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 21
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$635K |
| 2 |
Morgan Stanley
New York
|
+$593K |
| 3 |
LPL Financial
San Diego,
California
|
+$429K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$420K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$381K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$3.69M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.53M |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$2.29M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.11M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$643K |
IIM Hedge Fund Activity: Q3 2015 in Review
58 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2015, worth a combined $32.6M — down 17% from $39.4M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of IIM and 6 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 17 added.
The largest buyer was Raymond James & Associates, adding an estimated $635K. The largest seller was Curi RMB Capital, exiting entirely with an estimated $3.69M sold.
- 58 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2015, down from 64 in Q2 2015.
- Funds reported $32.6M of Invesco Value Municipal Income Trust stock for Q3 2015, down 17% quarter-over-quarter.
- 6 funds opened new Invesco Value Municipal Income Trust positions in Q3 2015 and 12 closed out, a net change of -6 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q3 2015 was Raymond James & Associates, an estimated $635K added.
- The largest Invesco Value Municipal Income Trust seller in Q3 2015 was Curi RMB Capital, an estimated $3.69M sold.
Based on aggregated 13F filings for Q3 2015.