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Invesco Value Municipal Income Trust

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.

New
Increased
Maintained
Reduced
Closed

1.33% less ownership

Funds ownership: 5.81%4.49% (-1.3%)

9% less funds holding

Funds holding: 6458 (-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

Holders
58
Holders Change
-6
Holders Change %
-9.38%
% of All Funds
1.62%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
6
Increased
17
Reduced
21
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$5.17M +$593K +39,080 +13%
Bank of America
2
Bank of America
North Carolina
$2.56M -$160K -10,514 -6%
DLG
3
Daniel L. Goodwin
$1.91M -$57.6K -3,796 -3%
LPL Financial
4
LPL Financial
California
$1.82M +$429K +28,234 +32%
AAM
5
Advisors Asset Management
Colorado
$1.68M -$436K -28,729 -21%
MIM
6
Macroview Investment Management
Maryland
$1.67M -$431K -28,390 -21%
Wells Fargo
7
Wells Fargo
California
$1.54M +$251K +16,500 +20%
HighTower Advisors
8
HighTower Advisors
Illinois
$1.08M +$328K +21,574 +45%
Northwestern Mutual Wealth Management
9
Northwestern Mutual Wealth Management
Wisconsin
$1M +$420K +27,627 +74%
RJA
10
Raymond James & Associates
Florida
$895K +$635K +41,815 +259%
UBS Group
11
UBS Group
Switzerland
$816K -$125K -8,228 -13%
VanEck Associates
12
VanEck Associates
New York
$792K +$15.7K +1,034 +2%
Commonwealth Equity Services
13
Commonwealth Equity Services
Massachusetts
$762K -$47.6K -3,136 -6%
CCWA
14
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$738K
Cambridge Investment Research Advisors
15
Cambridge Investment Research Advisors
Iowa
$708K +$381K +25,124 +121%
LTFS
16
Ladenburg Thalmann Financial Services
Florida
$707K -$2.29M -151,087 -77%
CA
17
Cetera Advisors
Colorado
$688K +$75.9K +5,000 +13%
PNC Financial Services Group
18
PNC Financial Services Group
Pennsylvania
$650K -$336K -22,150 -34%
CIA
19
Capital Investment Advisors
Georgia
$622K -$1.9K -125 -0.3%
MRCM
20
M&R Capital Management
New Jersey
$559K -$11.5K -758 -2%
SPC
21
Sigma Planning Corp
Michigan
$480K +$81K +5,333 +21%
BCMIO
22
Beacon Capital Management Inc (Ohio)
Ohio
$472K +$20.2K +1,330 +5%
HCM
23
Hollencrest Capital Management
California
$444K
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$401K -$26.3K -1,729 -6%
CIBC Private Wealth Group
25
CIBC Private Wealth Group
Georgia
$329K +$51.6K +3,400 +19%

IIM Hedge Fund Activity: Q3 2015 in Review

58 of the 3,582 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.