Invesco Value Municipal Income Trust
IIM
63 hedge funds and large institutions have $39.6M invested in Invesco Value Municipal Income Trust in 2015 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 10 closing their positions.
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
29% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 14
22% more capital invested
Capital invested by funds: $32.6M → $39.6M (+$7.02M)
9% more funds holding
Funds holding: 58 → 63 (+5)
0.71% more ownership
Funds ownership: 4.49% → 5.2% (+0.71%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$3.13M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$922K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$904K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$841K |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$526K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$965K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$645K |
| 3 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
-$626K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$234K |
| 5 |
GWM
Gupta Wealth Management
San Diego,
California
|
-$204K |
IIM Hedge Fund Activity: Q4 2015 in Review
63 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2015, worth a combined $39.6M — up 22% from $32.6M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new IIM positions and 10 closed out — a net gain of 5 holders — while 18 added to existing stakes and 14 trimmed.
The largest buyer was LPL Financial, adding an estimated $3.13M. The largest seller was Morgan Stanley, cutting an estimated $965K.
- 63 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2015, up from 58 in Q3 2015.
- Funds reported $39.6M of Invesco Value Municipal Income Trust stock for Q4 2015, up 22% quarter-over-quarter.
- 15 funds opened new Invesco Value Municipal Income Trust positions in Q4 2015 and 10 closed out, a net change of +5 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q4 2015 was LPL Financial, an estimated $3.13M added.
- The largest Invesco Value Municipal Income Trust seller in Q4 2015 was Morgan Stanley, an estimated $965K sold.
Based on aggregated 13F filings for Q4 2015.