Invesco Value Municipal Income Trust
IIM
61 hedge funds and large institutions have $39.7M invested in Invesco Value Municipal Income Trust in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 9 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 15
0% more capital invested
Capital invested by funds: $39.6M → $39.7M (+$118K)
0.21% less ownership
Funds ownership: 5.2% → 4.99% (-0.21%)
3% less funds holding
Funds holding: 63 → 61 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.45M |
| 2 |
WMG
WESCAP Management Group
Glendale,
California
|
+$355K |
| 3 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$292K |
| 4 |
VanEck Associates
New York
|
+$192K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
+$187K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.05M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
-$864K |
| 3 |
SG Americas Securities
New York
|
-$508K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$494K |
| 5 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
-$420K |
IIM Hedge Fund Activity: Q1 2016 in Review
61 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2016, worth a combined $39.7M — up 0.3% from $39.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of IIM and 7 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 18 added.
The largest buyer was Wells Fargo, adding an estimated $1.45M. The largest seller was Morgan Stanley, cutting an estimated $1.05M.
- 61 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2016, down from 63 in Q4 2015.
- Funds reported $39.7M of Invesco Value Municipal Income Trust stock for Q1 2016, up 0.3% quarter-over-quarter.
- 7 funds opened new Invesco Value Municipal Income Trust positions in Q1 2016 and 9 closed out, a net change of -2 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q1 2016 was Wells Fargo, an estimated $1.45M added.
- The largest Invesco Value Municipal Income Trust seller in Q1 2016 was Morgan Stanley, an estimated $1.05M sold.
Based on aggregated 13F filings for Q1 2016.