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Invesco Value Municipal Income Trust
IIM

69 hedge funds and large institutions have $49.4M invested in Invesco Value Municipal Income Trust in 2016 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 19 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 7

11% more capital invested

Capital invested by funds: $44.6M → $49.4M (+$4.79M)

11% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 19

5% more funds holding

Funds holding: 66 → 69 (+3)

1.07% more ownership

Funds ownership: 5.37% → 6.44% (+1.1%)

Holders
69
Holders Change
+3
Holders Change %
+4.55%
% of All Funds
1.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
21
Reduced
19
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
+$2.58M
2
LCM
Laurion Capital Management
New York
+$2.43M
3
DA
Doliver Advisors
Texas
+$1.58M
4
VKH
Virtu KCG Holdings
New York
+$996K
5
VanEck Associates
VanEck Associates
New York
+$749K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.55M
2
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$602K
3
Wells Fargo
Wells Fargo
California
-$342K
4
HCM
Hollencrest Capital Management
California
-$233K
5
BCMIO
Beacon Capital Management Inc (Ohio)
Ohio
-$222K
Name Holding Trade Value Shares
Change 		Change in
Stake
CRC
1
Curi RMB Capital
Illinois
$4.1M +$2.58M +151,323 +153%
Morgan Stanley
2
Morgan Stanley
New York
$3.78M +$301K +17,662 +8%
Wells Fargo
3
Wells Fargo
California
$3.34M -$342K -20,104 -9%
LPL Financial
4
LPL Financial
California
$3M +$502K +29,484 +19%
GC
5
Guggenheim Capital
Illinois
$2.88M +$263K +15,433 +10%
Bank of America
6
Bank of America
North Carolina
$2.82M +$286K +16,812 +11%
LCM
7
Laurion Capital Management
New York
$2.34M +$2.43M +142,791 New
VanEck Associates
8
VanEck Associates
New York
$2.25M +$749K +43,983 +47%
DLG
9
Daniel L. Goodwin
$2.02M – – –
DA
10
Doliver Advisors
Texas
$1.76M +$1.58M +92,593 +610%
RJFSA
11
Raymond James Financial Services Advisors
Florida
$1.4M +$111K +6,499 +8%
UBS Group
12
UBS Group
Switzerland
$1.24M +$164K +9,643 +15%
CA
13
Cetera Advisors
Colorado
$1.17M -$108K -6,324 -8%
HighTower Advisors
14
HighTower Advisors
Illinois
$1.14M +$375 +22 +0%
VKH
15
Virtu KCG Holdings
New York
$957K +$996K +58,449 New
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$956K +$136K +7,967 +16%
PFS
17
Prospera Financial Services
Texas
$927K +$20.4K +1,200 +2%
PNC Financial Services Group
18
PNC Financial Services Group
Pennsylvania
$723K – – –
CCWA
19
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$689K -$61.8K -3,629 -8%
LTFS
20
Ladenburg Thalmann Financial Services
Florida
$681K -$16.7K -980 -2%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$679K +$218K +12,812 +45%
CIA
22
Capital Investment Advisors
Georgia
$653K – – –
TC
23
TFS Capital
Pennsylvania
$647K +$673K +39,517 New
CAN
24
Cetera Advisor Networks
California
$640K +$346K +20,282 +108%
KIM
25
Karpus Investment Management
New York
$586K +$610K +35,800 New
1
2 3 4

IIM Hedge Fund Activity: Q3 2016 in Review

69 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2016, worth a combined $49.4M — up 11% from $44.6M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new IIM positions and 7 closed out — a net gain of 4 holders — while 21 added to existing stakes and 19 trimmed.

The largest buyer was Curi RMB Capital, adding an estimated $2.58M. The largest seller was Advisors Asset Management, exiting entirely with an estimated $1.55M sold.

  • 69 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2016, up from 66 in Q2 2016.
  • Funds reported $49.4M of Invesco Value Municipal Income Trust stock for Q3 2016, up 11% quarter-over-quarter.
  • 11 funds opened new Invesco Value Municipal Income Trust positions in Q3 2016 and 7 closed out, a net change of +4 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q3 2016 was Curi RMB Capital, an estimated $2.58M added.
  • The largest Invesco Value Municipal Income Trust seller in Q3 2016 was Advisors Asset Management, an estimated $1.55M sold.

Based on aggregated 13F filings for Q3 2016.