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Invesco Value Municipal Income Trust
IIM

77 hedge funds and large institutions have $65.9M invested in Invesco Value Municipal Income Trust in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 20 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 20

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

20% more capital invested

Capital invested by funds: $54.8M → $65.9M (+$11.1M)

1.65% more ownership

Funds ownership: 7.98% → 9.63% (+1.7%)

1% more funds holding

Funds holding: 76 → 77 (+1)

Holders
77
Holders Change
+1
Holders Change %
+1.32%
% of All Funds
1.92%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
9
Increased
28
Reduced
20
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CRC
Curi RMB Capital
Illinois
+$4.02M
2
RCM
Robinson Capital Management
Michigan
+$3.84M
3
AGM
Alpine Global Management
New York
+$909K
4
SPIA
Steward Partners Investment Advisory
New York
+$900K
5
Morgan Stanley
Morgan Stanley
New York
+$737K

Top Sellers

1
VKH
Virtu KCG Holdings
New York
-$874K
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$775K
3
Wells Fargo
Wells Fargo
California
-$545K
4
Squarepoint
Squarepoint
New York
-$421K
5
LCM
Landscape Capital Management
New Jersey
-$320K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$7.26M +$737K +50,250 +11%
RCM
2
Robinson Capital Management
Michigan
$6.91M +$3.84M +261,465 +123%
Fiera Capital (Canada)
3
Fiera Capital (Canada)
Quebec, Canada
$4.66M -$775K -52,818 -14%
CRC
4
Curi RMB Capital
Illinois
$4.16M +$4.02M +274,318 +2,470%
LPL Financial
5
LPL Financial
California
$2.4M -$142K -9,692 -6%
Wells Fargo
6
Wells Fargo
California
$2.35M -$545K -37,139 -19%
Bank of America
7
Bank of America
North Carolina
$2.16M +$150K +10,237 +7%
GC
8
Guggenheim Capital
Illinois
$2.1M -$286K -19,508 -12%
DLG
9
Daniel L. Goodwin
$1.8M – – –
LCM
10
Landscape Capital Management
New Jersey
$1.79M -$320K -21,833 -15%
VanEck Associates
11
VanEck Associates
New York
$1.65M +$149K +10,149 +10%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$1.5M +$250K +17,033 +20%
RJFSA
13
Raymond James Financial Services Advisors
Florida
$1.49M +$11.8K +801 +0.8%
Bessemer Group
14
Bessemer Group
New Jersey
$1.46M +$734K +50,000 +100%
CIA
15
Capital Investment Advisors
Georgia
$1.23M +$566K +38,545 +84%
KIM
16
Karpus Investment Management
New York
$1.19M +$132K +9,000 +12%
UBS Group
17
UBS Group
Switzerland
$1.1M -$78.6K -5,359 -7%
HighTower Advisors
18
HighTower Advisors
Illinois
$1.02M -$29K -1,976 -3%
BTS
19
BB&T Securities
Virginia
$951K +$472K +32,154 +97%
ACS
20
Archford Capital Strategies
Illinois
$940K +$113K +7,722 +151%
Invesco
21
Invesco
Georgia
$934K +$20.5K +1,398 +2%
AGM
22
Alpine Global Management
New York
$904K +$909K +61,947 New
SPIA
23
Steward Partners Investment Advisory
New York
$894K +$900K +61,311 New
Cambridge Investment Research Advisors
24
Cambridge Investment Research Advisors
Iowa
$859K +$530K +36,136 +159%
WAM
25
Wolverine Asset Management
Illinois
$803K +$9.95K +678 +1%
1
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IIM Hedge Fund Activity: Q1 2017 in Review

77 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2017, worth a combined $65.9M — up 20% from $54.8M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new IIM positions and 7 closed out — a net gain of 2 holders — while 28 added to existing stakes and 20 trimmed.

The largest buyer was Curi RMB Capital, adding an estimated $4.02M. The largest seller was Virtu KCG Holdings, exiting entirely with an estimated $874K sold.

  • 77 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2017, up from 76 in Q4 2016.
  • Funds reported $65.9M of Invesco Value Municipal Income Trust stock for Q1 2017, up 20% quarter-over-quarter.
  • 9 funds opened new Invesco Value Municipal Income Trust positions in Q1 2017 and 7 closed out, a net change of +2 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q1 2017 was Curi RMB Capital, an estimated $4.02M added.
  • The largest Invesco Value Municipal Income Trust seller in Q1 2017 was Virtu KCG Holdings, an estimated $874K sold.

Based on aggregated 13F filings for Q1 2017.