Invesco Value Municipal Income Trust
IIM
86 hedge funds and large institutions have $71.7M invested in Invesco Value Municipal Income Trust in 2019 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 15 closing their positions.
0% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 15
4% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 23
2% less funds holding
Funds holding: 88 → 86 (-2)
4.95% less ownership
Funds ownership: 15.58% → 10.63% (-5%)
28% less capital invested
Capital invested by funds: $99.1M → $71.7M (-$27.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.21M |
| 2 |
JP Morgan Chase
New York
|
+$1.1M |
| 3 |
LPL Financial
San Diego,
California
|
+$749K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$703K |
| 5 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$661K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$12.4M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$11.2M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7.83M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$4.72M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.63M |
IIM Hedge Fund Activity: Q1 2019 in Review
86 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2019, worth a combined $71.7M — down 28% from $99.1M a quarter earlier.
Fund positioning in IIM was balanced in Q1 2019: 15 funds opened new positions, 15 closed out, 22 added to existing stakes and 23 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $4.21M. The largest seller was Wells Fargo, cutting an estimated $12.4M.
- 86 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2019, down from 88 in Q4 2018.
- Funds reported $71.7M of Invesco Value Municipal Income Trust stock for Q1 2019, down 28% quarter-over-quarter.
- 15 funds opened new Invesco Value Municipal Income Trust positions in Q1 2019 and 15 closed out, a net change of 0 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q1 2019 was Parametric Portfolio Associates, an estimated $4.21M added.
- The largest Invesco Value Municipal Income Trust seller in Q1 2019 was Wells Fargo, an estimated $12.4M sold.
Based on aggregated 13F filings for Q1 2019.