Invesco Value Municipal Income Trust
IIM
85 hedge funds and large institutions have $71.9M invested in Invesco Value Municipal Income Trust in 2019 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 15 closing their positions.
4% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 23
7% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 15
3% less funds holding
Funds holding: 88 → 85 (-3)
4.99% less ownership
Funds ownership: 15.58% → 10.6% (-5%)
72% less capital inflows, than outflows
Capital inflows: $12M | Capital outflows: $43.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
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 |
Proficio Capital Partners
Newton,
Massachusetts
|
+$661K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$12.4M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$11.2M |
| 3 |
Karpus Investment Management
Pittsford,
New York
|
-$7.83M |
| 4 |
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$4.72M |
| 5 |
Landscape Capital Management
Englewood,
New Jersey
|
-$1.63M |
IIM Hedge Fund Activity: Q1 2019 in Review
85 of the 4,634 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2019, worth a combined $71.9M — down 27% from $99.1M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of IIM and 14 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 22 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $4.21M. The largest seller was Wells Fargo, cutting an estimated $12.4M.
- 85 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2019, down from 88 in Q4 2018.
- Funds reported $71.9M of Invesco Value Municipal Income Trust stock for Q1 2019, down 27% quarter-over-quarter.
- 14 funds opened new Invesco Value Municipal Income Trust positions in Q1 2019 and 15 closed out, a net change of -1 holder.
- 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.