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Invesco Value Municipal Income Trust

83 hedge funds and large institutions have $72.1M invested in Invesco Value Municipal Income Trust in 2019 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 21 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

2% more funds holding

Funds holding: 8183 (+2)

10% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 21

0.46% less ownership

Funds ownership: 10.91%10.45% (-0.46%)

8% less capital invested

Capital invested by funds: $78M → $72.1M (-$5.92M)

Holders
83
Holders Change
+2
Holders Change %
+2.47%
% of All Funds
1.82%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
7
Increased
23
Reduced
21
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PPA
1
Parametric Portfolio Associates
Washington
$16M -$1.68M -109,848 -10%
Morgan Stanley
2
Morgan Stanley
New York
$5.57M +$189K +12,332 +4%
Wells Fargo
3
Wells Fargo
California
$4.81M +$324K +21,100 +7%
GC
4
Guggenheim Capital
Illinois
$3.75M -$1.07M -69,814 -22%
VanEck Associates
5
VanEck Associates
New York
$3.51M +$171K +11,163 +5%
UBS Group
6
UBS Group
Switzerland
$2.28M +$709K +46,259 +45%
AAM
7
Advisors Asset Management
Colorado
$2.28M +$695K +45,299 +44%
SIA
8
Sit Investment Associates
Minnesota
$2.08M
DLG
9
Daniel L. Goodwin
$1.9M
LCM
10
Landscape Capital Management
New Jersey
$1.87M -$557K -36,291 -23%
RJFSA
11
Raymond James Financial Services Advisors
Florida
$1.79M -$31.7K -2,067 -2%
LPL Financial
12
LPL Financial
California
$1.68M +$31.4K +2,049 +2%
DFG
13
Delphi Financial Group
Delaware
$1.65M
KA
14
Kovack Advisors
Florida
$1.53M +$115K +7,500 +8%
VCM
15
Vivaldi Capital Management
Illinois
$1.42M -$2.99M -195,054 -68%
LTFS
16
Ladenburg Thalmann Financial Services
Florida
$1.29M +$41.9K +2,729 +3%
Ameriprise
17
Ameriprise
Minnesota
$1.29M +$219K +14,289 +21%
Bank of America
18
Bank of America
North Carolina
$1.22M -$8.02K -523 -0.7%
CIA
19
Capital Investment Advisors
Georgia
$1.22M -$12.8K -832 -1%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$878K +$178K +11,621 +26%
Commonwealth Equity Services
21
Commonwealth Equity Services
Massachusetts
$845K +$2.75K +179 +0.3%
RCM
22
Robinson Capital Management
Michigan
$797K -$125K -8,133 -14%
Cambridge Investment Research Advisors
23
Cambridge Investment Research Advisors
Iowa
$761K +$1.01K +66 +0.1%
GVAG
24
Great Valley Advisor Group
Delaware
$670K
FM
25
Family Management
New York
$657K -$126K -8,185 -16%

IIM Hedge Fund Activity: Q3 2019 in Review

83 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2019, worth a combined $72.1M — down 7.6% from $78M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new IIM positions and 5 closed out — a net gain of 2 holders — while 23 added to existing stakes and 21 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $3.52M. The largest seller was Vivaldi Capital Management, cutting an estimated $2.99M.

  • 83 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2019, up from 81 in Q2 2019.
  • Funds reported $72.1M of Invesco Value Municipal Income Trust stock for Q3 2019, down 7.6% quarter-over-quarter.
  • 7 funds opened new Invesco Value Municipal Income Trust positions in Q3 2019 and 5 closed out, a net change of +2 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q3 2019 was Rivernorth Capital Management, an estimated $3.52M added.
  • The largest Invesco Value Municipal Income Trust seller in Q3 2019 was Vivaldi Capital Management, an estimated $2.99M sold.

Based on aggregated 13F filings for Q3 2019.