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Invesco Value Municipal Income Trust
IIM

95 hedge funds and large institutions have $145M invested in Invesco Value Municipal Income Trust in 2020 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 32 increasing their positions, 19 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

68% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 19

5% more capital invested

Capital invested by funds: $138M → $145M (+$7.16M)

0% more funds holding

Funds holding: 95 → 95 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 13

0.27% less ownership

Funds ownership: 19.96% → 19.69% (-0.27%)

Holders
95
Holders Change
–
Holders Change %
0%
% of All Funds
1.68%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
13
Increased
32
Reduced
19
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$1.87M
2
RCM
Rivernorth Capital Management
Florida
+$1.18M
3
UBS Group
UBS Group
Switzerland
+$1.05M
4
PPA
Parametric Portfolio Associates
Washington
+$691K
5
Invesco
Invesco
Georgia
+$591K

Top Sellers

1
KIM
Karpus Investment Management
New York
-$7.36M
2
AA
AQR Arbitrage
Connecticut
-$758K
3
Goldman Sachs
Goldman Sachs
New York
-$591K
4
AAS
Avantax Advisory Services
Texas
-$513K
5
Truist Financial
Truist Financial
North Carolina
-$385K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$29.4M -$7.36M -485,780 -21%
RCM
2
Rivernorth Capital Management
Florida
$18.3M +$1.18M +77,688 +7%
PPA
3
Parametric Portfolio Associates
Washington
$18.1M +$691K +45,645 +4%
SIA
4
Sit Investment Associates
Minnesota
$8.58M +$1.87M +123,296 +29%
RCM
5
Robinson Capital Management
Michigan
$6.73M -$316K -20,858 -5%
Wells Fargo
6
Wells Fargo
California
$5.25M +$334K +22,032 +7%
UBS Group
7
UBS Group
Switzerland
$4.53M +$1.05M +69,307 +32%
Morgan Stanley
8
Morgan Stanley
New York
$4.28M +$159K +10,490 +4%
AAM
9
Advisors Asset Management
Colorado
$3.74M +$94.5K +6,239 +3%
VanEck Associates
10
VanEck Associates
New York
$3.33M -$198K -13,106 -6%
VCM
11
Vivaldi Capital Management
Illinois
$2.91M -$160K -10,542 -5%
GC
12
Guggenheim Capital
Illinois
$2.46M -$307K -20,272 -11%
LPL Financial
13
LPL Financial
California
$2.16M +$66.4K +4,385 +3%
DFG
14
Delphi Financial Group
Delaware
$2M – – –
DLG
15
Daniel L. Goodwin
$1.72M – – –
Bank of America
16
Bank of America
North Carolina
$1.62M +$159K +10,501 +11%
Invesco
17
Invesco
Georgia
$1.48M +$591K +39,028 +70%
FM
18
Family Management
New York
$1.28M -$67K -4,424 -5%
Osaic Holdings
19
Osaic Holdings
Arizona
$1.24M +$7.56K +499 +0.6%
MIG
20
Mariner Investment Group
New York
$1.18M – – –
CIA
21
Capital Investment Advisors
Georgia
$1.14M +$485 +32 +0%
WQ
22
Wealth Quarterback
New Jersey
$1.1M +$342K +22,606 +48%
UWM
23
Urban Wealth Management
California
$1.1M +$1.06M +70,050 New
Commonwealth Equity Services
24
Commonwealth Equity Services
Massachusetts
$1.06M +$9.03K +596 +0.9%
PNC Financial Services Group
25
PNC Financial Services Group
Pennsylvania
$1.05M -$295K -19,500 -22%
1
2 3 4 5

IIM Hedge Fund Activity: Q4 2020 in Review

95 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q4 2020, worth a combined $145M — up 5.2% from $138M a quarter earlier.

Fund positioning in IIM was balanced in Q4 2020: 13 funds opened new positions, 13 closed out, 32 added to existing stakes and 19 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $1.87M. The largest seller was Karpus Investment Management, cutting an estimated $7.36M.

  • 95 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q4 2020, unchanged from Q3 2020.
  • Funds reported $145M of Invesco Value Municipal Income Trust stock for Q4 2020, up 5.2% quarter-over-quarter.
  • 13 funds opened new Invesco Value Municipal Income Trust positions in Q4 2020 and 13 closed out, a net change of 0 holders.
  • The largest Invesco Value Municipal Income Trust buyer in Q4 2020 was Sit Investment Associates, an estimated $1.87M added.
  • The largest Invesco Value Municipal Income Trust seller in Q4 2020 was Karpus Investment Management, an estimated $7.36M sold.

Based on aggregated 13F filings for Q4 2020.