Invesco Value Municipal Income Trust
IIM
87 hedge funds and large institutions have $138M invested in Invesco Value Municipal Income Trust in 2021 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 29 increasing their positions, 20 reducing their positions, and 10 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 20
1.02% less ownership
Funds ownership: 19.69% → 18.67% (-1%)
5% less capital invested
Capital invested by funds: $145M → $138M (-$7.34M)
8% less funds holding
Funds holding: 95 → 87 (-8)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.2M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.32M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.18M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.16M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$626K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$10.7M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$5.46M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.18M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$736K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$576K |
IIM Hedge Fund Activity: Q1 2021 in Review
87 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q1 2021, worth a combined $138M — down 5.1% from $145M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of IIM and 6 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 29 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $4.2M. The largest seller was Karpus Investment Management, cutting an estimated $10.7M.
- 87 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q1 2021, down from 95 in Q4 2020.
- Funds reported $138M of Invesco Value Municipal Income Trust stock for Q1 2021, down 5.1% quarter-over-quarter.
- 6 funds opened new Invesco Value Municipal Income Trust positions in Q1 2021 and 10 closed out, a net change of -4 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q1 2021 was Rivernorth Capital Management, an estimated $4.2M added.
- The largest Invesco Value Municipal Income Trust seller in Q1 2021 was Karpus Investment Management, an estimated $10.7M sold.
Based on aggregated 13F filings for Q1 2021.