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Invesco Value Municipal Income Trust
IIM

86 hedge funds and large institutions have $121M invested in Invesco Value Municipal Income Trust in 2021 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 18 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 18

1% less funds holding

Funds holding: 87 → 86 (-1)

3.06% less ownership

Funds ownership: 18.68% → 15.63% (-3.1%)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

12% less capital invested

Capital invested by funds: $138M → $121M (-$16.7M)

Holders
86
Holders Change
-1
Holders Change %
-1.15%
% of All Funds
1.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
33
Reduced
18
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HWAM
Hennion & Walsh Asset Management
New Jersey
+$3.23M
2
Bank of America
Bank of America
North Carolina
+$2.21M
3
GC
Guggenheim Capital
Illinois
+$1.23M
4
Wells Fargo
Wells Fargo
California
+$788K
5
Morgan Stanley
Morgan Stanley
New York
+$736K

Top Sellers

1
KIM
Karpus Investment Management
New York
-$16.7M
2
RCM
Rivernorth Capital Management
Florida
-$10.9M
3
VCM
Vivaldi Capital Management
Illinois
-$3.21M
4
PPA
Parametric Portfolio Associates
Washington
-$2.17M
5
RCM
Robinson Capital Management
Michigan
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
PPA
1
Parametric Portfolio Associates
Washington
$18.1M -$2.17M -134,506 -11%
RCM
2
Rivernorth Capital Management
Florida
$12.6M -$10.9M -675,352 -47%
SIA
3
Sit Investment Associates
Minnesota
$11.9M +$407K +25,302 +4%
Wells Fargo
4
Wells Fargo
California
$7.56M +$788K +48,916 +12%
HWAM
5
Hennion & Walsh Asset Management
New Jersey
$7.47M +$3.23M +200,824 +80%
Morgan Stanley
6
Morgan Stanley
New York
$5.5M +$736K +45,677 +16%
UBS Group
7
UBS Group
Switzerland
$5.07M +$170K +10,541 +4%
AAM
8
Advisors Asset Management
Colorado
$4.27M +$154K +9,545 +4%
Bank of America
9
Bank of America
North Carolina
$4.16M +$2.21M +137,366 +120%
VanEck Associates
10
VanEck Associates
New York
$4.06M +$308K +19,131 +8%
GC
11
Guggenheim Capital
Illinois
$3.08M +$1.23M +76,216 +69%
LPL Financial
12
LPL Financial
California
$2.98M +$72.1K +4,475 +3%
KIM
13
Karpus Investment Management
New York
$2.56M -$16.7M -1,036,114 -87%
Invesco
14
Invesco
Georgia
$2.18M -$38.5K -2,388 -2%
DFG
15
Delphi Financial Group
Delaware
$2.1M – – –
DLG
16
Daniel L. Goodwin
$1.81M – – –
Osaic Holdings
17
Osaic Holdings
Arizona
$1.79M +$204K +12,668 +13%
CIA
18
Capital Investment Advisors
Georgia
$1.39M +$65.6K +4,077 +5%
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$1.29M +$219K +13,597 +21%
WQ
20
Wealth Quarterback
New Jersey
$1.16M +$1.13M +70,040 New
Northwestern Mutual Wealth Management
21
Northwestern Mutual Wealth Management
Wisconsin
$1.13M +$3.29K +204 +0.3%
RJFSA
22
Raymond James Financial Services Advisors
Florida
$1.09M +$162K +10,055 +18%
Ameriprise
23
Ameriprise
Minnesota
$1.06M -$97K -6,024 -9%
Stifel Financial
24
Stifel Financial
Missouri
$941K +$92.7K +5,758 +11%
KA
25
Kovack Advisors
Florida
$871K +$5.44K +338 +0.6%
1
2 3 4

IIM Hedge Fund Activity: Q2 2021 in Review

86 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q2 2021, worth a combined $121M — down 12% from $138M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of IIM and 8 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 33 added.

The largest buyer was Hennion & Walsh Asset Management, adding an estimated $3.23M. The largest seller was Karpus Investment Management, cutting an estimated $16.7M.

  • 86 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q2 2021, down from 87 in Q1 2021.
  • Funds reported $121M of Invesco Value Municipal Income Trust stock for Q2 2021, down 12% quarter-over-quarter.
  • 8 funds opened new Invesco Value Municipal Income Trust positions in Q2 2021 and 9 closed out, a net change of -1 holder.
  • The largest Invesco Value Municipal Income Trust buyer in Q2 2021 was Hennion & Walsh Asset Management, an estimated $3.23M added.
  • The largest Invesco Value Municipal Income Trust seller in Q2 2021 was Karpus Investment Management, an estimated $16.7M sold.

Based on aggregated 13F filings for Q2 2021.