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, 17 reducing their positions, and 9 closing their positions.
94% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 17
1% less funds holding
Funds holding: 87 → 86 (-1)
3.05% less ownership
Funds ownership: 18.67% → 15.63% (-3%)
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 (-$16.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$3.23M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.21M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.23M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$788K |
| 5 |
Morgan Stanley
New York
|
+$736K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$16.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$10.9M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$3.21M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.17M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.27M |
IIM Hedge Fund Activity: Q2 2021 in Review
86 of the 5,767 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 17 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.