Invesco Value Municipal Income Trust
IIM
88 hedge funds and large institutions have $110M invested in Invesco Value Municipal Income Trust in 2021 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
23% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 22
2% more funds holding
Funds holding: 86 → 88 (+2)
1.33% less ownership
Funds ownership: 15.63% → 14.3% (-1.3%)
10% less capital invested
Capital invested by funds: $121M → $110M (-$11.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$5.78M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$5.23M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.54M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$574K |
| 5 |
LPL Financial
San Diego,
California
|
+$502K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$12.2M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$7.62M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.44M |
| 4 |
6M
6 Meridian
Wichita,
Kansas
|
-$715K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$594K |
IIM Hedge Fund Activity: Q3 2021 in Review
88 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Invesco Value Municipal Income Trust (IIM) for Q3 2021, worth a combined $110M — down 9.5% from $121M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new IIM positions and 7 closed out — a net gain of 3 holders — while 27 added to existing stakes and 22 trimmed.
The largest buyer was Hennion & Walsh Asset Management, adding an estimated $5.78M. The largest seller was Rivernorth Capital Management, cutting an estimated $12.2M.
- 88 institutional investors held Invesco Value Municipal Income Trust (IIM) as of Q3 2021, up from 86 in Q2 2021.
- Funds reported $110M of Invesco Value Municipal Income Trust stock for Q3 2021, down 9.5% quarter-over-quarter.
- 10 funds opened new Invesco Value Municipal Income Trust positions in Q3 2021 and 7 closed out, a net change of +3 holders.
- The largest Invesco Value Municipal Income Trust buyer in Q3 2021 was Hennion & Walsh Asset Management, an estimated $5.78M added.
- The largest Invesco Value Municipal Income Trust seller in Q3 2021 was Rivernorth Capital Management, an estimated $12.2M sold.
Based on aggregated 13F filings for Q3 2021.