Invesco Quality Municipal Securities
IQI
60 hedge funds and large institutions have $88M invested in Invesco Quality Municipal Securities in 2015 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 9 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 17
0.4% less ownership
Funds ownership: 14.56% → 14.16% (-0.4%)
3% less funds holding
Funds holding: 62 → 60 (-2)
9% less capital invested
Capital invested by funds: $96.7M → $88M (-$8.71M)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.35M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$1.42M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$936K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$642K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$609K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$6.54M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.73M |
| 3 |
Goldman Sachs
New York
|
-$1.35M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$880K |
| 5 |
PAM
PT Asset Management
Chicago,
Illinois
|
-$314K |
IQI Hedge Fund Activity: Q2 2015 in Review
60 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q2 2015, worth a combined $88M — down 9% from $96.7M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of IQI and 7 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 19 added.
The largest buyer was Karpus Investment Management, adding an estimated $4.35M. The largest seller was Deutsche Bank, cutting an estimated $6.54M.
- 60 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q2 2015, down from 62 in Q1 2015.
- Funds reported $88M of Invesco Quality Municipal Securities stock for Q2 2015, down 9% quarter-over-quarter.
- 7 funds opened new Invesco Quality Municipal Securities positions in Q2 2015 and 9 closed out, a net change of -2 holders.
- The largest Invesco Quality Municipal Securities buyer in Q2 2015 was Karpus Investment Management, an estimated $4.35M added.
- The largest Invesco Quality Municipal Securities seller in Q2 2015 was Deutsche Bank, an estimated $6.54M sold.
Based on aggregated 13F filings for Q2 2015.