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Invesco Quality Municipal Securities

63 hedge funds and large institutions have $99.3M invested in Invesco Quality Municipal Securities in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 17 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

13% more capital invested

Capital invested by funds: $88M → $99.3M (+$11.3M)

5% more funds holding

Funds holding: 6063 (+3)

1.37% more ownership

Funds ownership: 14.16%15.53% (+1.4%)

0% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 17

Holders
63
Holders Change
+3
Holders Change %
+5%
% of All Funds
1.76%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
7
Increased
17
Reduced
17
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
UBS Group
26
UBS Group
Switzerland
$728K -$257K -21,542 -26%
CIA
27
Capital Investment Advisors
Georgia
$549K -$26.6K -2,229 -5%
ACM
28
Ashford Capital Management
Delaware
$535K +$367K +30,791 +232%
First Trust Advisors
29
First Trust Advisors
Illinois
$469K -$9.36K -785 -2%
WFI
30
West Family Investments
California
$373K
MRCM
31
M&R Capital Management
New Jersey
$351K
AIM
32
Allen Investment Management
New York
$336K
OC
33
Oppenheimer & Co
New York
$314K
Baird Financial Group
34
Baird Financial Group
Wisconsin
$265K +$109K +9,105 +72%
MGAM
35
McGowan Group Asset Management
Texas
$262K -$4.77K -400 -2%
HK
36
Horizon Kinetics
New York
$249K -$7.88K -661 -3%
RJA
37
Raymond James & Associates
Florida
$243K +$238K +19,996 New
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$230K
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$227K -$11.3K -944 -5%
RJT
40
Raymond James Trust
Florida
$212K
PRCM
41
Pine River Capital Management
Minnesota
$168K
US Bancorp
42
US Bancorp
Minnesota
$167K +$8.35K +700 +5%
Comerica Bank
43
Comerica Bank
Texas
$162K -$159K -13,300 -50%
LFR
44
Lehman Financial Resources
Pennsylvania
$151K
HighTower Advisors
45
HighTower Advisors
Illinois
$143K
WS
46
Wedbush Securities
California
$139K
BTS
47
BB&T Securities
Virginia
$138K +$136K +11,400 New
BOH
48
Bank of Hawaii
Hawaii
$135K
WA
49
WealthTrust Axiom
Pennsylvania
$127K +$126K +10,524 New
CAN
50
Cetera Advisor Networks
California
$124K +$122K +10,240 New

IQI Hedge Fund Activity: Q3 2015 in Review

63 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q3 2015, worth a combined $99.3M — up 13% from $88M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new IQI positions and 3 closed out — a net gain of 4 holders — while 17 added to existing stakes and 17 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $4.91M. The largest seller was Landscape Capital Management, cutting an estimated $640K.

  • 63 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q3 2015, up from 60 in Q2 2015.
  • Funds reported $99.3M of Invesco Quality Municipal Securities stock for Q3 2015, up 13% quarter-over-quarter.
  • 7 funds opened new Invesco Quality Municipal Securities positions in Q3 2015 and 3 closed out, a net change of +4 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q3 2015 was Karpus Investment Management, an estimated $4.91M added.
  • The largest Invesco Quality Municipal Securities seller in Q3 2015 was Landscape Capital Management, an estimated $640K sold.

Based on aggregated 13F filings for Q3 2015.