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Invesco Quality Municipal Securities
IQI

67 hedge funds and large institutions have $94.1M invested in Invesco Quality Municipal Securities in 2016 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 17

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2.16% less ownership

Funds ownership: 15.07% → 12.91% (-2.2%)

6% less funds holding

Funds holding: 71 → 67 (-4)

11% less capital invested

Capital invested by funds: $106M → $94.1M (-$11.7M)

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12

Holders
67
Holders Change
-4
Holders Change %
-5.63%
% of All Funds
1.79%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
20
Reduced
17
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$1.71M
2
CRC
Curi RMB Capital
Illinois
+$1.25M
3
SIA
Sit Investment Associates
Minnesota
+$1.18M
4
AAM
Advisors Asset Management
Colorado
+$968K
5
Stifel Financial
Stifel Financial
Missouri
+$889K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$12.1M
2
PPA
Parametric Portfolio Associates
Washington
-$5.79M
3
LPL Financial
LPL Financial
California
-$1.47M
4
YMRC
Yorktown Management & Research Company
Virginia
-$1.35M
5
GC
Guggenheim Capital
Illinois
-$993K
Name Holding Trade Value Shares
Change 		Change in
Stake
PCP
26
Proficio Capital Partners
Massachusetts
$575K +$5.88K +435 +1%
CAN
27
Cetera Advisor Networks
California
$544K +$285K +21,137 +117%
RCM
28
Robinson Capital Management
Michigan
$534K +$521K +38,606 New
ACM
29
Ashford Capital Management
Delaware
$490K -$67K -4,964 -12%
N
30
Nuveen
North Carolina
$449K -$131K -9,668 -23%
First Trust Advisors
31
First Trust Advisors
Illinois
$445K +$8.71K +645 +2%
FFA
32
First Foundation Advisors
California
$433K +$423K +31,330 New
LCM
33
Landscape Capital Management
New Jersey
$428K -$293K -21,720 -41%
WFI
34
West Family Investments
California
$424K – – –
MRCM
35
M&R Capital Management
New Jersey
$399K – – –
LCM
36
Laurion Capital Management
New York
$362K -$654K -48,451 -65%
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$316K – – –
OC
38
Oppenheimer & Co
New York
$304K – – –
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$270K +$8.85K +655 +3%
IA
40
IFP Advisors
Florida
$269K +$263K +19,453 New
DA
41
Doliver Advisors
Texas
$257K +$250K +18,536 New
RJA
42
Raymond James & Associates
Florida
$255K +$4.51K +334 +2%
RJT
43
Raymond James Trust
Florida
$242K – – –
HK
44
Horizon Kinetics
New York
$235K +$8.98K +665 +4%
SSB
45
Sandy Spring Bank
Maryland
$203K – – –
AIM
46
Allen Investment Management
New York
$183K – – –
LFR
47
Lehman Financial Resources
Pennsylvania
$172K – – –
WP
48
WealthPLAN Partners
Nebraska
$160K +$392K +29,038 New
WS
49
Wedbush Securities
California
$158K – – –
BOH
50
Bank of Hawaii
Hawaii
$153K – – –
1
2
3 4

IQI Hedge Fund Activity: Q2 2016 in Review

67 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q2 2016, worth a combined $94.1M — down 11% from $106M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of IQI and 8 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 20 added.

The largest buyer was UBS Group, adding an estimated $1.71M. The largest seller was Karpus Investment Management, cutting an estimated $12.1M.

  • 67 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q2 2016, down from 71 in Q1 2016.
  • Funds reported $94.1M of Invesco Quality Municipal Securities stock for Q2 2016, down 11% quarter-over-quarter.
  • 8 funds opened new Invesco Quality Municipal Securities positions in Q2 2016 and 12 closed out, a net change of -4 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q2 2016 was UBS Group, an estimated $1.71M added.
  • The largest Invesco Quality Municipal Securities seller in Q2 2016 was Karpus Investment Management, an estimated $12.1M sold.

Based on aggregated 13F filings for Q2 2016.