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Invesco Quality Municipal Securities
IQI

63 hedge funds and large institutions have $78M invested in Invesco Quality Municipal Securities in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

2% more funds holding

Funds holding: 62 → 63 (+1)

5% more capital invested

Capital invested by funds: $74.5M → $78M (+$3.52M)

0.52% more ownership

Funds ownership: 11.35% → 11.87% (+0.52%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

10% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 20

Holders
63
Holders Change
+1
Holders Change %
+1.61%
% of All Funds
1.57%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
18
Reduced
20
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$4.28M
2
Ameriprise
Ameriprise
Minnesota
+$760K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$595K
4
DA
Doliver Advisors
Texas
+$526K
5
MSL
Mackay Shields LLC
New York
+$517K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$968K
2
LCM
Landscape Capital Management
New Jersey
-$681K
3
Wells Fargo
Wells Fargo
California
-$585K
4
LCM
Laurion Capital Management
New York
-$539K
5
FFA
First Foundation Advisors
California
-$447K
Name Holding Trade Value Shares
Change 		Change in
Stake
Ameriprise
26
Ameriprise
Minnesota
$762K +$760K +61,328 New
CAN
27
Cetera Advisor Networks
California
$638K +$40.2K +3,247 +7%
First Trust Advisors
28
First Trust Advisors
Illinois
$630K +$37.8K +3,051 +6%
DA
29
Doliver Advisors
Texas
$528K +$526K +42,442 New
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$470K -$6.01K -485 -1%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$446K +$93.5K +7,543 +27%
N
32
Nuveen
North Carolina
$404K – – –
WFI
33
West Family Investments
California
$381K – – –
MRCM
34
M&R Capital Management
New Jersey
$359K – – –
KIM
35
Karpus Investment Management
New York
$295K -$6.2K -500 -2%
ICA
36
Infrastructure Capital Advisors
New York
$280K – – –
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$256K -$8.88K -717 -3%
RJT
38
Raymond James Trust
Florida
$253K +$26.2K +2,115 +12%
JP Morgan Chase
39
JP Morgan Chase
New York
$249K – – –
HK
40
Horizon Kinetics
New York
$211K – – –
AIA
41
Allegis Investment Advisors
Idaho
$200K +$49.2K +3,975 +33%
IA
42
IFP Advisors
Florida
$191K -$4.87K -393 -2%
SSB
43
Sandy Spring Bank
Maryland
$183K – – –
Creative Planning
44
Creative Planning
Kansas
$172K +$100K +8,100 +141%
BTS
45
BB&T Securities
Virginia
$170K -$84.8K -6,848 -33%
FFEC
46
First Financial Equity Corporation
Arizona
$154K +$153K +12,349 New
PCP
47
Proficio Capital Partners
Massachusetts
$143K -$322K -25,975 -70%
WS
48
Wedbush Securities
California
$142K – – –
BOH
49
Bank of Hawaii
Hawaii
$138K – – –
HCM
50
Hollencrest Capital Management
California
$132K – – –
1
2
3

IQI Hedge Fund Activity: Q1 2017 in Review

63 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q1 2017, worth a combined $78M — up 4.7% from $74.5M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new IQI positions and 6 closed out — a net gain of 2 holders — while 18 added to existing stakes and 20 trimmed.

The largest buyer was Robinson Capital Management, opening a new position worth an estimated $4.28M. The largest seller was Advisors Asset Management, cutting an estimated $968K.

  • 63 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q1 2017, up from 62 in Q4 2016.
  • Funds reported $78M of Invesco Quality Municipal Securities stock for Q1 2017, up 4.7% quarter-over-quarter.
  • 8 funds opened new Invesco Quality Municipal Securities positions in Q1 2017 and 6 closed out, a net change of +2 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q1 2017 was Robinson Capital Management, an estimated $4.28M added.
  • The largest Invesco Quality Municipal Securities seller in Q1 2017 was Advisors Asset Management, an estimated $968K sold.

Based on aggregated 13F filings for Q1 2017.