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Invesco Quality Municipal Securities
IQI

77 hedge funds and large institutions have $104M invested in Invesco Quality Municipal Securities in 2017 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 8

26% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 19

26% more capital invested

Capital invested by funds: $82.4M → $104M (+$21.6M)

15% more funds holding

Funds holding: 67 → 77 (+10)

3.51% more ownership

Funds ownership: 12.23% → 15.74% (+3.5%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
77
Holders Change
+10
Holders Change %
+14.93%
% of All Funds
1.75%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
18
Increased
24
Reduced
19
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$13.5M
2
PPA
Parametric Portfolio Associates
Washington
+$1.7M
3
RCM
Robinson Capital Management
Michigan
+$1.56M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$1.06M
5
BF
BOK Financial
Oklahoma
+$981K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$2.97M
2
Ameriprise
Ameriprise
Minnesota
-$596K
3
Millennium Management
Millennium Management
New York
-$285K
4
JP Morgan Chase
JP Morgan Chase
New York
-$255K
5
BO
Bank OZK
Arkansas
-$192K
Name Holding Trade Value Shares
Change 		Change in
Stake
BF
26
BOK Financial
Oklahoma
$982K +$981K +78,500 New
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$972K -$94.6K -7,567 -9%
CIA
28
Capital Investment Advisors
Georgia
$854K -$29.7K -2,375 -3%
LPL Financial
29
LPL Financial
California
$770K +$54.7K +4,379 +8%
DA
30
Doliver Advisors
Texas
$766K +$257K +20,530 +50%
MIG
31
Mariner Investment Group
New York
$737K +$736K +58,928 New
Invesco
32
Invesco
Georgia
$720K -$179K -14,318 -20%
First Trust Advisors
33
First Trust Advisors
Illinois
$702K -$43.8K -3,508 -6%
6M
34
6 Meridian
Kansas
$670K +$669K +53,524 New
FIAS
35
FinTrust Investment Advisory Services
South Carolina
$576K +$12.5K +1,002 +2%
CAN
36
Cetera Advisor Networks
California
$558K -$67K -5,365 -11%
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$519K -$50.9K -4,074 -9%
HK
38
Horizon Kinetics
New York
$507K +$295K +23,579 +139%
CRC
39
Curi RMB Capital
Illinois
$494K +$494K +39,495 New
AGA
40
Accuvest Global Advisors
Utah
$465K +$20.9K +1,675 +5%
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$457K +$18K +1,444 +4%
VCM
42
Vivaldi Capital Management
Illinois
$434K +$100K +8,029 +30%
N
43
Nuveen
North Carolina
$407K – – –
WFI
44
West Family Investments
California
$384K – – –
Creative Planning
45
Creative Planning
Kansas
$323K +$89.6K +7,171 +38%
CF
46
Centaurus Financial
California
$323K +$322K +25,783 New
MRCM
47
M&R Capital Management
New Jersey
$320K -$41.2K -3,300 -11%
AA
48
AQR Arbitrage
Connecticut
$308K +$308K +24,626 New
Squarepoint
49
Squarepoint
New York
$304K +$303K +24,284 New
ICA
50
Infrastructure Capital Advisors
New York
$269K – – –
1
2
3 4

IQI Hedge Fund Activity: Q4 2017 in Review

77 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q4 2017, worth a combined $104M — up 26% from $82.4M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new IQI positions and 8 closed out — a net gain of 10 holders — while 24 added to existing stakes and 19 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $13.5M. The largest seller was Guggenheim Capital, cutting an estimated $2.97M.

  • 77 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q4 2017, up from 67 in Q3 2017.
  • Funds reported $104M of Invesco Quality Municipal Securities stock for Q4 2017, up 26% quarter-over-quarter.
  • 18 funds opened new Invesco Quality Municipal Securities positions in Q4 2017 and 8 closed out, a net change of +10 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q4 2017 was Karpus Investment Management, an estimated $13.5M added.
  • The largest Invesco Quality Municipal Securities seller in Q4 2017 was Guggenheim Capital, an estimated $2.97M sold.

Based on aggregated 13F filings for Q4 2017.