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Invesco Quality Municipal Securities
IQI

80 hedge funds and large institutions have $94.4M invested in Invesco Quality Municipal Securities in 2018 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 80 → 80 (0)

0% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 11

1.37% less ownership

Funds ownership: 16.79% → 15.41% (-1.4%)

11% less capital invested

Capital invested by funds: $106M → $94.4M (-$11.5M)

21% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 24

Holders
80
Holders Change
–
Holders Change %
0%
% of All Funds
1.83%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
19
Reduced
24
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$967K
2
COLIM
City of London Investment Management
United Kingdom
+$869K
3
NMC
Nine Masts Capital
Hong Kong
+$707K
4
Baird Financial Group
Baird Financial Group
Wisconsin
+$512K
5
Millennium Management
Millennium Management
New York
+$405K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$5.55M
2
LCM
Laurion Capital Management
New York
-$1.33M
3
PPA
Parametric Portfolio Associates
Washington
-$907K
4
Bank of America
Bank of America
North Carolina
-$844K
5
6M
6 Meridian
Kansas
-$840K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$1.01M +$238K +19,991 +30%
Northwestern Mutual Wealth Management
27
Northwestern Mutual Wealth Management
Wisconsin
$1M -$23.8K -2,000 -2%
COLIM
28
City of London Investment Management
United Kingdom
$843K +$869K +72,883 New
BF
29
BOK Financial
Oklahoma
$793K -$179K -15,000 -18%
LPL Financial
30
LPL Financial
California
$780K -$19.8K -1,661 -2%
CIA
31
Capital Investment Advisors
Georgia
$744K -$47.7K -4,000 -6%
VCM
32
Vivaldi Capital Management
Illinois
$740K +$51.2K +4,293 +7%
MIG
33
Mariner Investment Group
New York
$706K +$23.8K +2,000 +3%
NMC
34
Nine Masts Capital
Hong Kong
$687K +$707K +59,300 New
HK
35
Horizon Kinetics
New York
$674K – – –
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$662K -$771K -64,700 -53%
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$586K +$74.8K +6,279 +14%
Ameriprise
38
Ameriprise
Minnesota
$492K +$263K +22,039 +108%
WS
39
Wedbush Securities
California
$489K – – –
Commonwealth Equity Services
40
Commonwealth Equity Services
Massachusetts
$414K -$8.25K -692 -2%
AGA
41
Accuvest Global Advisors
Utah
$401K – – –
Millennium Management
42
Millennium Management
New York
$393K +$405K +33,951 New
CCP
43
Clough Capital Partners
Massachusetts
$379K – – –
N
44
Nuveen
North Carolina
$377K – – –
WFI
45
West Family Investments
California
$355K – – –
QCIG
46
Quad-Cities Investment Group
Iowa
$337K +$83K +6,962 +32%
Creative Planning
47
Creative Planning
Kansas
$325K +$5.08K +426 +2%
MRCM
48
M&R Capital Management
New Jersey
$296K – – –
AA
49
AQR Arbitrage
Connecticut
$288K -$20.5K -1,721 -6%
DDPIC
50
Deroy & Devereaux Private Investment Counsel
Michigan
$259K +$266K +22,359 New
1
2
3 4

IQI Hedge Fund Activity: Q3 2018 in Review

80 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q3 2018, worth a combined $94.4M — down 11% from $106M a quarter earlier.

Fund positioning in IQI was balanced in Q3 2018: 11 funds opened new positions, 11 closed out, 19 added to existing stakes and 24 trimmed.

The largest buyer was Fiera Capital (Canada), adding an estimated $967K. The largest seller was Karpus Investment Management, cutting an estimated $5.55M.

  • 80 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q3 2018, unchanged from Q2 2018.
  • Funds reported $94.4M of Invesco Quality Municipal Securities stock for Q3 2018, down 11% quarter-over-quarter.
  • 11 funds opened new Invesco Quality Municipal Securities positions in Q3 2018 and 11 closed out, a net change of 0 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q3 2018 was Fiera Capital (Canada), an estimated $967K added.
  • The largest Invesco Quality Municipal Securities seller in Q3 2018 was Karpus Investment Management, an estimated $5.55M sold.

Based on aggregated 13F filings for Q3 2018.