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Invesco Quality Municipal Securities
IQI

78 hedge funds and large institutions have $99.9M invested in Invesco Quality Municipal Securities in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 23 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 23

4% more capital invested

Capital invested by funds: $96.4M → $99.9M (+$3.58M)

0.64% less ownership

Funds ownership: 16.24% → 15.6% (-0.64%)

6% less funds holding

Funds holding: 83 → 78 (-5)

25% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 12

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
78
Holders Change
-5
Holders Change %
-6.02%
% of All Funds
1.69%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
26
Reduced
23
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$3.22M
2
CC
Claybrook Capital
Massachusetts
+$2.83M
3
PCP
Proficio Capital Partners
Massachusetts
+$661K
4
COLIM
City of London Investment Management
United Kingdom
+$368K
5
Stifel Financial
Stifel Financial
Missouri
+$342K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$3.67M
2
MIG
Mariner Investment Group
New York
-$1.19M
3
WAM
Wolverine Asset Management
Illinois
-$1.17M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.16M
5
AA
AQR Arbitrage
Connecticut
-$951K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
26
Karpus Investment Management
New York
$1.1M -$3.67M -309,488 -77%
RJFSA
27
Raymond James Financial Services Advisors
Florida
$1.06M +$105K +8,836 +11%
VCM
28
Vivaldi Capital Management
Illinois
$1.05M +$120K +10,099 +13%
TCM
29
Tradewinds Capital Management
Washington
$976K +$237 +20 +0%
Ameriprise
30
Ameriprise
Minnesota
$919K +$142K +11,937 +19%
First Trust Advisors
31
First Trust Advisors
Illinois
$915K +$82.7K +6,965 +10%
Northwestern Mutual Wealth Management
32
Northwestern Mutual Wealth Management
Wisconsin
$821K -$69.1K -5,821 -8%
BF
33
BOK Financial
Oklahoma
$817K +$11.9K +1,000 +2%
FFA
34
First Foundation Advisors
California
$758K -$261K -21,967 -26%
CIA
35
Capital Investment Advisors
Georgia
$711K -$48.4K -4,075 -6%
HKAM
36
Horizon Kinetics Asset Management
New York
$705K +$691K +58,191 New
LPL Financial
37
LPL Financial
California
$702K +$487 +41 +0.1%
PCP
38
Proficio Capital Partners
Massachusetts
$675K +$661K +55,720 New
6M
39
6 Meridian
Kansas
$655K +$90.2K +7,596 +16%
FCA
40
FinTrust Capital Advisors
South Carolina
$642K – – –
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$458K -$35.8K -3,014 -7%
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$448K +$69.3K +5,841 +19%
MAFM
43
Mid Atlantic Financial Management
Pennsylvania
$419K -$58.5K -4,925 -12%
AGA
44
Accuvest Global Advisors
Utah
$419K – – –
N
45
Nuveen
North Carolina
$394K – – –
WFI
46
West Family Investments
California
$371K – – –
GEM
47
Global Endowment Management
North Carolina
$354K – – –
ACA
48
Aptus Capital Advisors
Alabama
$294K +$289K +24,305 New
ICA
49
Infrastructure Capital Advisors
New York
$260K – – –
FM
50
Family Management
New York
$254K +$249K +20,955 New
1
2
3 4

IQI Hedge Fund Activity: Q1 2019 in Review

78 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q1 2019, worth a combined $99.9M — up 3.7% from $96.4M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of IQI and 9 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 26 added.

The largest buyer was Parametric Portfolio Associates, adding an estimated $3.22M. The largest seller was Karpus Investment Management, cutting an estimated $3.67M.

  • 78 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q1 2019, down from 83 in Q4 2018.
  • Funds reported $99.9M of Invesco Quality Municipal Securities stock for Q1 2019, up 3.7% quarter-over-quarter.
  • 9 funds opened new Invesco Quality Municipal Securities positions in Q1 2019 and 12 closed out, a net change of -3 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q1 2019 was Parametric Portfolio Associates, an estimated $3.22M added.
  • The largest Invesco Quality Municipal Securities seller in Q1 2019 was Karpus Investment Management, an estimated $3.67M sold.

Based on aggregated 13F filings for Q1 2019.