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Invesco Quality Municipal Securities
IQI

83 hedge funds and large institutions have $106M invested in Invesco Quality Municipal Securities in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 21 increasing their positions, 29 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

1.24% more ownership

Funds ownership: 15.92% → 17.16% (+1.2%)

0% more capital invested

Capital invested by funds: $106M → $106M (+$219K)

1% less funds holding

Funds holding: 84 → 83 (-1)

28% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 29

Holders
83
Holders Change
-1
Holders Change %
-1.19%
% of All Funds
1.83%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
21
Reduced
29
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$14.4M
2
VCM
Vivaldi Capital Management
Illinois
+$1.65M
3
GC
Guggenheim Capital
Illinois
+$731K
4
AA
AQR Arbitrage
Connecticut
+$675K
5
SIA
Sit Investment Associates
Minnesota
+$572K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$2.45M
2
PPA
Parametric Portfolio Associates
Washington
-$1.95M
3
Morgan Stanley
Morgan Stanley
New York
-$1.86M
4
UBS Group
UBS Group
Switzerland
-$989K
5
FCA
FinTrust Capital Advisors
South Carolina
-$653K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$1.11M -$56.1K -4,508 -5%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$1.09M -$90.1K -7,243 -7%
First Trust Advisors
28
First Trust Advisors
Illinois
$1.01M +$85K +6,835 +9%
LPL Financial
29
LPL Financial
California
$831K +$89.5K +7,196 +11%
LWP
30
Legacy Wealth Planning
Nevada
$790K +$95.7K +7,694 +13%
Northwestern Mutual Wealth Management
31
Northwestern Mutual Wealth Management
Wisconsin
$694K -$36.4K -2,929 -5%
HKAM
32
Horizon Kinetics Asset Management
New York
$680K -$1.69K -136 -0.2%
Commonwealth Equity Services
33
Commonwealth Equity Services
Massachusetts
$673K +$37.8K +3,041 +6%
CIA
34
Capital Investment Advisors
Georgia
$643K -$15.8K -1,269 -2%
AA
35
AQR Arbitrage
Connecticut
$636K +$675K +54,302 New
FFA
36
First Foundation Advisors
California
$576K +$28.3K +2,275 +5%
WS
37
Wedbush Securities
California
$555K – – –
CF
38
Centaurus Financial
California
$508K +$49.8K +4,000 +10%
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$507K +$81.3K +6,535 +18%
BI
40
Bramshill Investments
Florida
$419K +$446K +35,821 New
6M
41
6 Meridian
Kansas
$398K -$232K -18,649 -35%
N
42
Nuveen
North Carolina
$381K – – –
WFI
43
West Family Investments
California
$359K – – –
GEM
44
Global Endowment Management
North Carolina
$342K – – –
MIG
45
Mariner Investment Group
New York
$335K +$356K +28,625 New
MAFM
46
Mid Atlantic Financial Management
Pennsylvania
$326K -$52.2K -4,200 -13%
AAM
47
Advisors Asset Management
Colorado
$307K -$476K -38,232 -59%
Goldman Sachs
48
Goldman Sachs
New York
$283K +$301K +24,169 New
DWM
49
Dakota Wealth Management
Florida
$259K +$275K +22,100 New
Creative Planning
50
Creative Planning
Kansas
$248K -$597 -48 -0.2%
1
2
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IQI Hedge Fund Activity: Q1 2020 in Review

83 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q1 2020, worth a combined $106M — up 0.21% from $106M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new IQI positions and 7 closed out — a net gain of 2 holders — while 21 added to existing stakes and 29 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $14.4M. The largest seller was Robinson Capital Management, cutting an estimated $2.45M.

  • 83 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q1 2020, down from 84 in Q4 2019.
  • Funds reported $106M of Invesco Quality Municipal Securities stock for Q1 2020, up 0.21% quarter-over-quarter.
  • 9 funds opened new Invesco Quality Municipal Securities positions in Q1 2020 and 7 closed out, a net change of +2 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q1 2020 was Karpus Investment Management, an estimated $14.4M added.
  • The largest Invesco Quality Municipal Securities seller in Q1 2020 was Robinson Capital Management, an estimated $2.45M sold.

Based on aggregated 13F filings for Q1 2020.