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Invesco Quality Municipal Securities
IQI

89 hedge funds and large institutions have $116M invested in Invesco Quality Municipal Securities in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

23% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 22

9% more capital invested

Capital invested by funds: $106M → $116M (+$9.88M)

7% more funds holding

Funds holding: 83 → 89 (+6)

1.22% more ownership

Funds ownership: 17.16% → 18.38% (+1.2%)

Holders
89
Holders Change
+6
Holders Change %
+7.23%
% of All Funds
1.82%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
27
Reduced
22
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$4.07M
2
PPA
Parametric Portfolio Associates
Washington
+$2.02M
3
GC
Guggenheim Capital
Illinois
+$1.3M
4
RCM
Robinson Capital Management
Michigan
+$987K
5
COLIM
City of London Investment Management
United Kingdom
+$930K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$911K
2
SIA
Sit Investment Associates
Minnesota
-$600K
3
KIM
Karpus Investment Management
New York
-$584K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$488K
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$395K
Name Holding Trade Value Shares
Change 		Change in
Stake
BF
26
BOK Financial
Oklahoma
$1.18M – – –
First Trust Advisors
27
First Trust Advisors
Illinois
$1.04M +$13.5K +1,152 +1%
AA
28
AQR Arbitrage
Connecticut
$950K +$298K +25,420 +47%
COLIM
29
City of London Investment Management
United Kingdom
$950K +$930K +79,379 New
LPL Financial
30
LPL Financial
California
$884K +$36.9K +3,147 +4%
LWP
31
Legacy Wealth Planning
Nevada
$808K +$3.17K +271 +0.4%
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$794K +$106K +9,081 +16%
6M
33
6 Meridian
Kansas
$727K +$316K +26,992 +79%
HKAM
34
Horizon Kinetics Asset Management
New York
$692K – – –
CIA
35
Capital Investment Advisors
Georgia
$665K +$10.1K +863 +2%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$610K -$488K -41,697 -45%
FFA
37
First Foundation Advisors
California
$595K +$8.19K +699 +1%
Northwestern Mutual Wealth Management
38
Northwestern Mutual Wealth Management
Wisconsin
$586K -$118K -10,059 -17%
Janney Montgomery Scott
39
Janney Montgomery Scott
Pennsylvania
$581K +$571K +48,770 New
WS
40
Wedbush Securities
California
$565K – – –
CF
41
Centaurus Financial
California
$564K +$46.8K +4,000 +9%
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$447K -$66.8K -5,700 -13%
N
43
Nuveen
North Carolina
$388K – – –
WFI
44
West Family Investments
California
$386K – – –
MIG
45
Mariner Investment Group
New York
$378K +$36.3K +3,100 +11%
MAFM
46
Mid Atlantic Financial Management
Pennsylvania
$347K +$15.5K +1,325 +5%
DWM
47
Dakota Wealth Management
Florida
$263K – – –
RIG
48
Ramiah Investment Group
Wisconsin
$261K +$257K +21,934 New
FAIM
49
Financial Advocates Investment Management
Washington
$246K +$242K +20,631 New
Creative Planning
50
Creative Planning
Kansas
$242K -$10.5K -900 -4%
1
2
3 4

IQI Hedge Fund Activity: Q2 2020 in Review

89 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q2 2020, worth a combined $116M — up 9.3% from $106M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new IQI positions and 6 closed out — a net gain of 6 holders — while 27 added to existing stakes and 22 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $4.07M. The largest seller was UBS Group, cutting an estimated $911K.

  • 89 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q2 2020, up from 83 in Q1 2020.
  • Funds reported $116M of Invesco Quality Municipal Securities stock for Q2 2020, up 9.3% quarter-over-quarter.
  • 12 funds opened new Invesco Quality Municipal Securities positions in Q2 2020 and 6 closed out, a net change of +6 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q2 2020 was Rivernorth Capital Management, an estimated $4.07M added.
  • The largest Invesco Quality Municipal Securities seller in Q2 2020 was UBS Group, an estimated $911K sold.

Based on aggregated 13F filings for Q2 2020.