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Invesco Quality Municipal Securities
IQI

89 hedge funds and large institutions have $121M invested in Invesco Quality Municipal Securities in 2020 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 28 increasing their positions, 23 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 23

4% more capital invested

Capital invested by funds: $116M → $121M (+$4.45M)

0.25% less ownership

Funds ownership: 17.84% → 17.6% (-0.25%)

3% less funds holding

Funds holding: 92 → 89 (-3)

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9

Holders
89
Holders Change
-3
Holders Change %
-3.26%
% of All Funds
1.57%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
28
Reduced
23
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$1.14M
2
PPA
Parametric Portfolio Associates
Washington
+$852K
3
RJA
Raymond James & Associates
Florida
+$371K
4
HighTower Advisors
HighTower Advisors
Illinois
+$274K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$263K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$2.87M
2
MSL
Mackay Shields LLC
New York
-$909K
3
N
Nuveen
North Carolina
-$402K
4
AAS
Avantax Advisory Services
Texas
-$330K
5
SIA
Sit Investment Associates
Minnesota
-$318K
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
26
First Trust Advisors
Illinois
$1.25M +$28K +2,232 +2%
LPL Financial
27
LPL Financial
California
$1.22M +$220K +17,581 +23%
COLIM
28
City of London Investment Management
United Kingdom
$1.18M – – –
LWP
29
Legacy Wealth Planning
Nevada
$1.09M -$47.2K -3,768 -4%
Northwestern Mutual Wealth Management
30
Northwestern Mutual Wealth Management
Wisconsin
$919K +$120K +9,542 +16%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$841K +$173K +13,841 +27%
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$830K +$19.6K +1,566 +3%
HKAM
33
Horizon Kinetics Asset Management
New York
$757K – – –
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$747K -$8.76K -699 -1%
CIA
35
Capital Investment Advisors
Georgia
$714K – – –
6M
36
6 Meridian
Kansas
$714K +$940 +75 +0.1%
KAS
37
Kestra Advisory Services
Texas
$706K +$249K +19,900 +57%
WS
38
Wedbush Securities
California
$618K – – –
CF
39
Centaurus Financial
California
$578K – – –
FFA
40
First Foundation Advisors
California
$572K -$6.26K -500 -1%
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$490K -$6.26K -500 -1%
MIG
42
Mariner Investment Group
New York
$414K – – –
KPWS
43
Kestra Private Wealth Services
Texas
$370K +$109K +8,689 +44%
Mercer Global Advisors
44
Mercer Global Advisors
Colorado
$352K +$6.19K +494 +2%
MAFM
45
Mid Atlantic Financial Management
Pennsylvania
$326K -$15K -1,200 -5%
LWCFA
46
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$326K – – –
HighTower Advisors
47
HighTower Advisors
Illinois
$284K +$274K +21,839 New
FAIM
48
Financial Advocates Investment Management
Washington
$274K +$2.04K +163 +0.8%
SBH
49
Segall Bryant & Hamill
Illinois
$261K – – –
FM
50
Family Management
New York
$254K – – –
1
2
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IQI Hedge Fund Activity: Q4 2020 in Review

89 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q4 2020, worth a combined $121M — up 3.8% from $116M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of IQI and 6 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 28 added.

The largest buyer was UBS Group, adding an estimated $1.14M. The largest seller was Karpus Investment Management, cutting an estimated $2.87M.

  • 89 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q4 2020, down from 92 in Q3 2020.
  • Funds reported $121M of Invesco Quality Municipal Securities stock for Q4 2020, up 3.8% quarter-over-quarter.
  • 6 funds opened new Invesco Quality Municipal Securities positions in Q4 2020 and 9 closed out, a net change of -3 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q4 2020 was UBS Group, an estimated $1.14M added.
  • The largest Invesco Quality Municipal Securities seller in Q4 2020 was Karpus Investment Management, an estimated $2.87M sold.

Based on aggregated 13F filings for Q4 2020.