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Invesco Quality Municipal Securities
IQI

87 hedge funds and large institutions have $121M invested in Invesco Quality Municipal Securities in 2021 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 27 increasing their positions, 23 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 23

0% more capital invested

Capital invested by funds: $121M → $121M (+$176K)

0.02% more ownership

Funds ownership: 17.6% → 17.61% (+0.02%)

2% less funds holding

Funds holding: 89 → 87 (-2)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
87
Holders Change
-2
Holders Change %
-2.25%
% of All Funds
1.53%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
27
Reduced
23
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$6.26M
2
Bank of America
Bank of America
North Carolina
+$1.29M
3
PPA
Parametric Portfolio Associates
Washington
+$1.1M
4
SIA
Sit Investment Associates
Minnesota
+$938K
5
RJA
Raymond James & Associates
Florida
+$557K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$6.63M
2
VCM
Vivaldi Capital Management
Illinois
-$2.45M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$994K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$661K
5
MIG
Mariner Investment Group
New York
-$414K
Name Holding Trade Value Shares
Change 		Change in
Stake
Fiera Capital (Canada)
26
Fiera Capital (Canada)
Quebec, Canada
$1.26M -$994K -77,121 -44%
LPL Financial
27
LPL Financial
California
$1.14M -$73.1K -5,668 -6%
LWP
28
Legacy Wealth Planning
Nevada
$992K -$90.9K -7,050 -8%
Northwestern Mutual Wealth Management
29
Northwestern Mutual Wealth Management
Wisconsin
$964K +$49.2K +3,814 +5%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$835K -$864 -67 -0.1%
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$826K +$193 +15 +0%
HKAM
32
Horizon Kinetics Asset Management
New York
$753K – – –
6M
33
6 Meridian
Kansas
$713K +$2.5K +194 +0.4%
CIA
34
Capital Investment Advisors
Georgia
$707K -$3.26K -253 -0.5%
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$680K -$62.9K -4,876 -9%
WS
36
Wedbush Securities
California
$614K – – –
CF
37
Centaurus Financial
California
$517K -$58K -4,500 -10%
FFA
38
First Foundation Advisors
California
$502K -$66.9K -5,191 -12%
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$488K – – –
KAS
40
Kestra Advisory Services
Texas
$487K -$220K -17,050 -31%
KPWS
41
Kestra Private Wealth Services
Texas
$387K +$16.5K +1,278 +4%
FP
42
Financial Perspectives
Minnesota
$362K +$55.9K +4,333 +1,197%
VCM
43
Vivaldi Capital Management
Illinois
$356K -$2.45M -189,858 -87%
Mercer Global Advisors
44
Mercer Global Advisors
Colorado
$346K -$4.23K -328 -1%
LWCFA
45
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$324K – – –
IAIM
46
International Assets Investment Management
Florida
$322K +$150K +11,656 +89%
MA
47
Mutual Advisors
Nebraska
$303K +$90.6K +7,032 +43%
MAFM
48
Mid Atlantic Financial Management
Pennsylvania
$299K -$25.8K -2,000 -8%
FAIM
49
Financial Advocates Investment Management
Washington
$259K -$12.9K -1,001 -5%
FM
50
Family Management
New York
$252K – – –
1
2
3 4

IQI Hedge Fund Activity: Q1 2021 in Review

87 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q1 2021, worth a combined $121M — up 0.15% from $121M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of IQI and 6 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 27 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $6.26M. The largest seller was Karpus Investment Management, cutting an estimated $6.63M.

  • 87 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q1 2021, down from 89 in Q4 2020.
  • Funds reported $121M of Invesco Quality Municipal Securities stock for Q1 2021, up 0.15% quarter-over-quarter.
  • 6 funds opened new Invesco Quality Municipal Securities positions in Q1 2021 and 7 closed out, a net change of -1 holder.
  • The largest Invesco Quality Municipal Securities buyer in Q1 2021 was Rivernorth Capital Management, an estimated $6.26M added.
  • The largest Invesco Quality Municipal Securities seller in Q1 2021 was Karpus Investment Management, an estimated $6.63M sold.

Based on aggregated 13F filings for Q1 2021.