Invesco Quality Municipal Securities
IQI
51 hedge funds and large institutions have $51M invested in Invesco Quality Municipal Securities in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 19 reducing their positions, and 6 closing their positions.
0.37% less ownership
Funds ownership: 8.33% → 7.96% (-0.37%)
4% less funds holding
Funds holding: 53 → 51 (-2)
9% less capital invested
Capital invested by funds: $56M → $51M (-$5.07M)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
53% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
+$2.49M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.26M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.18M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$791K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$624K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.38M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.12M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.55M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$822K |
| 5 |
LPL Financial
San Diego,
California
|
-$744K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| $4K | -$1.52K | -134 | -29% |
|
52
Northern Trust
Chicago,
Illinois
| $1K | – | – | – |
|
|
WAM
53
Wolverine Asset Management
Chicago,
Illinois
| – | -$679K | -56,028 | Closed |
|
|
RJFSA
54
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$377K | -31,075 | Closed |
|
|
KCM
55
Kornitzer Capital Management
Shawnee Mission,
Kansas
| – | -$159K | -13,107 | Closed |
|
|
CIM
56
Contravisory Investment Management
Norwell,
Massachusetts
| – | -$30K | -2,455 | Closed |
|
|
FANJ
57
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$13K | -1,107 | Closed |
|
|
GI
58
Gradient Investments
Arden Hills,
Minnesota
| – | -$4K | -331 | Closed |
|
IQI Hedge Fund Activity: Q3 2013 in Review
51 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q3 2013, worth a combined $51M — down 9% from $56M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of IQI and 5 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 9 added.
The largest buyer was Fir Tree Capital Management, opening a new position worth an estimated $2.49M. The largest seller was Advisors Asset Management, cutting an estimated $2.38M.
- 51 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q3 2013, down from 53 in Q2 2013.
- Funds reported $51M of Invesco Quality Municipal Securities stock for Q3 2013, down 9% quarter-over-quarter.
- 5 funds opened new Invesco Quality Municipal Securities positions in Q3 2013 and 6 closed out, a net change of -1 holder.
- The largest Invesco Quality Municipal Securities buyer in Q3 2013 was Fir Tree Capital Management, an estimated $2.49M added.
- The largest Invesco Quality Municipal Securities seller in Q3 2013 was Advisors Asset Management, an estimated $2.38M sold.
Based on aggregated 13F filings for Q3 2013.