Invesco Quality Municipal Securities
IQI
52 hedge funds and large institutions have $67.6M invested in Invesco Quality Municipal Securities in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 5 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 10
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
2% more funds holding
Funds holding: 51 → 52 (+1)
2% more capital invested
Capital invested by funds: $66.6M → $67.6M (+$1.01M)
0.29% more ownership
Funds ownership: 10.26% → 10.55% (+0.29%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$712K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$493K |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$452K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$317K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$310K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Gruss Capital Management
New York
|
-$729K |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$544K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$196K |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$187K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$67.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TJHA
51
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $7K | – | – | – |
|
|
GCM
52
Gruss Capital Management
New York
| – | -$729K | -59,355 | Closed |
|
|
CIA
53
Capital Investment Advisors
Atlanta,
Georgia
| – | -$544K | -44,267 | Closed |
|
54
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$49K | -4,000 | Closed |
|
55
M&T Bank
Buffalo,
New York
| – | -$39K | -3,197 | Closed |
|
|
DBT
56
Dubuque Bank & Trust
Dubuque,
Iowa
| – | -$4K | -317 | Closed |
|
57
Citigroup
New York
| – | -$2.21K | -182 | -85% |
|
IQI Hedge Fund Activity: Q3 2014 in Review
52 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q3 2014, worth a combined $67.6M — up 1.5% from $66.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new IQI positions and 5 closed out — a net gain of 1 holder — while 18 added to existing stakes and 10 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $712K. The largest seller was Gruss Capital Management, exiting entirely with an estimated $729K sold.
- 52 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q3 2014, up from 51 in Q2 2014.
- Funds reported $67.6M of Invesco Quality Municipal Securities stock for Q3 2014, up 1.5% quarter-over-quarter.
- 6 funds opened new Invesco Quality Municipal Securities positions in Q3 2014 and 5 closed out, a net change of +1 holder.
- The largest Invesco Quality Municipal Securities buyer in Q3 2014 was Deutsche Bank, an estimated $712K added.
- The largest Invesco Quality Municipal Securities seller in Q3 2014 was Gruss Capital Management, an estimated $729K sold.
Based on aggregated 13F filings for Q3 2014.