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Invesco Quality Municipal Securities
IQI

60 hedge funds and large institutions have $88M invested in Invesco Quality Municipal Securities in 2015 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 17

0.4% less ownership

Funds ownership: 14.56% → 14.16% (-0.4%)

3% less funds holding

Funds holding: 62 → 60 (-2)

9% less capital invested

Capital invested by funds: $96.7M → $88M (-$8.71M)

22% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 9

Holders
60
Holders Change
-2
Holders Change %
-3.23%
% of All Funds
1.62%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
19
Reduced
17
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$4.35M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$1.42M
3
LCM
Landscape Capital Management
New Jersey
+$936K
4
AAM
Advisors Asset Management
Colorado
+$642K
5
Wells Fargo
Wells Fargo
California
+$609K

Top Sellers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
-$6.54M
2
Bank of America
Bank of America
North Carolina
-$2.73M
3
Goldman Sachs
Goldman Sachs
New York
-$1.35M
4
DA
Doliver Advisors
Texas
-$880K
5
PAM
PT Asset Management
Illinois
-$314K
Name Holding Trade Value Shares
Change 		Change in
Stake
WT
51
Whittier Trust
California
$47K – – –
DBT
52
Dubuque Bank & Trust
Iowa
$33K – – –
AIG
53
American International Group
New York
$30.4K – – –
EWM
54
Edge Wealth Management
New York
$18K – – –
Bank of Montreal
55
Bank of Montreal
Ontario, Canada
$18K +$18.2K +1,500 New
Thrivent Financial for Lutherans
56
Thrivent Financial for Lutherans
Minnesota
$14K – – –
DAM
57
Delta Asset Management
Tennessee
$12K – – –
Fifth Third Bancorp
58
Fifth Third Bancorp
Ohio
$6K +$5.94K +489 New
N
59
Nuveen
North Carolina
$499 – – –
Goldman Sachs
60
Goldman Sachs
New York
– -$1.35M -107,383 Closed
DA
61
Doliver Advisors
Texas
– -$880K -70,101 Closed
PAM
62
PT Asset Management
Illinois
– -$314K -25,000 Closed
VKH
63
Virtu KCG Holdings
New York
– -$305K -24,278 Closed
WA
64
WealthTrust Axiom
Pennsylvania
– -$157K -12,500 Closed
Creative Planning
65
Creative Planning
Kansas
– -$117K -9,284 Closed
FNBT
66
FineMark National Bank & Trust
Florida
– -$25K -2,000 Closed
ARMC
67
American Research & Management Company
Massachusetts
– -$18K -1,461 Closed
Citigroup
68
Citigroup
New York
– -$15K -1,186 Closed
Barclays
69
Barclays
United Kingdom
– -$924 -76 -99%
1 2
3

IQI Hedge Fund Activity: Q2 2015 in Review

60 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q2 2015, worth a combined $88M — down 9% from $96.7M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of IQI and 7 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 19 added.

The largest buyer was Karpus Investment Management, adding an estimated $4.35M. The largest seller was Deutsche Bank, cutting an estimated $6.54M.

  • 60 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q2 2015, down from 62 in Q1 2015.
  • Funds reported $88M of Invesco Quality Municipal Securities stock for Q2 2015, down 9% quarter-over-quarter.
  • 7 funds opened new Invesco Quality Municipal Securities positions in Q2 2015 and 9 closed out, a net change of -2 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q2 2015 was Karpus Investment Management, an estimated $4.35M added.
  • The largest Invesco Quality Municipal Securities seller in Q2 2015 was Deutsche Bank, an estimated $6.54M sold.

Based on aggregated 13F filings for Q2 2015.