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Invesco Quality Municipal Securities
IQI

62 hedge funds and large institutions have $79.2M invested in Invesco Quality Municipal Securities in 2016 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 26 increasing their positions, 15 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 15

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2.04% less ownership

Funds ownership: 12.91% → 10.86% (-2%)

7% less funds holding

Funds holding: 67 → 62 (-5)

16% less capital invested

Capital invested by funds: $94.1M → $79.2M (-$14.9M)

42% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 12

Holders
62
Holders Change
-5
Holders Change %
-7.46%
% of All Funds
1.65%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
7
Increased
26
Reduced
15
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$2.43M
2
GC
Guggenheim Capital
Illinois
+$1.47M
3
UBS Group
UBS Group
Switzerland
+$1.2M
4
SIA
Sit Investment Associates
Minnesota
+$848K
5
FFA
First Foundation Advisors
California
+$703K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$11M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.22M
3
MSL
Mackay Shields LLC
New York
-$1.86M
4
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$1.54M
5
YMRC
Yorktown Management & Research Company
Virginia
-$1.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
MFS
51
MSI Financial Services
Massachusetts
$111K +$832 +60 +0.8%
HI
52
Hudock Inc
Pennsylvania
$99K – – –
WT
53
Whittier Trust
California
$55K -$14 -1 -0%
GWM
54
Geneos Wealth Management
Colorado
$53K – – –
WP
55
WealthPLAN Partners
Nebraska
$43.2K -$358K -25,839 -89%
AG
56
Advisor Group
Arizona
$40K +$4.64K +335 +13%
ASN
57
Advisory Services Network
Georgia
$33K +$29.8K +2,150 +927%
LWM
58
LBA Wealth Management
Florida
$16K – – –
Thrivent Financial for Lutherans
59
Thrivent Financial for Lutherans
Minnesota
$15K – – –
Manulife (Manufacturers Life Insurance)
60
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$8K +$7.86K +567 New
DAM
61
Delta Asset Management
Tennessee
$7K -$1.39K -100 -17%
Fifth Third Bancorp
62
Fifth Third Bancorp
Ohio
$7K – – –
NFG
63
Next Financial Group
Texas
$6K +$6.24K +450 New
1832 Asset Management
64
1832 Asset Management
Ontario, Canada
– -$1.54M -110,977 Closed
YMRC
65
Yorktown Management & Research Company
Virginia
– -$1.38M -100,000 Closed
Northwestern Mutual Wealth Management
66
Northwestern Mutual Wealth Management
Wisconsin
– -$1.28M -92,443 Closed
CRC
67
Curi RMB Capital
Illinois
– -$1.27M -92,259 Closed
RCM
68
Robinson Capital Management
Michigan
– -$534K -38,606 Closed
LCM
69
Laurion Capital Management
New York
– -$362K -26,200 Closed
DA
70
Doliver Advisors
Texas
– -$257K -18,536 Closed
AIM
71
Allen Investment Management
New York
– -$183K -13,256 Closed
WS
72
Wedbush Securities
California
– -$158K -11,448 Closed
CYG
73
Clean Yield Group
Vermont
– -$62.4K -4,500 Closed
LWCFA
74
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
– -$51K -3,661 Closed
TJHA
75
Thomas J. Herzfeld Advisors
Florida
– -$28K -2,000 Closed
1 2
3

IQI Hedge Fund Activity: Q3 2016 in Review

62 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q3 2016, worth a combined $79.2M — down 16% from $94.1M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of IQI and 7 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 26 added.

The largest buyer was Wells Fargo, adding an estimated $2.43M. The largest seller was Karpus Investment Management, cutting an estimated $11M.

  • 62 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q3 2016, down from 67 in Q2 2016.
  • Funds reported $79.2M of Invesco Quality Municipal Securities stock for Q3 2016, down 16% quarter-over-quarter.
  • 7 funds opened new Invesco Quality Municipal Securities positions in Q3 2016 and 12 closed out, a net change of -5 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q3 2016 was Wells Fargo, an estimated $2.43M added.
  • The largest Invesco Quality Municipal Securities seller in Q3 2016 was Karpus Investment Management, an estimated $11M sold.

Based on aggregated 13F filings for Q3 2016.