Invesco Quality Municipal Securities
IQI
71 hedge funds and large institutions have $106M invested in Invesco Quality Municipal Securities in 2016 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 20 increasing their positions, 19 reducing their positions, and 8 closing their positions.
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
5% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 19
0% more funds holding
Funds holding: 71 → 71 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $111M → $106M (-$4.75M)
1.56% less ownership
Funds ownership: 16.63% → 15.07% (-1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$2.59M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.78M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.49M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.27M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$9.78M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$5.78M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.49M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.26M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$924K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
HighTower Advisors
Chicago,
Illinois
| – | -$150K | -11,804 | Closed |
|
|
IA
77
IFP Advisors
Tampa,
Florida
| – | -$146K | -11,484 | Closed |
|
|
AIA
78
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$113K | -8,880 | Closed |
|
|
RCM
79
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$49K | -3,864 | Closed |
|
80
Citigroup
New York
| – | +$181 | +14 | New |
|
IQI Hedge Fund Activity: Q1 2016 in Review
71 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q1 2016, worth a combined $106M — down 4.3% from $111M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new IQI positions and 8 closed out — a net gain of 1 holder — while 20 added to existing stakes and 19 trimmed.
The largest buyer was Yorktown Management & Research Company, opening a new position worth an estimated $2.59M. The largest seller was Karpus Investment Management, cutting an estimated $9.78M.
- 71 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q1 2016, unchanged from Q4 2015.
- Funds reported $106M of Invesco Quality Municipal Securities stock for Q1 2016, down 4.3% quarter-over-quarter.
- 9 funds opened new Invesco Quality Municipal Securities positions in Q1 2016 and 8 closed out, a net change of +1 holder.
- The largest Invesco Quality Municipal Securities buyer in Q1 2016 was Yorktown Management & Research Company, an estimated $2.59M added.
- The largest Invesco Quality Municipal Securities seller in Q1 2016 was Karpus Investment Management, an estimated $9.78M sold.
Based on aggregated 13F filings for Q1 2016.