Invesco Quality Municipal Securities
IQI
67 hedge funds and large institutions have $94.1M invested in Invesco Quality Municipal Securities in 2016 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 12 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.16% less ownership
Funds ownership: 15.07% → 12.91% (-2.2%)
6% less funds holding
Funds holding: 71 → 67 (-4)
11% less capital invested
Capital invested by funds: $106M → $94.1M (-$11.7M)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.71M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.25M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.18M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$968K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$889K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$12.1M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$5.79M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.47M |
| 4 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$1.35M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$993K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TWA
76
TCI Wealth Advisors
Tucson,
Arizona
| – | -$66K | -5,000 | Closed |
|
|
AIG
77
American International Group
New York
| – | -$34K | -2,576 | Closed |
|
|
WAM
78
Wolverine Asset Management
Chicago,
Illinois
| – | -$15K | -1,199 | Closed |
|
79
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$5K | -379 | Closed |
|
IQI Hedge Fund Activity: Q2 2016 in Review
67 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q2 2016, worth a combined $94.1M — down 11% from $106M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of IQI and 8 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 20 added.
The largest buyer was UBS Group, adding an estimated $1.71M. The largest seller was Karpus Investment Management, cutting an estimated $12.1M.
- 67 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q2 2016, down from 71 in Q1 2016.
- Funds reported $94.1M of Invesco Quality Municipal Securities stock for Q2 2016, down 11% quarter-over-quarter.
- 8 funds opened new Invesco Quality Municipal Securities positions in Q2 2016 and 12 closed out, a net change of -4 holders.
- The largest Invesco Quality Municipal Securities buyer in Q2 2016 was UBS Group, an estimated $1.71M added.
- The largest Invesco Quality Municipal Securities seller in Q2 2016 was Karpus Investment Management, an estimated $12.1M sold.
Based on aggregated 13F filings for Q2 2016.