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Invesco Quality Municipal Securities
IQI

78 hedge funds and large institutions have $99.9M invested in Invesco Quality Municipal Securities in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 23 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 23

4% more capital invested

Capital invested by funds: $96.4M → $99.9M (+$3.58M)

0.64% less ownership

Funds ownership: 16.24% → 15.6% (-0.64%)

6% less funds holding

Funds holding: 83 → 78 (-5)

25% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 12

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
78
Holders Change
-5
Holders Change %
-6.02%
% of All Funds
1.69%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
26
Reduced
23
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$3.22M
2
CC
Claybrook Capital
Massachusetts
+$2.83M
3
PCP
Proficio Capital Partners
Massachusetts
+$661K
4
COLIM
City of London Investment Management
United Kingdom
+$368K
5
Stifel Financial
Stifel Financial
Missouri
+$342K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$3.67M
2
MIG
Mariner Investment Group
New York
-$1.19M
3
WAM
Wolverine Asset Management
Illinois
-$1.17M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.16M
5
AA
AQR Arbitrage
Connecticut
-$951K
Name Holding Trade Value Shares
Change 		Change in
Stake
PB
76
Pinnacle Bancorp
Nebraska
$4K – – –
ASN
77
Advisory Services Network
Georgia
$2K +$24 +2 +1%
RFC
78
Regions Financial Corp
Alabama
$1K +$1.35K +114 New
MIG
79
Mariner Investment Group
New York
– -$1.19M -105,928 Closed
WAM
80
Wolverine Asset Management
Illinois
– -$1.17M -103,960 Closed
WAM
81
Weiss Asset Management
Massachusetts
– -$638K -56,897 Closed
CRC
82
Curi RMB Capital
Illinois
– -$244K -21,788 Closed
MWM
83
Merriman Wealth Management
Washington
– -$241K -21,045 Closed
FCH
84
Freestone Capital Holdings
Washington
– -$174K -15,550 Closed
TSS
85
Two Sigma Securities
New York
– -$156K -13,887 Closed
Carson Wealth (CWM LLC)
86
Carson Wealth (CWM LLC)
Nebraska
– -$151K -13,468 Closed
FIA
87
FNY Investment Advisers
New York
– -$23K -2,056 Closed
IA
88
IFP Advisors
Florida
– -$17K -1,537 Closed
MA
89
MUFG Americas
New York
– -$7K -614 Closed
CAM
90
Cresset Asset Management
Illinois
– +$12 +1 New
1 2 3
4

IQI Hedge Fund Activity: Q1 2019 in Review

78 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q1 2019, worth a combined $99.9M — up 3.7% from $96.4M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of IQI and 9 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 26 added.

The largest buyer was Parametric Portfolio Associates, adding an estimated $3.22M. The largest seller was Karpus Investment Management, cutting an estimated $3.67M.

  • 78 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q1 2019, down from 83 in Q4 2018.
  • Funds reported $99.9M of Invesco Quality Municipal Securities stock for Q1 2019, up 3.7% quarter-over-quarter.
  • 9 funds opened new Invesco Quality Municipal Securities positions in Q1 2019 and 12 closed out, a net change of -3 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q1 2019 was Parametric Portfolio Associates, an estimated $3.22M added.
  • The largest Invesco Quality Municipal Securities seller in Q1 2019 was Karpus Investment Management, an estimated $3.67M sold.

Based on aggregated 13F filings for Q1 2019.