Invesco Quality Municipal Securities
IQI
75 hedge funds and large institutions have $102M invested in Invesco Quality Municipal Securities in 2019 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 25 increasing their positions, 18 reducing their positions, and 7 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 18
4% more capital invested
Capital invested by funds: $98.2M → $102M (+$3.71M)
0.25% more ownership
Funds ownership: 15.17% → 15.42% (+0.25%)
0% more funds holding
Funds holding: 75 → 75 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$4.5M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.23M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.14M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$862K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$820K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$2.48M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.9M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$1.45M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.05M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$857K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
HighTower Advisors
Chicago,
Illinois
| – | -$2.48M | -198,488 | Closed |
|
|
PCP
77
Proficio Capital Partners
Newton,
Massachusetts
| – | -$658K | -53,017 | Closed |
|
|
ICA
78
Infrastructure Capital Advisors
New York
| – | -$267K | -21,500 | Closed |
|
|
WAM
79
Wolverine Asset Management
Chicago,
Illinois
| – | -$54K | -4,357 | Closed |
|
|
RFA
80
Reilly Financial Advisors
La Mesa,
California
| – | -$11K | -850 | Closed |
|
81
Fidelity Investments
Boston,
Massachusetts
| – | +$13 | +1 | New |
|
IQI Hedge Fund Activity: Q3 2019 in Review
75 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q3 2019, worth a combined $102M — up 3.8% from $98.2M a quarter earlier.
Fund positioning in IQI was balanced in Q3 2019: 7 funds opened new positions, 7 closed out, 25 added to existing stakes and 18 trimmed.
The largest buyer was Mackay Shields LLC, adding an estimated $4.5M. The largest seller was HighTower Advisors, exiting entirely with an estimated $2.48M sold.
- 75 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q3 2019, unchanged from Q2 2019.
- Funds reported $102M of Invesco Quality Municipal Securities stock for Q3 2019, up 3.8% quarter-over-quarter.
- 7 funds opened new Invesco Quality Municipal Securities positions in Q3 2019 and 7 closed out, a net change of 0 holders.
- The largest Invesco Quality Municipal Securities buyer in Q3 2019 was Mackay Shields LLC, an estimated $4.5M added.
- The largest Invesco Quality Municipal Securities seller in Q3 2019 was HighTower Advisors, an estimated $2.48M sold.
Based on aggregated 13F filings for Q3 2019.