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Invesco Quality Municipal Securities
IQI

87 hedge funds and large institutions have $137M invested in Invesco Quality Municipal Securities in 2022 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 28 increasing their positions, 21 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 21

13% more capital invested

Capital invested by funds: $121M → $137M (+$16.2M)

2.4% more ownership

Funds ownership: 25.13% → 27.54% (+2.4%)

7% less funds holding

Funds holding: 94 → 87 (-7)

22% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 18

Holders
87
Holders Change
-7
Holders Change %
-7.45%
% of All Funds
1.4%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
28
Reduced
21
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$11.4M
2
Morgan Stanley
Morgan Stanley
New York
+$2.09M
3
GC
Guggenheim Capital
Illinois
+$1.72M
4
RJA
Raymond James & Associates
Florida
+$1.32M
5
Wells Fargo
Wells Fargo
California
+$1.26M

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$3.14M
2
MSL
Mackay Shields LLC
New York
-$1.76M
3
CF
Centaurus Financial
California
-$862K
4
RCM
Rivernorth Capital Management
Florida
-$855K
5
Bank of America
Bank of America
North Carolina
-$522K
Name Holding Trade Value Shares
Change 		Change in
Stake
FHA
76
First Horizon Advisors
Tennessee
$9.42K – – –
FMP
77
Financial Management Professionals
Texas
$9K – – –
IA
78
IFP Advisors
Florida
$8K -$74.9K -8,008 -92%
Carson Wealth (CWM LLC)
79
Carson Wealth (CWM LLC)
Nebraska
$8K +$5.76K +616 +215%
CAM
80
Costello Asset Management
Pennsylvania
$7.54K – – –
HCP
81
Hexagon Capital Partners
Arkansas
$6.59K – – –
FP
82
Financial Perspectives
Minnesota
$3.41K – – –
PB
83
Pinnacle Bancorp
Nebraska
$3K – – –
GA
84
GoalVest Advisory
New York
$2.95K – – –
WAM
85
Wolverine Asset Management
Illinois
$1.88K -$163K -17,374 -99%
WT
86
Washington Trust
Rhode Island
$1.86K – – –
USCWA
87
U.S. Capital Wealth Advisors
Texas
$414 +$412 +44 New
Fiera Capital (Canada)
88
Fiera Capital (Canada)
Quebec, Canada
– -$3.14M -346,030 Closed
MSL
89
Mackay Shields LLC
New York
– -$1.76M -192,750 Closed
Baird Financial Group
90
Baird Financial Group
Wisconsin
– -$429K -46,983 Closed
Bank of Montreal
91
Bank of Montreal
Ontario, Canada
– -$254 -24,796 Closed
MIG
92
Mariner Investment Group
New York
– -$165K -18,081 Closed
FM
93
Family Management
New York
– -$158K -17,262 Closed
MA
94
Mutual Advisors
Nebraska
– -$157K -17,181 Closed
FCA
95
FinTrust Capital Advisors
South Carolina
– -$137K -15,000 Closed
KPWS
96
Kestra Private Wealth Services
Texas
– -$136K -14,884 Closed
ACA
97
Ackerman Capital Advisors
Texas
– -$131K -14,326 Closed
M&T Bank
98
M&T Bank
New York
– -$111K -12,174 Closed
STA
99
Summit Trail Advisors
New York
– -$105K -11,543 Closed
RCA
100
Ranch Capital Advisors
Florida
– -$101K -11,050 Closed
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IQI Hedge Fund Activity: Q4 2022 in Review

87 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q4 2022, worth a combined $137M — up 13% from $121M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of IQI and 14 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 28 added.

The largest buyer was Karpus Investment Management, adding an estimated $11.4M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $3.14M sold.

  • 87 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q4 2022, down from 94 in Q3 2022.
  • Funds reported $137M of Invesco Quality Municipal Securities stock for Q4 2022, up 13% quarter-over-quarter.
  • 14 funds opened new Invesco Quality Municipal Securities positions in Q4 2022 and 18 closed out, a net change of -4 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q4 2022 was Karpus Investment Management, an estimated $11.4M added.
  • The largest Invesco Quality Municipal Securities seller in Q4 2022 was Fiera Capital (Canada), an estimated $3.14M sold.

Based on aggregated 13F filings for Q4 2022.