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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$11.4M |
| 2 |
Morgan Stanley
New York
|
+$2.09M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.72M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.32M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.14M |
| 2 |
MSL
Mackay Shields LLC
New York
|
-$1.76M |
| 3 |
CF
Centaurus Financial
Anaheim,
California
|
-$862K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$855K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$522K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IFG
101
Independent Financial Group
San Diego,
California
| – | -$91.3K | -10,000 | Closed |
|
|
FA
102
Financial Advantage
Columbia,
Maryland
| – | -$36K | -4,014 | Closed |
|
|
UB
103
UMB Bank
Kansas City,
Missouri
| – | -$16K | -1,782 | Closed |
|
104
Bessemer Group
Woodbridge,
New Jersey
| – | -$11K | -1,205 | Closed |
|
|
FEG
105
Financial Enhancement Group
Anderson,
Indiana
| – | -$10K | -1,107 | Closed |
|
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.