Invesco Quality Municipal Securities
IQI
59 hedge funds and large institutions have $59.7M invested in Invesco Quality Municipal Securities in 2013 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 11 increasing their positions, 18 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
17% more capital invested
Capital invested by funds: $51M → $59.7M (+$8.74M)
16% more funds holding
Funds holding: 51 → 59 (+8)
2% more ownership
Funds ownership: 7.96% → 9.96% (+2%)
39% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$8.23M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.94M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$2.22M |
| 4 |
GCM
Gruss Capital Management
New York
|
+$1.72M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.62M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$2.54M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.02M |
| 4 |
Morgan Stanley
New York
|
-$1.21M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$746K |
IQI Hedge Fund Activity: Q4 2013 in Review
59 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q4 2013, worth a combined $59.7M — up 17% from $51M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new IQI positions and 8 closed out — a net gain of 9 holders — while 11 added to existing stakes and 18 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $8.23M. The largest seller was Guggenheim Capital, cutting an estimated $3.62M.
- 59 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q4 2013, up from 51 in Q3 2013.
- Funds reported $59.7M of Invesco Quality Municipal Securities stock for Q4 2013, up 17% quarter-over-quarter.
- 17 funds opened new Invesco Quality Municipal Securities positions in Q4 2013 and 8 closed out, a net change of +9 holders.
- The largest Invesco Quality Municipal Securities buyer in Q4 2013 was Karpus Investment Management, an estimated $8.23M added.
- The largest Invesco Quality Municipal Securities seller in Q4 2013 was Guggenheim Capital, an estimated $3.62M sold.
Based on aggregated 13F filings for Q4 2013.