Invesco Quality Municipal Securities
IQI
53 hedge funds and large institutions have $65.6M invested in Invesco Quality Municipal Securities in 2014 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 13 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 12
8% more capital invested
Capital invested by funds: $60.5M → $65.6M (+$5.06M)
0.4% more ownership
Funds ownership: 9.96% → 10.36% (+0.4%)
10% less funds holding
Funds holding: 59 → 53 (-6)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.08M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$879K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$729K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$636K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$601K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.56M |
| 2 |
Barclays
London,
United Kingdom
|
-$573K |
| 3 |
SG Americas Securities
New York
|
-$517K |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
-$425K |
| 5 |
WA
WFG Advisors
Dallas,
Texas
|
-$347K |
IQI Hedge Fund Activity: Q1 2014 in Review
53 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q1 2014, worth a combined $65.6M — up 8.4% from $60.5M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of IQI and 7 opened new positions — a net loss of 6 holders — while 12 trimmed existing stakes and 20 added.
The largest buyer was Karpus Investment Management, adding an estimated $3.08M. The largest seller was Advisors Asset Management, cutting an estimated $1.56M.
- 53 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q1 2014, down from 59 in Q4 2013.
- Funds reported $65.6M of Invesco Quality Municipal Securities stock for Q1 2014, up 8.4% quarter-over-quarter.
- 7 funds opened new Invesco Quality Municipal Securities positions in Q1 2014 and 13 closed out, a net change of -6 holders.
- The largest Invesco Quality Municipal Securities buyer in Q1 2014 was Karpus Investment Management, an estimated $3.08M added.
- The largest Invesco Quality Municipal Securities seller in Q1 2014 was Advisors Asset Management, an estimated $1.56M sold.
Based on aggregated 13F filings for Q1 2014.