Invesco Quality Municipal Securities
IQI
51 hedge funds and large institutions have $66.6M invested in Invesco Quality Municipal Securities in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 6 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
2% more capital invested
Capital invested by funds: $65.6M → $66.6M (+$1.06M)
0.1% less ownership
Funds ownership: 10.36% → 10.26% (-0.1%)
4% less funds holding
Funds holding: 53 → 51 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.25M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$727K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$688K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$437K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$391K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Gruss Capital Management
New York
|
-$1.15M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$793K |
| 3 |
MPEM
Marathon Partners Equity Management
New York
|
-$744K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$643K |
| 5 |
Morgan Stanley
New York
|
-$462K |
IQI Hedge Fund Activity: Q2 2014 in Review
51 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q2 2014, worth a combined $66.6M — up 1.6% from $65.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of IQI and 4 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 15 added.
The largest buyer was Karpus Investment Management, adding an estimated $1.25M. The largest seller was Gruss Capital Management, cutting an estimated $1.15M.
- 51 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q2 2014, down from 53 in Q1 2014.
- Funds reported $66.6M of Invesco Quality Municipal Securities stock for Q2 2014, up 1.6% quarter-over-quarter.
- 4 funds opened new Invesco Quality Municipal Securities positions in Q2 2014 and 6 closed out, a net change of -2 holders.
- The largest Invesco Quality Municipal Securities buyer in Q2 2014 was Karpus Investment Management, an estimated $1.25M added.
- The largest Invesco Quality Municipal Securities seller in Q2 2014 was Gruss Capital Management, an estimated $1.15M sold.
Based on aggregated 13F filings for Q2 2014.