Invesco Quality Municipal Securities
IQI
56 hedge funds and large institutions have $82.3M invested in Invesco Quality Municipal Securities in 2014 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
22% more capital invested
Capital invested by funds: $67.6M → $82.3M (+$14.7M)
8% more funds holding
Funds holding: 52 → 56 (+4)
1.92% more ownership
Funds ownership: 10.55% → 12.47% (+1.9%)
6% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.35M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.72M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.04M |
| 4 |
Morgan Stanley
New York
|
+$789K |
| 5 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$775K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.09M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$319K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$258K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$257K |
| 5 |
HK
Horizon Kinetics
New York
|
-$234K |
IQI Hedge Fund Activity: Q4 2014 in Review
56 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q4 2014, worth a combined $82.3M — up 22% from $67.6M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new IQI positions and 7 closed out — a net gain of 5 holders — while 15 added to existing stakes and 16 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $6.35M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.09M sold.
- 56 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q4 2014, up from 52 in Q3 2014.
- Funds reported $82.3M of Invesco Quality Municipal Securities stock for Q4 2014, up 22% quarter-over-quarter.
- 12 funds opened new Invesco Quality Municipal Securities positions in Q4 2014 and 7 closed out, a net change of +5 holders.
- The largest Invesco Quality Municipal Securities buyer in Q4 2014 was Karpus Investment Management, an estimated $6.35M added.
- The largest Invesco Quality Municipal Securities seller in Q4 2014 was Wolverine Asset Management, an estimated $1.09M sold.
Based on aggregated 13F filings for Q4 2014.