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Invesco Quality Municipal Securities

63 hedge funds and large institutions have $99.3M invested in Invesco Quality Municipal Securities in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 17 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

13% more capital invested

Capital invested by funds: $88M → $99.3M (+$11.3M)

5% more funds holding

Funds holding: 6063 (+3)

1.37% more ownership

Funds ownership: 14.16%15.53% (+1.4%)

0% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 17

Holders
63
Holders Change
+3
Holders Change %
+5%
% of All Funds
1.76%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
7
Increased
17
Reduced
17
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$30.3M +$4.91M +411,942 +20%
GC
2
Guggenheim Capital
Illinois
$8.92M +$423K +35,465 +5%
Deutsche Bank
3
Deutsche Bank
Germany
$5.63M -$176K -14,735 -3%
Morgan Stanley
4
Morgan Stanley
New York
$5.2M -$54.1K -4,533 -1%
PPA
5
Parametric Portfolio Associates
Washington
$4.08M +$158K +13,247 +4%
MSL
6
Mackay Shields LLC
New York
$3.96M
AAM
7
Advisors Asset Management
Colorado
$3.69M +$455K +38,150 +14%
SIA
8
Sit Investment Associates
Minnesota
$3.39M +$1.24M +103,770 +59%
PNC Financial Services Group
9
PNC Financial Services Group
Pennsylvania
$3.28M -$377K -31,600 -10%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$3.06M -$62.3K -5,222 -2%
FIMG
11
Financial & Investment Management Group
Michigan
$2.31M -$14.9K -1,250 -0.7%
SCA
12
Samson Capital Advisors
New York
$2.02M +$1.99M +166,469 New
RCM
13
Rivernorth Capital Management
Florida
$1.86M
LPL Financial
14
LPL Financial
California
$1.75M +$50.6K +4,242 +3%
JWA
15
JFS Wealth Advisors
Pennsylvania
$1.64M +$33.5K +2,809 +2%
LSA
16
Liberty Street Advisors
New York
$1.37M +$281K +23,531 +26%
TCM
17
Tradewinds Capital Management
Washington
$1.36M +$99.8K +8,370 +8%
AA
18
AQR Arbitrage
Connecticut
$1.23M -$88.7K -7,437 -7%
Northwestern Mutual Wealth Management
19
Northwestern Mutual Wealth Management
Wisconsin
$1.23M +$201K +16,823 +20%
Wells Fargo
20
Wells Fargo
California
$1.01M -$325K -27,284 -25%
VanEck Associates
21
VanEck Associates
New York
$1.01M +$63.7K +5,345 +7%
Bank of America
22
Bank of America
North Carolina
$959K +$108K +9,071 +13%
Stifel Financial
23
Stifel Financial
Missouri
$953K +$28.1K +2,355 +3%
Cambridge Investment Research Advisors
24
Cambridge Investment Research Advisors
Iowa
$951K +$466K +39,061 +100%
LCM
25
Landscape Capital Management
New Jersey
$813K -$640K -53,647 -44%

IQI Hedge Fund Activity: Q3 2015 in Review

63 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q3 2015, worth a combined $99.3M — up 13% from $88M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new IQI positions and 3 closed out — a net gain of 4 holders — while 17 added to existing stakes and 17 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $4.91M. The largest seller was Landscape Capital Management, cutting an estimated $640K.

  • 63 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q3 2015, up from 60 in Q2 2015.
  • Funds reported $99.3M of Invesco Quality Municipal Securities stock for Q3 2015, up 13% quarter-over-quarter.
  • 7 funds opened new Invesco Quality Municipal Securities positions in Q3 2015 and 3 closed out, a net change of +4 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q3 2015 was Karpus Investment Management, an estimated $4.91M added.
  • The largest Invesco Quality Municipal Securities seller in Q3 2015 was Landscape Capital Management, an estimated $640K sold.

Based on aggregated 13F filings for Q3 2015.