Invesco Quality Municipal Securities
IQI
71 hedge funds and large institutions have $111M invested in Invesco Quality Municipal Securities in 2015 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
141% more capital inflows, than outflows
Capital inflows: $15.8M | Capital outflows: $6.58M
31% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 16
13% more funds holding
Funds holding: 63 → 71 (+8)
1.1% more ownership
Funds ownership: 15.53% → 16.63% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
+$2.28M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$2.25M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.71M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$1.35M |
| 5 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$624K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.84M |
| 2 |
Liberty Street Advisors
New York
|
-$1.37M |
| 3 |
Mackay Shields LLC
New York
|
-$1.13M |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$899K |
| 5 |
AQR Arbitrage
Greenwich,
Connecticut
|
-$348K |
IQI Hedge Fund Activity: Q4 2015 in Review
71 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q4 2015, worth a combined $111M — up 11% from $100M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new IQI positions and 4 closed out — a net gain of 9 holders — while 21 added to existing stakes and 16 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $2.28M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.84M.
- 71 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q4 2015, up from 63 in Q3 2015.
- Funds reported $111M of Invesco Quality Municipal Securities stock for Q4 2015, up 11% quarter-over-quarter.
- 13 funds opened new Invesco Quality Municipal Securities positions in Q4 2015 and 4 closed out, a net change of +9 holders.
- The largest Invesco Quality Municipal Securities buyer in Q4 2015 was Karpus Investment Management, an estimated $2.28M added.
- The largest Invesco Quality Municipal Securities seller in Q4 2015 was Rivernorth Capital Management, an estimated $1.84M sold.
Based on aggregated 13F filings for Q4 2015.