Invesco Quality Municipal Securities
IQI
62 hedge funds and large institutions have $79.2M invested in Invesco Quality Municipal Securities in 2016 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 26 increasing their positions, 15 reducing their positions, and 12 closing their positions.
73% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 15
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.04% less ownership
Funds ownership: 12.91% → 10.86% (-2%)
7% less funds holding
Funds holding: 67 → 62 (-5)
16% less capital invested
Capital invested by funds: $94.1M → $79.2M (-$14.9M)
42% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.43M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.47M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.2M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$848K |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
+$703K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$11M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.22M |
| 3 |
MSL
Mackay Shields LLC
New York
|
-$1.86M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.54M |
| 5 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$1.38M |
IQI Hedge Fund Activity: Q3 2016 in Review
62 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q3 2016, worth a combined $79.2M — down 16% from $94.1M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of IQI and 7 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 26 added.
The largest buyer was Wells Fargo, adding an estimated $2.43M. The largest seller was Karpus Investment Management, cutting an estimated $11M.
- 62 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q3 2016, down from 67 in Q2 2016.
- Funds reported $79.2M of Invesco Quality Municipal Securities stock for Q3 2016, down 16% quarter-over-quarter.
- 7 funds opened new Invesco Quality Municipal Securities positions in Q3 2016 and 12 closed out, a net change of -5 holders.
- The largest Invesco Quality Municipal Securities buyer in Q3 2016 was Wells Fargo, an estimated $2.43M added.
- The largest Invesco Quality Municipal Securities seller in Q3 2016 was Karpus Investment Management, an estimated $11M sold.
Based on aggregated 13F filings for Q3 2016.