Invesco Quality Municipal Securities
IQI
63 hedge funds and large institutions have $80.5M 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, 16 reducing their positions, and 11 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 16
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.87% less ownership
Funds ownership: 12.91% → 11.03% (-1.9%)
6% less funds holding
Funds holding: 67 → 63 (-4)
15% less capital invested
Capital invested by funds: $94.1M → $80.5M (-$13.7M)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
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
63 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q3 2016, worth a combined $80.5M — down 15% from $94.1M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of IQI and 7 opened new positions — a net loss of 4 holders — while 16 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.
- 63 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q3 2016, down from 67 in Q2 2016.
- Funds reported $80.5M of Invesco Quality Municipal Securities stock for Q3 2016, down 15% quarter-over-quarter.
- 7 funds opened new Invesco Quality Municipal Securities positions in Q3 2016 and 11 closed out, a net change of -4 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.