Invesco Quality Municipal Securities
IQI
62 hedge funds and large institutions have $74.5M invested in Invesco Quality Municipal Securities in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
0.49% more ownership
Funds ownership: 10.86% → 11.35% (+0.49%)
0% more funds holding
Funds holding: 62 → 62 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less capital invested
Capital invested by funds: $79.2M → $74.5M (-$4.74M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.2M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.74M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.28M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$1.19M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.64M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.81M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.48M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.17M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$732K |
IQI Hedge Fund Activity: Q4 2016 in Review
62 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q4 2016, worth a combined $74.5M — down 6% from $79.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new IQI positions and 5 closed out — a net gain of 2 holders — while 20 added to existing stakes and 17 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $2.2M. The largest seller was Karpus Investment Management, cutting an estimated $2.64M.
- 62 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q4 2016, unchanged from Q3 2016.
- Funds reported $74.5M of Invesco Quality Municipal Securities stock for Q4 2016, down 6% quarter-over-quarter.
- 7 funds opened new Invesco Quality Municipal Securities positions in Q4 2016 and 5 closed out, a net change of +2 holders.
- The largest Invesco Quality Municipal Securities buyer in Q4 2016 was Raymond James & Associates, an estimated $2.2M added.
- The largest Invesco Quality Municipal Securities seller in Q4 2016 was Karpus Investment Management, an estimated $2.64M sold.
Based on aggregated 13F filings for Q4 2016.