Invesco Quality Municipal Securities
IQI
77 hedge funds and large institutions have $104M invested in Invesco Quality Municipal Securities in 2017 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 8 closing their positions.
395% more capital inflows, than outflows
Capital inflows: $29M | Capital outflows: $5.87M
125% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 8
26% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 19
15% more funds holding
Funds holding: 67 → 77 (+10)
3.51% more ownership
Funds ownership: 12.23% → 15.74% (+3.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
+$13.5M |
| 2 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.7M |
| 3 |
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.56M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$1.06M |
| 5 |
BOK Financial
Tulsa,
Oklahoma
|
+$981K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Guggenheim Capital
Chicago,
Illinois
|
-$2.97M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$596K |
| 3 |
Millennium Management
New York
|
-$285K |
| 4 |
JP Morgan Chase
New York
|
-$255K |
| 5 |
Bank OZK
Little Rock,
Arkansas
|
-$192K |
IQI Hedge Fund Activity: Q4 2017 in Review
77 of the 4,420 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q4 2017, worth a combined $104M — up 26% from $82.8M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new IQI positions and 8 closed out — a net gain of 10 holders — while 24 added to existing stakes and 19 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $13.5M. The largest seller was Guggenheim Capital, cutting an estimated $2.97M.
- 77 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q4 2017, up from 67 in Q3 2017.
- Funds reported $104M of Invesco Quality Municipal Securities stock for Q4 2017, up 26% quarter-over-quarter.
- 18 funds opened new Invesco Quality Municipal Securities positions in Q4 2017 and 8 closed out, a net change of +10 holders.
- The largest Invesco Quality Municipal Securities buyer in Q4 2017 was Karpus Investment Management, an estimated $13.5M added.
- The largest Invesco Quality Municipal Securities seller in Q4 2017 was Guggenheim Capital, an estimated $2.97M sold.
Based on aggregated 13F filings for Q4 2017.