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Invesco Quality Municipal Securities

80 hedge funds and large institutions have $106M invested in Invesco Quality Municipal Securities in 2018 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 18

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

3% more capital invested

Capital invested by funds: $102M → $106M (+$3.43M)

0.51% more ownership

Funds ownership: 16.28%16.79% (+0.51%)

0% more funds holding

Funds holding: 8080 (0)

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
80
Holders Change
Holders Change %
0%
% of All Funds
1.83%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
9
Increased
24
Reduced
18
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$12.1M -$1.12M -93,835 -8%
PPA
2
Parametric Portfolio Associates
Washington
$8.67M +$1.04M +87,536 +14%
RCM
3
Robinson Capital Management
Michigan
$7.94M
SIA
4
Sit Investment Associates
Minnesota
$7.5M +$182K +15,306 +2%
GC
5
Guggenheim Capital
Illinois
$4.47M -$102K -8,606 -2%
Morgan Stanley
6
Morgan Stanley
New York
$4.42M +$189K +15,933 +4%
UBS Group
7
UBS Group
Switzerland
$3.63M +$885K +74,431 +32%
Stifel Financial
8
Stifel Financial
Missouri
$3.53M +$605K +50,903 +21%
AAM
9
Advisors Asset Management
Colorado
$3.3M -$882K -74,170 -21%
CSA
10
Cottage Street Advisors
Massachusetts
$3.15M -$397K -33,390 -11%
Bank of America
11
Bank of America
North Carolina
$3.05M +$67.9K +5,711 +2%
RJA
12
Raymond James & Associates
Florida
$2.83M -$493K -41,434 -15%
Fiera Capital (Canada)
13
Fiera Capital (Canada)
Quebec, Canada
$2.76M +$860K +72,350 +45%
Wells Fargo
14
Wells Fargo
California
$2.64M -$60.3K -5,075 -2%
JWA
15
JFS Wealth Advisors
Pennsylvania
$2.41M +$34.5K +2,903 +1%
CC
16
Claybrook Capital
Massachusetts
$2.23M
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$2.17M +$165K +13,899 +8%
VanEck Associates
18
VanEck Associates
New York
$1.97M +$97.7K +8,219 +5%
PNC Financial Services Group
19
PNC Financial Services Group
Pennsylvania
$1.45M -$20.4K -1,720 -1%
RJFSA
20
Raymond James Financial Services Advisors
Florida
$1.39M +$1.39M +116,958 New
TCM
21
Tradewinds Capital Management
Washington
$1.35M -$54.4K -4,579 -4%
LCM
22
Laurion Capital Management
New York
$1.33M +$813K +68,404 +157%
LCM
23
Landscape Capital Management
New Jersey
$1.27M -$209K -17,573 -14%
MSL
24
Mackay Shields LLC
New York
$1.19M
FFA
25
First Foundation Advisors
California
$1.17M -$119K -9,983 -9%

IQI Hedge Fund Activity: Q2 2018 in Review

80 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q2 2018, worth a combined $106M — up 3.4% from $102M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new IQI positions and 8 closed out — a net gain of 1 holder — while 24 added to existing stakes and 18 trimmed.

The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $1.39M. The largest seller was Karpus Investment Management, cutting an estimated $1.12M.

  • 80 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q2 2018, unchanged from Q1 2018.
  • Funds reported $106M of Invesco Quality Municipal Securities stock for Q2 2018, up 3.4% quarter-over-quarter.
  • 9 funds opened new Invesco Quality Municipal Securities positions in Q2 2018 and 8 closed out, a net change of +1 holder.
  • The largest Invesco Quality Municipal Securities buyer in Q2 2018 was Raymond James Financial Services Advisors, an estimated $1.39M added.
  • The largest Invesco Quality Municipal Securities seller in Q2 2018 was Karpus Investment Management, an estimated $1.12M sold.

Based on aggregated 13F filings for Q2 2018.