Invesco Quality Municipal Securities
IQI
78 hedge funds and large institutions have $99.9M invested in Invesco Quality Municipal Securities in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 23 reducing their positions, and 12 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 23
4% more capital invested
Capital invested by funds: $96.4M → $99.9M (+$3.58M)
0.64% less ownership
Funds ownership: 16.24% → 15.6% (-0.64%)
6% less funds holding
Funds holding: 83 → 78 (-5)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.22M |
| 2 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$2.83M |
| 3 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$661K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$368K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$342K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.67M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.19M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.17M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.16M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$951K |
IQI Hedge Fund Activity: Q1 2019 in Review
78 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q1 2019, worth a combined $99.9M — up 3.7% from $96.4M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of IQI and 9 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 26 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $3.22M. The largest seller was Karpus Investment Management, cutting an estimated $3.67M.
- 78 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q1 2019, down from 83 in Q4 2018.
- Funds reported $99.9M of Invesco Quality Municipal Securities stock for Q1 2019, up 3.7% quarter-over-quarter.
- 9 funds opened new Invesco Quality Municipal Securities positions in Q1 2019 and 12 closed out, a net change of -3 holders.
- The largest Invesco Quality Municipal Securities buyer in Q1 2019 was Parametric Portfolio Associates, an estimated $3.22M added.
- The largest Invesco Quality Municipal Securities seller in Q1 2019 was Karpus Investment Management, an estimated $3.67M sold.
Based on aggregated 13F filings for Q1 2019.