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Invesco Quality Municipal Securities

110 hedge funds and large institutions have $179M invested in Invesco Quality Municipal Securities in 2024 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 34 increasing their positions, 32 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 12

8% more capital invested

Capital invested by funds: $165M → $179M (+$13.8M)

6% more funds holding

Funds holding: 104110 (+6)

2.15% more ownership

Funds ownership: 32.81%34.96% (+2.2%)

6% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 32

Holders
110
Holders Change
+6
Holders Change %
+5.77%
% of All Funds
1.58%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
18
Increased
34
Reduced
32
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$28.9M +$2.32M +242,204 +9%
RCM
2
Rivernorth Capital Management
Florida
$12.4M -$3.32M -347,226 -21%
Allspring Global Investments
3
Allspring Global Investments
North Carolina
$10.8M +$3.1M +323,878 +41%
GC
4
Guggenheim Capital
Illinois
$10.3M -$701K -73,336 -6%
SIA
5
Sit Investment Associates
Minnesota
$7.63M -$294K -30,800 -4%
LSC
6
Logan Stone Capital
Illinois
$7.44M +$891K +93,188 +14%
RJA
7
Raymond James & Associates
Florida
$7.13M -$197K -20,648 -3%
Pathstone Holdings
8
Pathstone Holdings
New Jersey
$6.48M -$272K -28,461 -4%
LPL Financial
9
LPL Financial
California
$5.34M +$863K +90,286 +20%
HWAM
10
Hennion & Walsh Asset Management
New Jersey
$5.28M +$175K +18,304 +3%
SCM
11
Saba Capital Management
New York
$4.99M +$4.93M +515,634 New
VanEck Associates
12
VanEck Associates
New York
$4.45M +$544K +56,896 +14%
Allianz Asset Management
13
Allianz Asset Management
Germany
$4.44M +$4.39M +458,853 New
RCM
14
Robinson Capital Management
Michigan
$4.4M +$979K +102,399 +28%
Morgan Stanley
15
Morgan Stanley
New York
$4.26M -$4.44M -464,741 -51%
AA
16
AQR Arbitrage
Connecticut
$3.83M -$15.5K -1,619 -0.4%
COLIM
17
City of London Investment Management
United Kingdom
$3.45M +$2.83M +295,738 +488%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$2.6M +$197K +20,659 +8%
Wells Fargo
19
Wells Fargo
California
$2.59M -$67K -7,011 -3%
UBS Group
20
UBS Group
Switzerland
$2.45M +$9.07K +949 +0.4%
RC
21
Rareview Capital
Nevada
$2.35M -$79.7K -8,335 -3%
Cambridge Investment Research Advisors
22
Cambridge Investment Research Advisors
Iowa
$1.77M +$27.5K +2,882 +2%
RIL
23
Rothschild Investment LLC
Illinois
$1.76M +$47.8K +5,000 +3%
PNC Financial Services Group
24
PNC Financial Services Group
Pennsylvania
$1.61M
Osaic Holdings
25
Osaic Holdings
Arizona
$1.61M +$31.4K +3,280 +2%

IQI Hedge Fund Activity: Q1 2024 in Review

110 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Invesco Quality Municipal Securities (IQI) for Q1 2024, worth a combined $179M — up 8.3% from $165M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new IQI positions and 12 closed out — a net gain of 6 holders — while 34 added to existing stakes and 32 trimmed.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $4.93M. The largest seller was Morgan Stanley, cutting an estimated $4.44M.

  • 110 institutional investors held Invesco Quality Municipal Securities (IQI) as of Q1 2024, up from 104 in Q4 2023.
  • Funds reported $179M of Invesco Quality Municipal Securities stock for Q1 2024, up 8.3% quarter-over-quarter.
  • 18 funds opened new Invesco Quality Municipal Securities positions in Q1 2024 and 12 closed out, a net change of +6 holders.
  • The largest Invesco Quality Municipal Securities buyer in Q1 2024 was Saba Capital Management, an estimated $4.93M added.
  • The largest Invesco Quality Municipal Securities seller in Q1 2024 was Morgan Stanley, an estimated $4.44M sold.

Based on aggregated 13F filings for Q1 2024.