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Invesco Municipal Trust
VKQ

52 hedge funds and large institutions have $101M invested in Invesco Municipal Trust in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 7 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

171% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 7

9% more capital invested

Capital invested by funds: $92.6M → $101M (+$8.34M)

0.74% more ownership

Funds ownership: 13.39% → 14.14% (+0.74%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 54 → 52 (-2)

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

Holders
52
Holders Change
-2
Holders Change %
-3.7%
% of All Funds
1.49%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
5
Increased
19
Reduced
7
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$3.15M
2
GC
Guggenheim Capital
Illinois
+$1.11M
3
AAM
Advisors Asset Management
Colorado
+$920K
4
U
UBS
Switzerland
+$598K
5
WAM
Wolverine Asset Management
Illinois
+$382K

Top Sellers

1
GCM
Gruss Capital Management
New York
-$974K
2
MPEM
Marathon Partners Equity Management
New York
-$762K
3
TC
TFS Capital
Pennsylvania
-$569K
4
Morgan Stanley
Morgan Stanley
New York
-$210K
5
VKH
Virtu KCG Holdings
New York
-$134K
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
26
Wolverine Asset Management
Illinois
$476K +$382K +30,954 +438%
WFI
27
West Family Investments
California
$337K – – –
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$335K -$84.4K -6,840 -20%
HighTower Advisors
29
HighTower Advisors
Illinois
$306K -$29.6K -2,400 -9%
BFEC
30
Benjamin F. Edwards & Company
Missouri
$282K +$82.9K +6,717 +43%
CIA
31
Capital Investment Advisors
Georgia
$275K +$271K +21,960 New
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$236K +$70.1K +5,680 +43%
DS
33
DRW Securities
Illinois
$213K +$210K +17,000 New
US Bancorp
34
US Bancorp
Minnesota
$191K – – –
Deutsche Bank
35
Deutsche Bank
Germany
$184K +$182K +14,750 New
KeyBank National Association
36
KeyBank National Association
Ohio
$183K – – –
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$181K +$18.1K +1,470 +11%
EFS
38
Essex Financial Services
Connecticut
$179K – – –
LCM
39
Landscape Capital Management
New Jersey
$152K -$91.6K -7,419 -38%
PM
40
Penbrook Management
New York
$125K -$123K -10,000 -50%
HCM
41
Highlander Capital Management
New Jersey
$80K – – –
Fifth Third Bancorp
42
Fifth Third Bancorp
Ohio
$74K – – –
BC
43
Bartlett & Co
Ohio
$52K – – –
OIA
44
Optimum Investment Advisors
Illinois
$30K +$29.6K +2,400 New
BRWA
45
B. Riley Wealth Advisors
Florida
$16.7K +$16.5K +1,333 New
Creative Planning
46
Creative Planning
Kansas
$11K – – –
1IC
47
1919 Investment Counsel
Maryland
$9K – – –
Citigroup
48
Citigroup
New York
$7K -$77.4K -6,267 -92%
DOA
49
D'Orazio & Associates
Virginia
$5K – – –
JIR
50
James Investment Research
Ohio
$5K – – –
1
2
3

VKQ Hedge Fund Activity: Q2 2014 in Review

52 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q2 2014, worth a combined $101M — up 9% from $92.6M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of VKQ and 5 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 19 added.

The largest buyer was Karpus Investment Management, adding an estimated $3.15M. The largest seller was Gruss Capital Management, exiting entirely with an estimated $974K sold.

  • 52 institutional investors held Invesco Municipal Trust (VKQ) as of Q2 2014, down from 54 in Q1 2014.
  • Funds reported $101M of Invesco Municipal Trust stock for Q2 2014, up 9% quarter-over-quarter.
  • 5 funds opened new Invesco Municipal Trust positions in Q2 2014 and 7 closed out, a net change of -2 holders.
  • The largest Invesco Municipal Trust buyer in Q2 2014 was Karpus Investment Management, an estimated $3.15M added.
  • The largest Invesco Municipal Trust seller in Q2 2014 was Gruss Capital Management, an estimated $974K sold.

Based on aggregated 13F filings for Q2 2014.