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Invesco Municipal Trust
VKQ

61 hedge funds and large institutions have $74.9M invested in Invesco Municipal Trust in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 23 increasing their positions, 19 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 19

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.37% less ownership

Funds ownership: 11.11% → 9.75% (-1.4%)

12% less funds holding

Funds holding: 69 → 61 (-8)

14% less capital invested

Capital invested by funds: $87.1M → $74.9M (-$12.2M)

70% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 10

Holders
61
Holders Change
-8
Holders Change %
-11.59%
% of All Funds
1.63%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
3
Increased
23
Reduced
19
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AGA
Accuvest Global Advisors
Utah
+$1.46M
2
SIA
Sit Investment Associates
Minnesota
+$713K
3
Cohen & Steers
Cohen & Steers
New York
+$704K
4
Wells Fargo
Wells Fargo
California
+$393K
5
SMC
Smith, Moore & Co
Missouri
+$388K

Top Sellers

1
MSL
Mackay Shields LLC
New York
-$5.09M
2
YMRC
Yorktown Management & Research Company
Virginia
-$2.84M
3
KIM
Karpus Investment Management
New York
-$2.7M
4
GC
Guggenheim Capital
Illinois
-$940K
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$879K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$497K -$34.2K -2,455 -6%
PAG
27
Private Advisor Group
New Jersey
$492K -$18.8K -1,350 -4%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$470K +$627 +45 +0.1%
GEM
29
Global Endowment Management
North Carolina
$450K – – –
RJFSA
30
Raymond James Financial Services Advisors
Florida
$448K +$668 +48 +0.1%
CIA
31
Capital Investment Advisors
Georgia
$401K -$22.3K -1,600 -5%
SMC
32
Smith, Moore & Co
Missouri
$384K +$388K +27,855 New
MSL
33
Mackay Shields LLC
New York
$332K -$5.09M -365,610 -94%
OC
34
Oppenheimer & Co
New York
$282K -$46.6K -3,350 -14%
SBIA
35
Sheaff Brock Investment Advisors
Indiana
$265K – – –
US Bancorp
36
US Bancorp
Minnesota
$216K +$13.9K +1,000 +7%
HCM
37
Hollencrest Capital Management
California
$211K – – –
SWM
38
Segment Wealth Management
Texas
$207K – – –
IA
39
IFP Advisors
Florida
$185K +$4.87K +350 +3%
HighTower Advisors
40
HighTower Advisors
Illinois
$183K -$68.3K -4,904 -27%
RIA
41
Regal Investment Advisors
Michigan
$182K +$19.2K +1,382 +12%
BFEC
42
Benjamin F. Edwards & Company
Missouri
$179K +$50.8K +3,646 +39%
EFS
43
Essex Financial Services
Connecticut
$174K – – –
ICOA
44
Investment Centers of America
North Dakota
$164K +$1.81K +130 +1%
PM
45
Penbrook Management
New York
$138K – – –
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$116K -$110K -7,910 -48%
BAM
47
Barrett Asset Management
New York
$104K – – –
HCM
48
Highlander Capital Management
New Jersey
$88K – – –
Creative Planning
49
Creative Planning
Kansas
$88K +$251 +18 +0.3%
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
$62K -$1.78K -128 -3%
1
2
3

VKQ Hedge Fund Activity: Q3 2016 in Review

61 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q3 2016, worth a combined $74.9M — down 14% from $87.1M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of VKQ and 3 opened new positions — a net loss of 7 holders — while 19 trimmed existing stakes and 23 added.

The largest buyer was Accuvest Global Advisors, adding an estimated $1.46M. The largest seller was Mackay Shields LLC, cutting an estimated $5.09M.

  • 61 institutional investors held Invesco Municipal Trust (VKQ) as of Q3 2016, down from 69 in Q2 2016.
  • Funds reported $74.9M of Invesco Municipal Trust stock for Q3 2016, down 14% quarter-over-quarter.
  • 3 funds opened new Invesco Municipal Trust positions in Q3 2016 and 10 closed out, a net change of -7 holders.
  • The largest Invesco Municipal Trust buyer in Q3 2016 was Accuvest Global Advisors, an estimated $1.46M added.
  • The largest Invesco Municipal Trust seller in Q3 2016 was Mackay Shields LLC, an estimated $5.09M sold.

Based on aggregated 13F filings for Q3 2016.