We are live on ! Find out more
VKQ icon

Invesco Municipal Trust
VKQ

71 hedge funds and large institutions have $81.9M invested in Invesco Municipal Trust in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 5

59% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 17

16% more funds holding

Funds holding: 61 → 71 (+10)

9% more capital invested

Capital invested by funds: $74.9M → $81.9M (+$6.95M)

2.42% more ownership

Funds ownership: 9.75% → 12.17% (+2.4%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
71
Holders Change
+10
Holders Change %
+16.39%
% of All Funds
1.77%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
16
Increased
27
Reduced
17
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$6.21M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$3.1M
3
KIM
Karpus Investment Management
New York
+$2.28M
4
Bank of America
Bank of America
North Carolina
+$1.37M
5
SIA
Sit Investment Associates
Minnesota
+$1.31M

Top Sellers

Rank Fund Capital Flow
1
NVIM
New Vernon Investment Management
Illinois
-$5.39M
2
GC
Guggenheim Capital
Illinois
-$1.45M
3
AGA
Accuvest Global Advisors
Utah
-$1.42M
4
VanEck Associates
VanEck Associates
New York
-$651K
5
SMC
Smith, Moore & Co
Missouri
-$384K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
26
Northwestern Mutual Wealth Management
Wisconsin
$712K +$731K +58,047 New
N
27
Nuveen
North Carolina
$705K – – –
RJA
28
Raymond James & Associates
Florida
$666K +$231K +18,330 +51%
CAN
29
Cetera Advisor Networks
California
$607K -$55.2K -4,380 -8%
VKH
30
Virtu KCG Holdings
New York
$597K +$614K +48,724 New
WAM
31
Weiss Asset Management
Massachusetts
$567K +$583K +46,252 New
EA
32
Edge Advisors
Georgia
$533K +$548K +43,500 New
PAG
33
Private Advisor Group
New Jersey
$526K +$74.8K +5,935 +16%
Squarepoint
34
Squarepoint
New York
$520K +$534K +42,400 New
CIA
35
Capital Investment Advisors
Georgia
$470K +$117K +9,300 +32%
Stifel Financial
36
Stifel Financial
Missouri
$461K -$16K -1,269 -3%
GEM
37
Global Endowment Management
North Carolina
$400K – – –
RJFSA
38
Raymond James Financial Services Advisors
Florida
$365K -$33.7K -2,677 -8%
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$359K +$313K +24,818 +554%
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$356K +$259K +20,600 +245%
MSL
41
Mackay Shields LLC
New York
$295K – – –
OC
42
Oppenheimer & Co
New York
$288K +$39K +3,100 +15%
Commonwealth Equity Services
43
Commonwealth Equity Services
Massachusetts
$271K -$151K -11,964 -35%
SBIA
44
Sheaff Brock Investment Advisors
Indiana
$261K +$25.2K +2,000 +10%
PFBT
45
Parkside Financial Bank & Trust
Missouri
$244K – – –
SWM
46
Segment Wealth Management
Texas
$184K – – –
RIA
47
Regal Investment Advisors
Michigan
$173K +$11.4K +905 +7%
HighTower Advisors
48
HighTower Advisors
Illinois
$164K – – –
BRC
49
Bell Rock Capital
Delaware
$158K +$163K +12,927 New
EFS
50
Essex Financial Services
Connecticut
$154K – – –
1
2
3 4

VKQ Hedge Fund Activity: Q4 2016 in Review

71 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q4 2016, worth a combined $81.9M — up 9.3% from $74.9M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new VKQ positions and 5 closed out — a net gain of 11 holders — while 27 added to existing stakes and 17 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $6.21M. The largest seller was New Vernon Investment Management, exiting entirely with an estimated $5.39M sold.

  • 71 institutional investors held Invesco Municipal Trust (VKQ) as of Q4 2016, up from 61 in Q3 2016.
  • Funds reported $81.9M of Invesco Municipal Trust stock for Q4 2016, up 9.3% quarter-over-quarter.
  • 16 funds opened new Invesco Municipal Trust positions in Q4 2016 and 5 closed out, a net change of +11 holders.
  • The largest Invesco Municipal Trust buyer in Q4 2016 was Rivernorth Capital Management, an estimated $6.21M added.
  • The largest Invesco Municipal Trust seller in Q4 2016 was New Vernon Investment Management, an estimated $5.39M sold.

Based on aggregated 13F filings for Q4 2016.