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Invesco Municipal Trust
VKQ

54 hedge funds and large institutions have $92.6M invested in Invesco Municipal Trust in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more capital invested

Capital invested by funds: $77.9M → $92.6M (+$14.8M)

18% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 17

1.63% more ownership

Funds ownership: 11.76% → 13.39% (+1.6%)

10% less funds holding

Funds holding: 60 → 54 (-6)

60% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 10

Holders
54
Holders Change
-6
Holders Change %
-10%
% of All Funds
1.56%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
4
Increased
20
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AllianceBernstein
AllianceBernstein
Tennessee
+$9.95M
2
NVIM
New Vernon Investment Management
Illinois
+$2.95M
3
ACI
AMP Capital Investors
Australia
+$686K
4
TC
TFS Capital
Pennsylvania
+$566K
5
AAM
Advisors Asset Management
Colorado
+$484K

Top Sellers

1
WAM
Wolverine Asset Management
Illinois
-$829K
2
GC
Guggenheim Capital
Illinois
-$822K
3
SG Americas Securities
SG Americas Securities
New York
-$567K
4
KIM
Karpus Investment Management
New York
-$451K
5
COLIM
City of London Investment Management
United Kingdom
-$440K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
51
Ladenburg Thalmann Financial Services
Florida
$5K – – –
DOA
52
D'Orazio & Associates
Virginia
$4K – – –
AIG
53
American International Group
New York
$3.63K -$10.8K -894 -75%
Barclays
54
Barclays
United Kingdom
$1K -$345K -28,668 -100%
TRCT
55
Tower Research Capital (TRC)
New York
$1K -$3.84K -319 -84%
SG Americas Securities
56
SG Americas Securities
New York
– -$567K -48,927 Closed
COLIM
57
City of London Investment Management
United Kingdom
– -$440K -37,974 Closed
OFG
58
OTA Financial Group
New York
– -$282 -24,382 Closed
CIA
59
Capital Investment Advisors
Georgia
– -$217K -18,735 Closed
OC
60
Oppenheimer & Co
New York
– -$184K -15,854 Closed
Northern Trust
61
Northern Trust
Illinois
– -$1K -12,254 Closed
Susquehanna International Group
62
Susquehanna International Group
Pennsylvania
– -$135K -11,686 Closed
HFS
63
HL Financial Services
Kentucky
– -$127K -10,946 Closed
S
64
SignatureFD
Georgia
– -$19K -1,666 Closed
DADC
65
D.A. Davidson & Co
Montana
– -$5K -500 Closed
1 2
3

VKQ Hedge Fund Activity: Q1 2014 in Review

54 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q1 2014, worth a combined $92.6M — up 19% from $77.9M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of VKQ and 4 opened new positions — a net loss of 6 holders — while 17 trimmed existing stakes and 20 added.

The largest buyer was AllianceBernstein, opening a new position worth an estimated $9.95M. The largest seller was Wolverine Asset Management, cutting an estimated $829K.

  • 54 institutional investors held Invesco Municipal Trust (VKQ) as of Q1 2014, down from 60 in Q4 2013.
  • Funds reported $92.6M of Invesco Municipal Trust stock for Q1 2014, up 19% quarter-over-quarter.
  • 4 funds opened new Invesco Municipal Trust positions in Q1 2014 and 10 closed out, a net change of -6 holders.
  • The largest Invesco Municipal Trust buyer in Q1 2014 was AllianceBernstein, an estimated $9.95M added.
  • The largest Invesco Municipal Trust seller in Q1 2014 was Wolverine Asset Management, an estimated $829K sold.

Based on aggregated 13F filings for Q1 2014.