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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
BBHC
51
Brown Brothers Harriman & Co
New York
$61K +$61.6K +4,425 New
JIR
52
James Investment Research
Ohio
$58K – – –
DADC
53
D.A. Davidson & Co
Montana
$46K +$14.6K +1,050 +46%
BC
54
Bartlett & Co
Ohio
$36K – – –
Fifth Third Bancorp
55
Fifth Third Bancorp
Ohio
$33K -$3.2K -230 -9%
LTFS
56
Ladenburg Thalmann Financial Services
Florida
$24K +$17.2K +1,238 +231%
MFS
57
MSI Financial Services
Massachusetts
$14K +$5.53K +397 +62%
AG
58
Advisor Group
Arizona
$13K – – –
CFS
59
Commonwealth Financial Services
West Virginia
$11K – – –
GWM
60
Geneos Wealth Management
Colorado
$10K – – –
Citigroup
61
Citigroup
New York
$4K – – –
DOA
62
D'Orazio & Associates
Virginia
$4K – – –
YMRC
63
Yorktown Management & Research Company
Virginia
– -$2.84M -200,000 Closed
Northern Trust
64
Northern Trust
Illinois
– -$3K -18,717 Closed
WFI
65
West Family Investments
California
– -$254K -17,900 Closed
DA
66
Doliver Advisors
Texas
– -$214K -15,064 Closed
AIM
67
Allen Investment Management
New York
– -$186K -13,124 Closed
BTS
68
BB&T Securities
Virginia
– -$171K -12,100 Closed
LNWWM
69
Laird Norton Wetherby Wealth Management
California
– -$172K -12,087 Closed
Northwestern Mutual Wealth Management
70
Northwestern Mutual Wealth Management
Wisconsin
– -$89K -6,250 Closed
TJHA
71
Thomas J. Herzfeld Advisors
Florida
– -$71K -5,000 Closed
Deutsche Bank
72
Deutsche Bank
Germany
– -$39K -2,750 Closed
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.