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Invesco Municipal Trust
VKQ

89 hedge funds and large institutions have $101M invested in Invesco Municipal Trust in 2018 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more capital invested

Capital invested by funds: $78.8M → $101M (+$22.1M)

19% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 21

4.26% more ownership

Funds ownership: 12.14% → 16.4% (+4.3%)

7% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 14

3% less funds holding

Funds holding: 92 → 89 (-3)

Holders
89
Holders Change
-3
Holders Change %
-3.26%
% of All Funds
1.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
25
Reduced
21
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$7.81M
2
BI
Bramshill Investments
Florida
+$6.86M
3
UBS Group
UBS Group
Switzerland
+$2.35M
4
HighTower Advisors
HighTower Advisors
Illinois
+$2.28M
5
RCM
Rivernorth Capital Management
Florida
+$2.22M

Top Sellers

Rank Fund Capital Flow
1
CWM
Cornerstone Wealth Management
Missouri
-$1.67M
2
GC
Guggenheim Capital
Illinois
-$495K
3
NMC
Nine Masts Capital
Hong Kong
-$463K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$387K
5
AAM
Advisors Asset Management
Colorado
-$310K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
51
Commonwealth Equity Services
Massachusetts
$180K -$63.7K -5,738 -26%
FFSOTS
52
Fiduciary Financial Services of The Southwest
Texas
$175K -$32.9K -2,965 -16%
MWM
53
Merriman Wealth Management
Washington
$170K +$167K +15,000 New
KM
54
Kalos Management
Georgia
$168K +$3.89K +350 +2%
PFS
55
Prospera Financial Services
Texas
$158K – – –
IC
56
Inscription Capital
Texas
$146K +$145K +13,094 New
HCM
57
Hollencrest Capital Management
California
$133K – – –
EFS
58
Essex Financial Services
Connecticut
$129K +$129K +11,600 New
PAG
59
Private Advisor Group
New Jersey
$129K +$129K +11,600 New
BTNA
60
Bremer Trust National Association
Minnesota
$128K – – –
WAM
61
Wolverine Asset Management
Illinois
$127K +$127K +11,443 New
PM
62
Penbrook Management
New York
$111K – – –
BRC
63
Bell Rock Capital
Delaware
$101K +$1.19K +107 +1%
BAM
64
Barrett Asset Management
New York
$84K – – –
US Bancorp
65
US Bancorp
Minnesota
$72K – – –
BFEC
66
Benjamin F. Edwards & Company
Missouri
$67K +$19.2K +1,726 +40%
HCM
67
Highlander Capital Management
New Jersey
$64K – – –
AG
68
Advisor Group
Arizona
$35K +$2.09K +188 +6%
CFG
69
CKW Financial Group
Hawaii
$33K – – –
GWM
70
Geneos Wealth Management
Colorado
$30K – – –
BCWM
71
Bartlett & Co Wealth Management
Ohio
$29.4K – – –
BC
72
Bartlett & Co
Ohio
$29K – – –
SWM
73
SeaCrest Wealth Management
New York
$27K -$3.78K -340 -12%
QCIG
74
Quad-Cities Investment Group
Iowa
$21K +$300 +27 +1%
PWMG
75
Prestige Wealth Management Group
New Jersey
$21K +$20.5K +1,843 New
1 2
3
4 5

VKQ Hedge Fund Activity: Q4 2018 in Review

89 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q4 2018, worth a combined $101M — up 28% from $78.8M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of VKQ and 13 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 25 added.

The largest buyer was Karpus Investment Management, adding an estimated $7.81M. The largest seller was Cornerstone Wealth Management, exiting entirely with an estimated $1.67M sold.

  • 89 institutional investors held Invesco Municipal Trust (VKQ) as of Q4 2018, down from 92 in Q3 2018.
  • Funds reported $101M of Invesco Municipal Trust stock for Q4 2018, up 28% quarter-over-quarter.
  • 13 funds opened new Invesco Municipal Trust positions in Q4 2018 and 14 closed out, a net change of -1 holder.
  • The largest Invesco Municipal Trust buyer in Q4 2018 was Karpus Investment Management, an estimated $7.81M added.
  • The largest Invesco Municipal Trust seller in Q4 2018 was Cornerstone Wealth Management, an estimated $1.67M sold.

Based on aggregated 13F filings for Q4 2018.