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Invesco Municipal Trust
VKQ

68 hedge funds and large institutions have $70.5M invested in Invesco Municipal Trust in 2017 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 30 increasing their positions, 16 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 16

1.79% less ownership

Funds ownership: 11.75% → 9.97% (-1.8%)

3% less funds holding

Funds holding: 70 → 68 (-2)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

14% less capital invested

Capital invested by funds: $82.4M → $70.5M (-$11.8M)

Holders
68
Holders Change
-2
Holders Change %
-2.86%
% of All Funds
1.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
30
Reduced
16
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$1.71M
2
IWA
IBEX Wealth Advisors
New Jersey
+$1.33M
3
RCM
Robinson Capital Management
Michigan
+$771K
4
LTFS
Ladenburg Thalmann Financial Services
Florida
+$576K
5
UBS Group
UBS Group
Switzerland
+$438K

Top Sellers

1
LCM
Laurion Capital Management
New York
-$4.46M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$4.15M
3
RCM
Rivernorth Capital Management
Florida
-$3.38M
4
KIM
Karpus Investment Management
New York
-$2.48M
5
GC
Guggenheim Capital
Illinois
-$1.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
DA
76
Doliver Advisors
Texas
– -$126K -10,030 Closed
FHA
77
First Horizon Advisors
Tennessee
– -$8K -600 Closed
1 2 3
4

VKQ Hedge Fund Activity: Q2 2017 in Review

68 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q2 2017, worth a combined $70.5M — down 14% from $82.4M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of VKQ and 7 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 30 added.

The largest buyer was Wells Fargo, adding an estimated $1.71M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $4.46M sold.

  • 68 institutional investors held Invesco Municipal Trust (VKQ) as of Q2 2017, down from 70 in Q1 2017.
  • Funds reported $70.5M of Invesco Municipal Trust stock for Q2 2017, down 14% quarter-over-quarter.
  • 7 funds opened new Invesco Municipal Trust positions in Q2 2017 and 8 closed out, a net change of -1 holder.
  • The largest Invesco Municipal Trust buyer in Q2 2017 was Wells Fargo, an estimated $1.71M added.
  • The largest Invesco Municipal Trust seller in Q2 2017 was Laurion Capital Management, an estimated $4.46M sold.

Based on aggregated 13F filings for Q2 2017.