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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
HNB
76
Huntington National Bank
Ohio
$19K – – –
Citigroup
77
Citigroup
New York
$17K – – –
Fifth Third Bancorp
78
Fifth Third Bancorp
Ohio
$17K – – –
GI
79
Gradient Investments
Minnesota
$14K – – –
JIR
80
James Investment Research
Ohio
$11K – – –
PO
81
Private Ocean
California
$9K – – –
TFS
82
TrustCore Financial Services
Tennessee
$9K – – –
WCM
83
WealthBridge Capital Management
Ohio
$8K +$8.36K +753 New
THWM
84
Taylor Hoffman Wealth Management
Virginia
$6K – – –
RCAG
85
Rehmann Capital Advisory Group
Michigan
$5.13K – – –
FHB
86
First Hawaiian Bank
Hawaii
$5K – – –
APA
87
American Portfolios Advisors
New York
$4.46K – – –
IA
88
IFP Advisors
Florida
$2K – – –
JCM
89
Jacobi Capital Management
Pennsylvania
$2K +$1.73K +156 New
Northern Trust
90
Northern Trust
Illinois
$1K – – –
NMC
91
Nine Masts Capital
Hong Kong
– -$463K -40,100 Closed
Susquehanna International Group
92
Susquehanna International Group
Pennsylvania
– -$387K -33,523 Closed
Millennium Management
93
Millennium Management
New York
– -$258K -22,360 Closed
CWM
94
Cornerstone Wealth Management
Missouri
– -$1.67M -21,158 Closed
CCP
95
Clough Capital Partners
Massachusetts
– -$198K -17,185 Closed
ACA
96
Anchor Capital Advisors
Massachusetts
– -$159K -13,760 Closed
WS
97
Wedbush Securities
California
– -$148K -12,800 Closed
CRC
98
Curi RMB Capital
Illinois
– -$141K -12,199 Closed
DADC
99
D.A. Davidson & Co
Montana
– -$118K -10,240 Closed
GP
100
Girard Partners
Pennsylvania
– -$69K -6,000 Closed
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.