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Invesco Municipal Trust
VKQ

83 hedge funds and large institutions have $111M invested in Invesco Municipal Trust in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 27 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $101M → $111M (+$10.1M)

0.28% more ownership

Funds ownership: 16.4% → 16.68% (+0.28%)

7% less funds holding

Funds holding: 89 → 83 (-6)

22% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 27

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

Holders
83
Holders Change
-6
Holders Change %
-6.74%
% of All Funds
1.8%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
6
Increased
21
Reduced
27
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BI
Bramshill Investments
Florida
+$9.13M
2
PPA
Parametric Portfolio Associates
Washington
+$3.86M
3
JP Morgan Chase
JP Morgan Chase
New York
+$1.7M
4
UBS Group
UBS Group
Switzerland
+$1.15M
5
PCP
Proficio Capital Partners
Massachusetts
+$661K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$7.46M
2
RCM
Rivernorth Capital Management
Florida
-$1.79M
3
RCM
Robinson Capital Management
Michigan
-$1.62M
4
LCM
Landscape Capital Management
New Jersey
-$1.24M
5
AA
AQR Arbitrage
Connecticut
-$969K
Name Holding Trade Value Shares
Change 		Change in
Stake
TFS
76
TrustCore Financial Services
Tennessee
$9K – – –
WCM
77
WealthBridge Capital Management
Ohio
$9K – – –
HNB
78
Huntington National Bank
Ohio
$8K – – –
THWM
79
Taylor Hoffman Wealth Management
Virginia
$6K – – –
RCAG
80
Rehmann Capital Advisory Group
Michigan
$5.55K – – –
FHB
81
First Hawaiian Bank
Hawaii
$5K – – –
APA
82
American Portfolios Advisors
New York
$4.82K – – –
JCM
83
Jacobi Capital Management
Pennsylvania
$2K – – –
Northern Trust
84
Northern Trust
Illinois
$1K +$401 +34 +0.3%
RCM
85
Robinson Capital Management
Michigan
– -$1.62M -145,294 Closed
LCM
86
Landscape Capital Management
New Jersey
– -$1.24M -111,642 Closed
RIA
87
Regal Investment Advisors
Michigan
– -$306K -27,511 Closed
MIG
88
Mariner Investment Group
New York
– -$299K -26,800 Closed
KM
89
Kalos Management
Georgia
– -$168K -15,100 Closed
MWM
90
Merriman Wealth Management
Washington
– -$170K -15,000 Closed
EFS
91
Essex Financial Services
Connecticut
– -$129K -11,600 Closed
PAG
92
Private Advisor Group
New Jersey
– -$129K -11,600 Closed
WAM
93
Wolverine Asset Management
Illinois
– -$127K -11,443 Closed
GWM
94
Geneos Wealth Management
Colorado
– -$30K -2,788 Closed
IA
95
IFP Advisors
Florida
– -$2K -174 Closed
1 2 3
4

VKQ Hedge Fund Activity: Q1 2019 in Review

83 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q1 2019, worth a combined $111M — up 10% from $101M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of VKQ and 6 opened new positions — a net loss of 5 holders — while 27 trimmed existing stakes and 21 added.

The largest buyer was Bramshill Investments, adding an estimated $9.13M. The largest seller was Karpus Investment Management, cutting an estimated $7.46M.

  • 83 institutional investors held Invesco Municipal Trust (VKQ) as of Q1 2019, down from 89 in Q4 2018.
  • Funds reported $111M of Invesco Municipal Trust stock for Q1 2019, up 10% quarter-over-quarter.
  • 6 funds opened new Invesco Municipal Trust positions in Q1 2019 and 11 closed out, a net change of -5 holders.
  • The largest Invesco Municipal Trust buyer in Q1 2019 was Bramshill Investments, an estimated $9.13M added.
  • The largest Invesco Municipal Trust seller in Q1 2019 was Karpus Investment Management, an estimated $7.46M sold.

Based on aggregated 13F filings for Q1 2019.