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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.81M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$6.86M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$2.35M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$2.28M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$1.67M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$495K |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$463K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$387K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$310K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWP
101
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$67K | -5,823 | Closed |
|
|
MIM
102
Macroview Investment Management
Bethesda,
Maryland
| – | -$33K | -2,878 | Closed |
|
103
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$24K | -2,079 | Closed |
|
|
SSB
104
Sandy Spring Bank
Olney,
Maryland
| – | -$5K | -450 | Closed |
|
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.