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Invesco Municipal Trust

51 hedge funds and large institutions have $48.3M invested in Invesco Municipal Trust in 2013 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

66% more capital invested

Capital invested by funds: $29M → $48.3M (+$19.2M)

50% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 8

9% more funds holding

Funds holding: 4751 (+4)

2.8% more ownership

Funds ownership: 4.2%7% (+2.8%)

0% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 13

Holders
51
Holders Change
+4
Holders Change %
+8.51%
% of All Funds
1.65%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
12
Increased
13
Reduced
13
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
FTCM
1
Fir Tree Capital Management
New York
$13M +$12.9M +1,111,573 New
Morgan Stanley
2
Morgan Stanley
New York
$5.22M +$1.27M +109,770 +33%
GC
3
Guggenheim Capital
Illinois
$4.57M -$5.01M -432,555 -53%
Bank of America
4
Bank of America
North Carolina
$4.31M +$990K +85,449 +30%
RCM
5
Rivernorth Capital Management
Florida
$4.15M +$4.11M +354,632 New
BTS
6
BB&T Securities
Virginia
$3.36M -$4.06K -350 -1%
KIM
7
Karpus Investment Management
New York
$2.12M +$2.1M +181,284 New
Wells Fargo
8
Wells Fargo
California
$1.34M +$41.8K +3,606 +3%
TC
9
TFS Capital
Pennsylvania
$1.27M +$1.26M +108,515 New
LPL Financial
10
LPL Financial
California
$1M +$91.5K +7,895 +10%
AQR Capital Management
11
AQR Capital Management
Connecticut
$651K +$645K +55,666 New
PPA
12
Parametric Portfolio Associates
Washington
$608K +$602K +51,947 New
VanEck Associates
13
VanEck Associates
New York
$531K +$93K +8,021 +21%
GEM
14
Global Endowment Management
North Carolina
$509K +$504K +43,470 New
AAM
15
Advisors Asset Management
Colorado
$485K -$44K -3,797 -8%
IH
16
IFC Holdings
Florida
$469K +$16.6K +1,430 +4%
SWM
17
Segment Wealth Management
Texas
$410K +$174K +15,000 +75%
WAM
18
Wolverine Asset Management
Illinois
$364K +$362K +31,196 New
RJA
19
Raymond James & Associates
Florida
$359K -$70.3K -6,066 -17%
JP Morgan Chase
20
JP Morgan Chase
New York
$282K
HighTower Advisors
21
HighTower Advisors
Illinois
$269K +$44K +3,800 +20%
First Trust Advisors
22
First Trust Advisors
Illinois
$200K -$8.15K -703 -4%
KeyBank National Association
23
KeyBank National Association
Ohio
$192K +$11.6K +1,000 +6%
CA
24
Cornerstone Advisors
North Carolina
$190K
US Bancorp
25
US Bancorp
Minnesota
$190K

VKQ Hedge Fund Activity: Q3 2013 in Review

51 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q3 2013, worth a combined $48.3M — up 66% from $29M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new VKQ positions and 8 closed out — a net gain of 4 holders — while 13 added to existing stakes and 13 trimmed.

The largest buyer was Fir Tree Capital Management, opening a new position worth an estimated $12.9M. The largest seller was Guggenheim Capital, cutting an estimated $5.01M.

  • 51 institutional investors held Invesco Municipal Trust (VKQ) as of Q3 2013, up from 47 in Q2 2013.
  • Funds reported $48.3M of Invesco Municipal Trust stock for Q3 2013, up 66% quarter-over-quarter.
  • 12 funds opened new Invesco Municipal Trust positions in Q3 2013 and 8 closed out, a net change of +4 holders.
  • The largest Invesco Municipal Trust buyer in Q3 2013 was Fir Tree Capital Management, an estimated $12.9M added.
  • The largest Invesco Municipal Trust seller in Q3 2013 was Guggenheim Capital, an estimated $5.01M sold.

Based on aggregated 13F filings for Q3 2013.