Invesco Municipal Trust
VKQ
60 hedge funds and large institutions have $75.3M invested in Invesco Municipal Trust in 2013 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 21 increasing their positions, 9 reducing their positions, and 11 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 9
91% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 11
66% more capital invested
Capital invested by funds: $45.2M → $75.3M (+$30M)
18% more funds holding
Funds holding: 51 → 60 (+9)
4.77% more ownership
Funds ownership: 7% → 11.76% (+4.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$23.4M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.63M |
| 3 |
NVIM
New Vernon Investment Management
Highland Park,
Illinois
|
+$2.97M |
| 4 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$1.86M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$960K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$13M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.88M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.27M |
| 4 |
JP Morgan Chase
New York
|
-$282K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$258K |
VKQ Hedge Fund Activity: Q4 2013 in Review
60 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q4 2013, worth a combined $75.3M — up 66% from $45.2M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new VKQ positions and 11 closed out — a net gain of 10 holders — while 21 added to existing stakes and 9 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $23.4M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $13M sold.
- 60 institutional investors held Invesco Municipal Trust (VKQ) as of Q4 2013, up from 51 in Q3 2013.
- Funds reported $75.3M of Invesco Municipal Trust stock for Q4 2013, up 66% quarter-over-quarter.
- 21 funds opened new Invesco Municipal Trust positions in Q4 2013 and 11 closed out, a net change of +10 holders.
- The largest Invesco Municipal Trust buyer in Q4 2013 was Karpus Investment Management, an estimated $23.4M added.
- The largest Invesco Municipal Trust seller in Q4 2013 was Fir Tree Capital Management, an estimated $13M sold.
Based on aggregated 13F filings for Q4 2013.