Invesco Municipal Trust
VKQ
54 hedge funds and large institutions have $89.6M invested in Invesco Municipal Trust in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 10 closing their positions.
19% more capital invested
Capital invested by funds: $75.3M → $89.6M (+$14.3M)
12% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 17
1.61% more ownership
Funds ownership: 11.76% → 13.37% (+1.6%)
10% less funds holding
Funds holding: 60 → 54 (-6)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$9.95M |
| 2 |
NVIM
New Vernon Investment Management
Highland Park,
Illinois
|
+$2.95M |
| 3 |
ACI
AMP Capital Investors
Sydney,
Australia
|
+$686K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$566K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$484K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$829K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$822K |
| 3 |
SG Americas Securities
New York
|
-$567K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$451K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$440K |
VKQ Hedge Fund Activity: Q1 2014 in Review
54 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q1 2014, worth a combined $89.6M — up 19% from $75.3M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of VKQ and 4 opened new positions — a net loss of 6 holders — while 17 trimmed existing stakes and 19 added.
The largest buyer was AllianceBernstein, opening a new position worth an estimated $9.95M. The largest seller was Wolverine Asset Management, cutting an estimated $829K.
- 54 institutional investors held Invesco Municipal Trust (VKQ) as of Q1 2014, down from 60 in Q4 2013.
- Funds reported $89.6M of Invesco Municipal Trust stock for Q1 2014, up 19% quarter-over-quarter.
- 4 funds opened new Invesco Municipal Trust positions in Q1 2014 and 10 closed out, a net change of -6 holders.
- The largest Invesco Municipal Trust buyer in Q1 2014 was AllianceBernstein, an estimated $9.95M added.
- The largest Invesco Municipal Trust seller in Q1 2014 was Wolverine Asset Management, an estimated $829K sold.
Based on aggregated 13F filings for Q1 2014.