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Invesco Municipal Trust

54 hedge funds and large institutions have $92.6M invested in Invesco Municipal Trust in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more capital invested

Capital invested by funds: $77.9M → $92.6M (+$14.8M)

18% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 17

1.63% more ownership

Funds ownership: 11.76%13.39% (+1.6%)

10% less funds holding

Funds holding: 6054 (-6)

60% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 10

Holders
54
Holders Change
-6
Holders Change %
-10%
% of All Funds
1.56%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
4
Increased
20
Reduced
17
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$26.4M -$451K -37,452 -2%
RCM
2
Rivernorth Capital Management
Florida
$13.1M -$324K -26,900 -2%
AllianceBernstein
3
AllianceBernstein
Tennessee
$9.99M +$9.95M +825,801 New
NVIM
4
New Vernon Investment Management
Illinois
$6.1M +$2.95M +245,000 +95%
Morgan Stanley
5
Morgan Stanley
New York
$6.09M +$276K +22,898 +5%
Bank of America
6
Bank of America
North Carolina
$5.38M +$404K +33,564 +8%
BTS
7
BB&T Securities
Virginia
$3.27M -$8.04K -668 -2%
GEM
8
Global Endowment Management
North Carolina
$2.5M
GC
9
Guggenheim Capital
Illinois
$1.92M -$822K -68,222 -30%
Wells Fargo
10
Wells Fargo
California
$1.49M +$61.5K +5,110 +4%
AQR Capital Management
11
AQR Capital Management
Connecticut
$1.23M
PPA
12
Parametric Portfolio Associates
Washington
$1.16M +$342K +28,437 +42%
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$1.09M -$74.4K -6,177 -6%
GCM
14
Gruss Capital Management
New York
$974K
LPL Financial
15
LPL Financial
California
$971K -$120K -9,984 -11%
CA
16
Cornerstone Advisors
North Carolina
$860K -$89.1K -7,400 -9%
TCM
17
Tradewinds Capital Management
Washington
$768K +$1.87K +155 +0.2%
MPEM
18
Marathon Partners Equity Management
New York
$762K -$181K -15,000 -19%
AAM
19
Advisors Asset Management
Colorado
$716K +$484K +40,214 +212%
ACI
20
AMP Capital Investors
Australia
$690K +$686K +57,000 New
First Trust Advisors
21
First Trust Advisors
Illinois
$579K +$42.2K +3,505 +8%
TC
22
TFS Capital
Pennsylvania
$569K +$566K +47,024 New
VanEck Associates
23
VanEck Associates
New York
$562K +$73.1K +6,073 +15%
U
24
UBS
Switzerland
$515K +$105K +8,731 +26%
IH
25
IFC Holdings
Florida
$495K +$36.1K +3,000 +8%

VKQ Hedge Fund Activity: Q1 2014 in Review

54 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q1 2014, worth a combined $92.6M — up 19% from $77.9M 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 20 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 $92.6M 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.