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Invesco Municipal Trust
VKQ

52 hedge funds and large institutions have $101M invested in Invesco Municipal Trust in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 7 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

171% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 7

9% more capital invested

Capital invested by funds: $92.6M → $101M (+$8.34M)

0.74% more ownership

Funds ownership: 13.39% → 14.14% (+0.74%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 54 → 52 (-2)

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

Holders
52
Holders Change
-2
Holders Change %
-3.7%
% of All Funds
1.49%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
5
Increased
19
Reduced
7
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$3.15M
2
GC
Guggenheim Capital
Illinois
+$1.11M
3
AAM
Advisors Asset Management
Colorado
+$920K
4
U
UBS
Switzerland
+$598K
5
WAM
Wolverine Asset Management
Illinois
+$382K

Top Sellers

1
GCM
Gruss Capital Management
New York
-$974K
2
MPEM
Marathon Partners Equity Management
New York
-$762K
3
TC
TFS Capital
Pennsylvania
-$569K
4
Morgan Stanley
Morgan Stanley
New York
-$210K
5
VKH
Virtu KCG Holdings
New York
-$134K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$30.6M +$3.15M +255,042 +12%
RCM
2
Rivernorth Capital Management
Florida
$13.5M – – –
AllianceBernstein
3
AllianceBernstein
Tennessee
$10.3M -$59.3K -4,801 -0.6%
NVIM
4
New Vernon Investment Management
Illinois
$6.31M – – –
Morgan Stanley
5
Morgan Stanley
New York
$6.08M -$210K -17,031 -3%
Bank of America
6
Bank of America
North Carolina
$5.7M +$129K +10,466 +2%
BTS
7
BB&T Securities
Virginia
$3.38M – – –
GC
8
Guggenheim Capital
Illinois
$3.12M +$1.11M +90,286 +57%
GEM
9
Global Endowment Management
North Carolina
$2.58M – – –
AAM
10
Advisors Asset Management
Colorado
$1.67M +$920K +74,503 +126%
Wells Fargo
11
Wells Fargo
California
$1.58M +$35.8K +2,897 +2%
PPA
12
Parametric Portfolio Associates
Washington
$1.44M +$237K +19,169 +20%
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$1.43M +$304K +24,587 +27%
AQR Capital Management
14
AQR Capital Management
Connecticut
$1.31M +$34.9K +2,828 +3%
U
15
UBS
Switzerland
$1.14M +$598K +48,455 +114%
LPL Financial
16
LPL Financial
California
$1.01M +$2.58K +209 +0.3%
CA
17
Cornerstone Advisors
North Carolina
$890K – – –
TCM
18
Tradewinds Capital Management
Washington
$794K – – –
ACI
19
AMP Capital Investors
Australia
$716K – – –
VanEck Associates
20
VanEck Associates
New York
$708K +$124K +10,048 +22%
First Trust Advisors
21
First Trust Advisors
Illinois
$696K +$95.4K +7,725 +16%
RJA
22
Raymond James & Associates
Florida
$568K +$57.3K +4,644 +11%
IH
23
IFC Holdings
Florida
$555K +$37K +3,000 +7%
DA
24
Doliver Advisors
Texas
$488K +$175K +14,206 +57%
SWM
25
Segment Wealth Management
Texas
$482K – – –
1
2 3

VKQ Hedge Fund Activity: Q2 2014 in Review

52 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q2 2014, worth a combined $101M — up 9% from $92.6M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of VKQ and 5 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 19 added.

The largest buyer was Karpus Investment Management, adding an estimated $3.15M. The largest seller was Gruss Capital Management, exiting entirely with an estimated $974K sold.

  • 52 institutional investors held Invesco Municipal Trust (VKQ) as of Q2 2014, down from 54 in Q1 2014.
  • Funds reported $101M of Invesco Municipal Trust stock for Q2 2014, up 9% quarter-over-quarter.
  • 5 funds opened new Invesco Municipal Trust positions in Q2 2014 and 7 closed out, a net change of -2 holders.
  • The largest Invesco Municipal Trust buyer in Q2 2014 was Karpus Investment Management, an estimated $3.15M added.
  • The largest Invesco Municipal Trust seller in Q2 2014 was Gruss Capital Management, an estimated $974K sold.

Based on aggregated 13F filings for Q2 2014.