Invesco Municipal Trust
VKQ
64 hedge funds and large institutions have $120M invested in Invesco Municipal Trust in 2015 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 8 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 15
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
3% more funds holding
Funds holding: 62 → 64 (+2)
2% more capital invested
Capital invested by funds: $117M → $120M (+$2.76M)
0.23% less ownership
Funds ownership: 17.3% → 17.07% (-0.23%)
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$4.64M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.63M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$2.13M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$734K |
| 5 |
LPL Financial
San Diego,
California
|
+$537K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.24M |
| 2 |
MSL
Mackay Shields LLC
New York
|
-$2.87M |
| 3 |
LSA
Liberty Street Advisors
New York
|
-$2.07M |
| 4 |
Morgan Stanley
New York
|
-$1.13M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$684K |
VKQ Hedge Fund Activity: Q4 2015 in Review
64 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q4 2015, worth a combined $120M — up 2.3% from $117M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new VKQ positions and 8 closed out — a net gain of 3 holders — while 23 added to existing stakes and 15 trimmed.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $4.64M. The largest seller was Rivernorth Capital Management, cutting an estimated $4.24M.
- 64 institutional investors held Invesco Municipal Trust (VKQ) as of Q4 2015, up from 62 in Q3 2015.
- Funds reported $120M of Invesco Municipal Trust stock for Q4 2015, up 2.3% quarter-over-quarter.
- 11 funds opened new Invesco Municipal Trust positions in Q4 2015 and 8 closed out, a net change of +3 holders.
- The largest Invesco Municipal Trust buyer in Q4 2015 was Fiera Capital (Canada), an estimated $4.64M added.
- The largest Invesco Municipal Trust seller in Q4 2015 was Rivernorth Capital Management, an estimated $4.24M sold.
Based on aggregated 13F filings for Q4 2015.