Invesco Municipal Trust
VKQ
62 hedge funds and large institutions have $108M invested in Invesco Municipal Trust in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 26 increasing their positions, 16 reducing their positions, and 8 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
63% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 16
2.38% less ownership
Funds ownership: 17.07% → 14.69% (-2.4%)
3% less funds holding
Funds holding: 64 → 62 (-2)
10% less capital invested
Capital invested by funds: $120M → $108M (-$12.4M)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$2.61M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.53M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.16M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.06M |
| 5 |
LCM
Laurion Capital Management
New York
|
+$1.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$20.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.73M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.04M |
| 4 |
Morgan Stanley
New York
|
-$915K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$288K |
VKQ Hedge Fund Activity: Q1 2016 in Review
62 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q1 2016, worth a combined $108M — down 10% from $120M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of VKQ and 6 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 26 added.
The largest buyer was Yorktown Management & Research Company, opening a new position worth an estimated $2.61M. The largest seller was Karpus Investment Management, cutting an estimated $20.3M.
- 62 institutional investors held Invesco Municipal Trust (VKQ) as of Q1 2016, down from 64 in Q4 2015.
- Funds reported $108M of Invesco Municipal Trust stock for Q1 2016, down 10% quarter-over-quarter.
- 6 funds opened new Invesco Municipal Trust positions in Q1 2016 and 8 closed out, a net change of -2 holders.
- The largest Invesco Municipal Trust buyer in Q1 2016 was Yorktown Management & Research Company, an estimated $2.61M added.
- The largest Invesco Municipal Trust seller in Q1 2016 was Karpus Investment Management, an estimated $20.3M sold.
Based on aggregated 13F filings for Q1 2016.