Invesco Municipal Trust
VKQ
69 hedge funds and large institutions have $87.1M invested in Invesco Municipal Trust in 2016 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 6 closing their positions.
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
11% more funds holding
Funds holding: 62 → 69 (+7)
5% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 19
3.57% less ownership
Funds ownership: 14.69% → 11.11% (-3.6%)
19% less capital invested
Capital invested by funds: $108M → $87.1M (-$20.8M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.45M |
| 2 |
AGA
Accuvest Global Advisors
Provo,
Utah
|
+$1.28M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$976K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$884K |
| 5 |
Nuveen
Charlotte,
North Carolina
|
+$782K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$17.9M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$5.97M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$4.55M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3.28M |
| 5 |
NVIM
New Vernon Investment Management
Highland Park,
Illinois
|
-$885K |
VKQ Hedge Fund Activity: Q2 2016 in Review
69 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q2 2016, worth a combined $87.1M — down 19% from $108M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new VKQ positions and 6 closed out — a net gain of 7 holders — while 18 added to existing stakes and 19 trimmed.
The largest buyer was Wells Fargo, adding an estimated $1.45M. The largest seller was Karpus Investment Management, cutting an estimated $17.9M.
- 69 institutional investors held Invesco Municipal Trust (VKQ) as of Q2 2016, up from 62 in Q1 2016.
- Funds reported $87.1M of Invesco Municipal Trust stock for Q2 2016, down 19% quarter-over-quarter.
- 13 funds opened new Invesco Municipal Trust positions in Q2 2016 and 6 closed out, a net change of +7 holders.
- The largest Invesco Municipal Trust buyer in Q2 2016 was Wells Fargo, an estimated $1.45M added.
- The largest Invesco Municipal Trust seller in Q2 2016 was Karpus Investment Management, an estimated $17.9M sold.
Based on aggregated 13F filings for Q2 2016.