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Invesco Municipal Trust
VKQ

61 hedge funds and large institutions have $74.9M invested in Invesco Municipal Trust in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 23 increasing their positions, 19 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 19

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.37% less ownership

Funds ownership: 11.11% → 9.75% (-1.4%)

12% less funds holding

Funds holding: 69 → 61 (-8)

14% less capital invested

Capital invested by funds: $87.1M → $74.9M (-$12.2M)

70% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 10

Holders
61
Holders Change
-8
Holders Change %
-11.59%
% of All Funds
1.63%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
3
Increased
23
Reduced
19
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AGA
Accuvest Global Advisors
Utah
+$1.46M
2
SIA
Sit Investment Associates
Minnesota
+$713K
3
Cohen & Steers
Cohen & Steers
New York
+$704K
4
Wells Fargo
Wells Fargo
California
+$393K
5
SMC
Smith, Moore & Co
Missouri
+$388K

Top Sellers

1
MSL
Mackay Shields LLC
New York
-$5.09M
2
YMRC
Yorktown Management & Research Company
Virginia
-$2.84M
3
KIM
Karpus Investment Management
New York
-$2.7M
4
GC
Guggenheim Capital
Illinois
-$940K
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$879K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$10.7M -$940K -67,509 -8%
AAM
2
Advisors Asset Management
Colorado
$7.09M +$73.8K +5,302 +1%
Wells Fargo
3
Wells Fargo
California
$6.03M +$393K +28,255 +7%
SIA
4
Sit Investment Associates
Minnesota
$5.63M +$713K +51,222 +14%
NVIM
5
New Vernon Investment Management
Illinois
$5.39M -$668K -48,000 -11%
Fiera Capital (Canada)
6
Fiera Capital (Canada)
Quebec, Canada
$4.07M -$879K -63,146 -18%
Morgan Stanley
7
Morgan Stanley
New York
$3.84M -$530K -38,071 -12%
Bank of America
8
Bank of America
North Carolina
$3.74M -$6.96K -500 -0.2%
UBS Group
9
UBS Group
Switzerland
$3.64M +$374K +26,886 +11%
AGA
10
Accuvest Global Advisors
Utah
$2.74M +$1.46M +104,525 +111%
VanEck Associates
11
VanEck Associates
New York
$2.41M +$271K +19,443 +13%
JWA
12
JFS Wealth Advisors
Pennsylvania
$1.93M +$49.2K +3,533 +3%
TCM
13
Tradewinds Capital Management
Washington
$1.47M -$123K -8,861 -8%
LPL Financial
14
LPL Financial
California
$1.29M +$272K +19,545 +26%
Cambridge Investment Research Advisors
15
Cambridge Investment Research Advisors
Iowa
$1.06M +$41.2K +2,956 +4%
RCM
16
Robinson Capital Management
Michigan
$942K -$153K -11,000 -14%
IH
17
IFC Holdings
Florida
$837K -$19.1K -1,375 -2%
PCP
18
Proficio Capital Partners
Massachusetts
$816K -$26.2K -1,885 -3%
N
19
Nuveen
North Carolina
$793K – – –
CAN
20
Cetera Advisor Networks
California
$742K +$234K +16,795 +45%
Cohen & Steers
21
Cohen & Steers
New York
$698K +$704K +50,587 New
First Trust Advisors
22
First Trust Advisors
Illinois
$688K +$51.2K +3,678 +8%
PFBT
23
Parkside Financial Bank & Trust
Missouri
$621K – – –
KIM
24
Karpus Investment Management
New York
$581K -$2.7M -194,201 -82%
Stifel Financial
25
Stifel Financial
Missouri
$535K +$125K +9,000 +30%
1
2 3

VKQ Hedge Fund Activity: Q3 2016 in Review

61 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q3 2016, worth a combined $74.9M — down 14% from $87.1M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of VKQ and 3 opened new positions — a net loss of 7 holders — while 19 trimmed existing stakes and 23 added.

The largest buyer was Accuvest Global Advisors, adding an estimated $1.46M. The largest seller was Mackay Shields LLC, cutting an estimated $5.09M.

  • 61 institutional investors held Invesco Municipal Trust (VKQ) as of Q3 2016, down from 69 in Q2 2016.
  • Funds reported $74.9M of Invesco Municipal Trust stock for Q3 2016, down 14% quarter-over-quarter.
  • 3 funds opened new Invesco Municipal Trust positions in Q3 2016 and 10 closed out, a net change of -7 holders.
  • The largest Invesco Municipal Trust buyer in Q3 2016 was Accuvest Global Advisors, an estimated $1.46M added.
  • The largest Invesco Municipal Trust seller in Q3 2016 was Mackay Shields LLC, an estimated $5.09M sold.

Based on aggregated 13F filings for Q3 2016.