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Invesco Municipal Opportunity Trust
VMO

70 hedge funds and large institutions have $102M invested in Invesco Municipal Opportunity Trust in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 16 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 16

2% more capital invested

Capital invested by funds: $99.8M → $102M (+$1.7M)

0.1% more ownership

Funds ownership: 11.84% → 11.94% (+0.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less funds holding

Funds holding: 71 → 70 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
70
Holders Change
-1
Holders Change %
-1.41%
% of All Funds
2.03%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
22
Reduced
16
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
+$3.01M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$1.78M
3
AAM
Advisors Asset Management
Colorado
+$1.07M
4
KIM
Karpus Investment Management
New York
+$961K
5
Cohen & Steers
Cohen & Steers
New York
+$538K

Top Sellers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
-$1.64M
2
RCM
Rivernorth Capital Management
Florida
-$1.6M
3
Morgan Stanley
Morgan Stanley
New York
-$1.3M
4
NCM
Newgate Capital Management
Connecticut
-$892K
5
GEM
Global Endowment Management
North Carolina
-$771K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
26
Private Advisor Group
New Jersey
$493K +$24.4K +1,958 +5%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$474K +$31.1K +2,500 +7%
PNC Financial Services Group
28
PNC Financial Services Group
Pennsylvania
$441K -$12.3K -992 -3%
HK
29
Horizon Kinetics
New York
$383K -$93.8K -7,536 -20%
RJFSA
30
Raymond James Financial Services Advisors
Florida
$376K +$6.59K +530 +2%
DA
31
Doliver Advisors
Texas
$365K +$68K +5,462 +23%
IH
32
IFC Holdings
Florida
$363K -$33.6K -2,700 -9%
WFI
33
West Family Investments
California
$348K – – –
WAM
34
Wolverine Asset Management
Illinois
$326K -$66.3K -5,327 -17%
Citigroup
35
Citigroup
New York
$317K +$8.32K +669 +3%
PIA
36
Peachtree Investment Advisors
Georgia
$313K – – –
RJT
37
Raymond James Trust
Florida
$309K – – –
LCM
38
Landscape Capital Management
New Jersey
$281K +$13.6K +1,092 +5%
TCM
39
Tradewinds Capital Management
Washington
$263K – – –
HighTower Advisors
40
HighTower Advisors
Illinois
$247K – – –
ICAS
41
Investors Capital Advisory Services
Massachusetts
$233K +$100 +8 +0%
Bank of Montreal
42
Bank of Montreal
Ontario, Canada
$224K – – –
Cambridge Investment Research Advisors
43
Cambridge Investment Research Advisors
Iowa
$216K -$110K -8,873 -34%
PA
44
Planning Alternatives
Michigan
$214K – – –
EFS
45
Essex Financial Services
Connecticut
$199K -$15.7K -1,265 -7%
HCM
46
Hollencrest Capital Management
California
$189K – – –
DS
47
DRW Securities
Illinois
$180K – – –
FAAS
48
First Allied Advisory Services
California
$172K +$170K +13,688 New
Commonwealth Equity Services
49
Commonwealth Equity Services
Massachusetts
$155K +$846 +68 +0.6%
Bank of New York Mellon
50
Bank of New York Mellon
New York
$153K – – –
1
2
3 4

VMO Hedge Fund Activity: Q3 2014 in Review

70 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Opportunity Trust (VMO) for Q3 2014, worth a combined $102M — up 1.7% from $99.8M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of VMO and 6 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 22 added.

The largest buyer was AllianceBernstein, adding an estimated $3.01M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $1.64M sold.

  • 70 institutional investors held Invesco Municipal Opportunity Trust (VMO) as of Q3 2014, down from 71 in Q2 2014.
  • Funds reported $102M of Invesco Municipal Opportunity Trust stock for Q3 2014, up 1.7% quarter-over-quarter.
  • 6 funds opened new Invesco Municipal Opportunity Trust positions in Q3 2014 and 7 closed out, a net change of -1 holder.
  • The largest Invesco Municipal Opportunity Trust buyer in Q3 2014 was AllianceBernstein, an estimated $3.01M added.
  • The largest Invesco Municipal Opportunity Trust seller in Q3 2014 was Mariner Investment Group, an estimated $1.64M sold.

Based on aggregated 13F filings for Q3 2014.