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Invesco Municipal Opportunity Trust
VMO

76 hedge funds and large institutions have $117M invested in Invesco Municipal Opportunity Trust in 2014 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 21 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 5

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

15% more capital invested

Capital invested by funds: $102M → $117M (+$15.7M)

11% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 19

9% more funds holding

Funds holding: 70 → 76 (+6)

1.3% more ownership

Funds ownership: 11.94% → 13.24% (+1.3%)

Holders
76
Holders Change
+6
Holders Change %
+8.57%
% of All Funds
2.03%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
12
Increased
21
Reduced
19
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$1.15M
2
SIA
Sit Investment Associates
Minnesota
+$1.08M
3
AAM
Advisors Asset Management
Colorado
+$1.04M
4
Wells Fargo
Wells Fargo
California
+$964K
5
JWA
JFS Wealth Advisors
Pennsylvania
+$757K

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$832K
2
CA
Cornerstone Advisors
North Carolina
-$541K
3
DA
Doliver Advisors
Texas
-$365K
4
WAM
Wolverine Asset Management
Illinois
-$326K
5
LPL Financial
LPL Financial
California
-$290K
Name Holding Trade Value Shares
Change 		Change in
Stake
N
26
Nuveen
North Carolina
$622K – – –
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$581K +$92.7K +7,313 +19%
FFSOTS
28
Fiduciary Financial Services of The Southwest
Texas
$517K -$15.4K -1,215 -3%
PAG
29
Private Advisor Group
New Jersey
$502K -$3.28K -259 -0.7%
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$452K – – –
IH
31
IFC Holdings
Florida
$420K +$50.7K +4,000 +14%
ACI
32
AMP Capital Investors
Australia
$405K -$117K -9,200 -22%
RJFSA
33
Raymond James Financial Services Advisors
Florida
$397K +$11K +867 +3%
WFI
34
West Family Investments
California
$358K – – –
RJT
35
Raymond James Trust
Florida
$330K +$12.7K +1,000 +4%
LCM
36
Landscape Capital Management
New Jersey
$330K +$41.3K +3,254 +15%
PIA
37
Peachtree Investment Advisors
Georgia
$322K – – –
TCM
38
Tradewinds Capital Management
Washington
$270K – – –
HighTower Advisors
39
HighTower Advisors
Illinois
$253K -$292 -23 -0.1%
MIG
40
Mariner Investment Group
New York
$243K +$240K +18,904 New
ICAS
41
Investors Capital Advisory Services
Massachusetts
$239K +$101 +8 +0%
EFS
42
Essex Financial Services
Connecticut
$238K +$33.4K +2,636 +17%
Bank of Montreal
43
Bank of Montreal
Ontario, Canada
$230K – – –
PA
44
Planning Alternatives
Michigan
$219K – – –
PRCM
45
Pine River Capital Management
Minnesota
$197K +$195K +15,363 New
HCM
46
Hollencrest Capital Management
California
$194K – – –
FAAS
47
First Allied Advisory Services
California
$188K +$12.9K +1,020 +7%
LSA
48
Liberty Street Advisors
New York
$185K +$182K +14,352 New
OC
49
Oppenheimer & Co
New York
$185K +$182K +14,352 New
HK
50
Horizon Kinetics
New York
$174K -$216K -17,007 -56%
1
2
3 4

VMO Hedge Fund Activity: Q4 2014 in Review

76 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Opportunity Trust (VMO) for Q4 2014, worth a combined $117M — up 15% from $102M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new VMO positions and 5 closed out — a net gain of 7 holders — while 21 added to existing stakes and 19 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $1.15M. The largest seller was Cohen & Steers, cutting an estimated $832K.

  • 76 institutional investors held Invesco Municipal Opportunity Trust (VMO) as of Q4 2014, up from 70 in Q3 2014.
  • Funds reported $117M of Invesco Municipal Opportunity Trust stock for Q4 2014, up 15% quarter-over-quarter.
  • 12 funds opened new Invesco Municipal Opportunity Trust positions in Q4 2014 and 5 closed out, a net change of +7 holders.
  • The largest Invesco Municipal Opportunity Trust buyer in Q4 2014 was Karpus Investment Management, an estimated $1.15M added.
  • The largest Invesco Municipal Opportunity Trust seller in Q4 2014 was Cohen & Steers, an estimated $832K sold.

Based on aggregated 13F filings for Q4 2014.