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Invesco Municipal Opportunity Trust
VMO

70 hedge funds and large institutions have $107M invested in Invesco Municipal Opportunity Trust in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 13 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

77% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 13

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1.41% less ownership

Funds ownership: 13.24% → 11.83% (-1.4%)

8% less funds holding

Funds holding: 76 → 70 (-6)

9% less capital invested

Capital invested by funds: $117M → $107M (-$10.3M)

50% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 10

Holders
70
Holders Change
-6
Holders Change %
-7.89%
% of All Funds
1.87%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
5
Increased
23
Reduced
13
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$2.29M
2
AAM
Advisors Asset Management
Colorado
+$1.01M
3
SIA
Sit Investment Associates
Minnesota
+$989K
4
Wells Fargo
Wells Fargo
California
+$813K
5
JWA
JFS Wealth Advisors
Pennsylvania
+$809K

Top Sellers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
-$11.1M
2
RCM
Rivernorth Capital Management
Florida
-$3.64M
3
CA
Cornerstone Advisors
North Carolina
-$1.95M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$1.86M
5
TCM
TAM Capital Management
Connecticut
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$551K -$313K -24,129 -36%
FFSOTS
27
Fiduciary Financial Services of The Southwest
Texas
$521K – – –
PNC Financial Services Group
28
PNC Financial Services Group
Pennsylvania
$477K +$22.1K +1,700 +5%
DA
29
Doliver Advisors
Texas
$474K +$475K +36,545 New
IH
30
IFC Holdings
Florida
$439K +$13K +1,000 +3%
WFI
31
West Family Investments
California
$360K – – –
RJFSA
32
Raymond James Financial Services Advisors
Florida
$351K -$49.5K -3,816 -12%
RJT
33
Raymond James Trust
Florida
$333K – – –
PIA
34
Peachtree Investment Advisors
Georgia
$324K – – –
TCM
35
Tradewinds Capital Management
Washington
$293K +$20.8K +1,600 +8%
CNB
36
City National Bank
California
$266K +$266K +20,500 New
LCM
37
Landscape Capital Management
New Jersey
$261K -$72K -5,549 -22%
OC
38
Oppenheimer & Co
New York
$254K +$68.2K +5,250 +37%
ICAS
39
Investors Capital Advisory Services
Massachusetts
$241K +$78 +6 +0%
EFS
40
Essex Financial Services
Connecticut
$240K – – –
DS
41
DRW Securities
Illinois
$237K +$68.8K +5,300 +41%
Bank of Montreal
42
Bank of Montreal
Ontario, Canada
$232K – – –
CIA
43
Capital Investment Advisors
Georgia
$228K +$228K +17,569 New
PA
44
Planning Alternatives
Michigan
$221K – – –
HCM
45
Hollencrest Capital Management
California
$195K – – –
Citigroup
46
Citigroup
New York
$175K – – –
Cambridge Investment Research Advisors
47
Cambridge Investment Research Advisors
Iowa
$173K +$649 +50 +0.4%
Comerica Bank
48
Comerica Bank
Texas
$170K +$170K +13,100 New
Commonwealth Equity Services
49
Commonwealth Equity Services
Massachusetts
$162K +$870 +67 +0.5%
UR
50
USCA RIA
Texas
$152K – – –
1
2
3 4

VMO Hedge Fund Activity: Q1 2015 in Review

70 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Opportunity Trust (VMO) for Q1 2015, worth a combined $107M — down 8.8% from $117M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of VMO and 5 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 23 added.

The largest buyer was Karpus Investment Management, adding an estimated $2.29M. The largest seller was AllianceBernstein, exiting entirely with an estimated $11.1M sold.

  • 70 institutional investors held Invesco Municipal Opportunity Trust (VMO) as of Q1 2015, down from 76 in Q4 2014.
  • Funds reported $107M of Invesco Municipal Opportunity Trust stock for Q1 2015, down 8.8% quarter-over-quarter.
  • 5 funds opened new Invesco Municipal Opportunity Trust positions in Q1 2015 and 10 closed out, a net change of -5 holders.
  • The largest Invesco Municipal Opportunity Trust buyer in Q1 2015 was Karpus Investment Management, an estimated $2.29M added.
  • The largest Invesco Municipal Opportunity Trust seller in Q1 2015 was AllianceBernstein, an estimated $11.1M sold.

Based on aggregated 13F filings for Q1 2015.