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Invesco Municipal Opportunity Trust
VMO

71 hedge funds and large institutions have $84.1M invested in Invesco Municipal Opportunity Trust in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 25 increasing their positions, 17 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 17

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.79% less ownership

Funds ownership: 10.86% → 9.07% (-1.8%)

7% less funds holding

Funds holding: 76 → 71 (-5)

12% less capital invested

Capital invested by funds: $95.2M → $84.1M (-$11.1M)

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

Holders
71
Holders Change
-5
Holders Change %
-6.58%
% of All Funds
1.89%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
25
Reduced
17
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$1.49M
2
TC
Telemus Capital
Michigan
+$1.41M
3
Stifel Financial
Stifel Financial
Missouri
+$1.18M
4
Bank of America
Bank of America
North Carolina
+$735K
5
VanEck Associates
VanEck Associates
New York
+$464K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$11.3M
2
PPA
Parametric Portfolio Associates
Washington
-$2.66M
3
NVIM
New Vernon Investment Management
Illinois
-$2.03M
4
AAM
Advisors Asset Management
Colorado
-$1.69M
5
Cohen & Steers
Cohen & Steers
New York
-$1.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
GWM
26
Greenwich Wealth Management
Connecticut
$692K -$382K -28,153 -36%
FFSOTS
27
Fiduciary Financial Services of The Southwest
Texas
$682K +$110K +8,105 +20%
IH
28
IFC Holdings
Florida
$513K -$2.67K -197 -0.5%
TCM
29
Tradewinds Capital Management
Washington
$484K – – –
RJT
30
Raymond James Trust
Florida
$448K – – –
Citigroup
31
Citigroup
New York
$415K +$41.3K +3,049 +11%
WFI
32
West Family Investments
California
$388K – – –
CIA
33
Capital Investment Advisors
Georgia
$387K -$23K -1,698 -6%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$329K +$39.3K +2,902 +14%
VFS
35
VSR Financial Services
Kansas
$290K +$136K +10,000 +93%
Bank of Montreal
36
Bank of Montreal
Ontario, Canada
$278K – – –
HCM
37
Hollencrest Capital Management
California
$263K – – –
PA
38
Planning Alternatives
Michigan
$238K – – –
ICAS
39
Investors Capital Advisory Services
Massachusetts
$233K +$11.6K +856 +5%
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$219K +$1.18K +87 +0.6%
MFS
41
MSI Financial Services
Massachusetts
$209K +$48.2K +3,554 +31%
Creative Planning
42
Creative Planning
Kansas
$199K +$76.9K +5,669 +66%
AIM
43
Allen Investment Management
New York
$179K – – –
US Bancorp
44
US Bancorp
Minnesota
$153K +$75.4K +5,563 +104%
Fifth Third Bancorp
45
Fifth Third Bancorp
Ohio
$147K +$61.1K +4,509 +75%
KA
46
Kovack Advisors
Florida
$145K +$140K +10,356 New
CAN
47
Cetera Advisor Networks
California
$143K -$24.6K -1,814 -15%
EFS
48
Essex Financial Services
Connecticut
$140K -$35.7K -2,636 -21%
SG
49
Strid Group
Pennsylvania
$140K – – –
S
50
SignatureFD
Georgia
$114K – – –
1
2
3 4

VMO Hedge Fund Activity: Q1 2016 in Review

71 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Opportunity Trust (VMO) for Q1 2016, worth a combined $84.1M — down 12% from $95.2M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of VMO and 6 opened new positions — a net loss of 5 holders — while 17 trimmed existing stakes and 25 added.

The largest buyer was LPL Financial, adding an estimated $1.49M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $11.3M sold.

  • 71 institutional investors held Invesco Municipal Opportunity Trust (VMO) as of Q1 2016, down from 76 in Q4 2015.
  • Funds reported $84.1M of Invesco Municipal Opportunity Trust stock for Q1 2016, down 12% quarter-over-quarter.
  • 6 funds opened new Invesco Municipal Opportunity Trust positions in Q1 2016 and 11 closed out, a net change of -5 holders.
  • The largest Invesco Municipal Opportunity Trust buyer in Q1 2016 was LPL Financial, an estimated $1.49M added.
  • The largest Invesco Municipal Opportunity Trust seller in Q1 2016 was Karpus Investment Management, an estimated $11.3M sold.

Based on aggregated 13F filings for Q1 2016.