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Invesco Municipal Opportunity Trust
VMO

82 hedge funds and large institutions have $118M invested in Invesco Municipal Opportunity Trust in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 24

2% more capital invested

Capital invested by funds: $116M → $118M (+$2.37M)

0.69% less ownership

Funds ownership: 15.4% → 14.71% (-0.69%)

15% less funds holding

Funds holding: 96 → 82 (-14)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

70% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 20

Holders
82
Holders Change
-14
Holders Change %
-14.58%
% of All Funds
1.77%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
6
Increased
27
Reduced
24
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BI
Bramshill Investments
Florida
+$11.7M
2
PPA
Parametric Portfolio Associates
Washington
+$5.04M
3
COLIM
City of London Investment Management
United Kingdom
+$735K
4
TA
TCG Advisors
Texas
+$543K
5
RJA
Raymond James & Associates
Florida
+$471K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$8.74M
2
KIM
Karpus Investment Management
New York
-$2.31M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$2.23M
4
Wells Fargo
Wells Fargo
California
-$1.33M
5
MIG
Mariner Investment Group
New York
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$834K -$34K -2,885 -4%
PNC Financial Services Group
27
PNC Financial Services Group
Pennsylvania
$756K – – –
LPL Financial
28
LPL Financial
California
$673K +$17K +1,444 +3%
FCA
29
FinTrust Capital Advisors
South Carolina
$656K – – –
Cohen & Steers
30
Cohen & Steers
New York
$552K – – –
FFSOTS
31
Fiduciary Financial Services of The Southwest
Texas
$528K -$7.65K -650 -1%
QCIG
32
Quad-Cities Investment Group
Iowa
$518K +$36.6K +3,109 +8%
LCM
33
Landscape Capital Management
New Jersey
$496K -$1.18M -100,010 -71%
FAIM
34
Financial Advocates Investment Management
Washington
$456K – – –
Ameriprise
35
Ameriprise
Minnesota
$442K +$4.43K +376 +1%
RJT
36
Raymond James Trust
Florida
$389K +$248K +21,045 +183%
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$365K +$11.3K +959 +3%
WAM
38
Weiss Asset Management
Massachusetts
$339K -$946K -80,356 -74%
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$339K +$19.2K +1,633 +6%
MAFM
40
Mid Atlantic Financial Management
Pennsylvania
$305K -$89.5K -7,600 -23%
TJHA
41
Thomas J. Herzfeld Advisors
Florida
$276K – – –
Northwestern Mutual Wealth Management
42
Northwestern Mutual Wealth Management
Wisconsin
$270K -$59.6K -5,061 -18%
Bank of New York Mellon
43
Bank of New York Mellon
New York
$266K -$18.8K -1,600 -7%
MWM
44
Merriman Wealth Management
Washington
$262K -$70.6K -6,000 -21%
OC
45
Oppenheimer & Co
New York
$251K +$53K +4,500 +27%
BHWM
46
Bar Harbor Wealth Management
New Hampshire
$220K – – –
CIA
47
Capital Investment Advisors
Georgia
$212K – – –
WS
48
Wedbush Securities
California
$198K +$918 +78 +0.5%
FAAS
49
First Allied Advisory Services
California
$197K -$17.7K -1,500 -8%
BF
50
BOK Financial
Oklahoma
$188K -$56.6K -4,810 -23%
1
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3 4 5

VMO Hedge Fund Activity: Q1 2019 in Review

82 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Opportunity Trust (VMO) for Q1 2019, worth a combined $118M — up 2.1% from $116M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of VMO and 6 opened new positions — a net loss of 14 holders — while 24 trimmed existing stakes and 27 added.

The largest buyer was Bramshill Investments, adding an estimated $11.7M. The largest seller was Rivernorth Capital Management, cutting an estimated $8.74M.

  • 82 institutional investors held Invesco Municipal Opportunity Trust (VMO) as of Q1 2019, down from 96 in Q4 2018.
  • Funds reported $118M of Invesco Municipal Opportunity Trust stock for Q1 2019, up 2.1% quarter-over-quarter.
  • 6 funds opened new Invesco Municipal Opportunity Trust positions in Q1 2019 and 20 closed out, a net change of -14 holders.
  • The largest Invesco Municipal Opportunity Trust buyer in Q1 2019 was Bramshill Investments, an estimated $11.7M added.
  • The largest Invesco Municipal Opportunity Trust seller in Q1 2019 was Rivernorth Capital Management, an estimated $8.74M sold.

Based on aggregated 13F filings for Q1 2019.