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Invesco Municipal Opportunity Trust
VMO

76 hedge funds and large institutions have $97.4M invested in Invesco Municipal Opportunity Trust in 2013 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 12

57% more capital invested

Capital invested by funds: $62.1M → $97.4M (+$35.3M)

15% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 20

12% more funds holding

Funds holding: 68 → 76 (+8)

4.5% more ownership

Funds ownership: 7.97% → 12.47% (+4.5%)

Holders
76
Holders Change
+8
Holders Change %
+11.76%
% of All Funds
2.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
21
Increased
23
Reduced
20
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$19.4M
2
KIM
Karpus Investment Management
New York
+$13.7M
3
AllianceBernstein
AllianceBernstein
Tennessee
+$8.59M
4
CA
Cornerstone Advisors
North Carolina
+$2.19M
5
GEM
Global Endowment Management
North Carolina
+$1.89M

Top Sellers

Rank Fund Capital Flow
1
FTCM
Fir Tree Capital Management
New York
-$14.4M
2
Morgan Stanley
Morgan Stanley
New York
-$2.47M
3
TC
TFS Capital
Pennsylvania
-$467K
4
SIA
Sit Investment Associates
Minnesota
-$431K
5
LPL Financial
LPL Financial
California
-$399K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
51
Bank of New York Mellon
New York
$143K -$55.8K -4,857 -28%
ICAS
52
Investors Capital Advisory Services
Massachusetts
$126K -$45.2K -3,934 -27%
Commonwealth Equity Services
53
Commonwealth Equity Services
Massachusetts
$117K -$228K -19,840 -66%
US Bancorp
54
US Bancorp
Minnesota
$112K +$30.1K +2,617 +37%
M&T Bank
55
M&T Bank
New York
$86K – – –
LTFS
56
Ladenburg Thalmann Financial Services
Florida
$77K -$41.4K -3,600 -35%
Fifth Third Bancorp
57
Fifth Third Bancorp
Ohio
$77K – – –
TJHA
58
Thomas J. Herzfeld Advisors
Florida
$70K +$69K +6,000 New
Creative Planning
59
Creative Planning
Kansas
$43K -$37.2K -3,239 -47%
FMII
60
Farmers & Merchants Investments Inc
Nebraska
$41K – – –
MFS
61
MSI Financial Services
Massachusetts
$29K – – –
SSB
62
Sandy Spring Bank
Maryland
$28K – – –
First Manhattan
63
First Manhattan
New York
$22K +$11.9K +1,032 +112%
CFA
64
Carroll Financial Associates
North Carolina
$21K – – –
TRCT
65
Tower Research Capital (TRC)
New York
$16K +$8.48K +738 +111%
AIG
66
American International Group
New York
$14.6K – – –
EFSCE
67
Enterprise Financial Services Corp (EFSC)
Missouri
$13K – – –
WA
68
WFG Advisors
Texas
$12K – – –
Northern Trust
69
Northern Trust
Illinois
$9K -$201K -17,476 -18%
FAM
70
Formidable Asset Management
Ohio
$4K – – –
PAS
71
Partnervest Advisory Services
California
$4K +$3.6K +313 New
DOA
72
D'Orazio & Associates
Virginia
$4K +$4.14K +360 New
Envestnet Asset Management
73
Envestnet Asset Management
Illinois
$3K +$3.02K +263 New
CWM
74
Cranbrook Wealth Management
Michigan
$3K +$3.32K +289 New
WEC
75
Winslow Evans & Crocker
Massachusetts
$2K +$2.3K +200 New
1 2
3
4

VMO Hedge Fund Activity: Q4 2013 in Review

76 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Opportunity Trust (VMO) for Q4 2013, worth a combined $97.4M — up 57% from $62.1M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new VMO positions and 12 closed out — a net gain of 9 holders — while 23 added to existing stakes and 20 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $19.4M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $14.4M sold.

  • 76 institutional investors held Invesco Municipal Opportunity Trust (VMO) as of Q4 2013, up from 68 in Q3 2013.
  • Funds reported $97.4M of Invesco Municipal Opportunity Trust stock for Q4 2013, up 57% quarter-over-quarter.
  • 21 funds opened new Invesco Municipal Opportunity Trust positions in Q4 2013 and 12 closed out, a net change of +9 holders.
  • The largest Invesco Municipal Opportunity Trust buyer in Q4 2013 was Rivernorth Capital Management, an estimated $19.4M added.
  • The largest Invesco Municipal Opportunity Trust seller in Q4 2013 was Fir Tree Capital Management, an estimated $14.4M sold.

Based on aggregated 13F filings for Q4 2013.