Invesco Municipal Opportunity Trust
VMO
69 hedge funds and large institutions have $92.2M invested in Invesco Municipal Opportunity Trust in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 22 reducing their positions, and 12 closing their positions.
9% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 22
1.18% less ownership
Funds ownership: 12.47% → 11.29% (-1.2%)
5% less capital invested
Capital invested by funds: $97.4M → $92.2M (-$5.24M)
9% less funds holding
Funds holding: 76 → 69 (-7)
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NVIM
New Vernon Investment Management
Highland Park,
Illinois
|
+$5.48M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.4M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$1.01M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1M |
| 5 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$410K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$13.7M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.2M |
| 3 |
SCM
Summit Capital Management
Seattle,
Washington
|
-$990K |
| 4 |
SG Americas Securities
New York
|
-$692K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$590K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$117K | -10,008 | Closed |
|
|
TRCT
77
Tower Research Capital (TRC)
New York
| – | -$16K | -1,400 | Closed |
|
|
WA
78
WFG Advisors
Dallas,
Texas
| – | -$12K | -1,004 | Closed |
|
|
CWM
79
Cranbrook Wealth Management
Bloomfield Hills,
Michigan
| – | -$3K | -289 | Closed |
|
80
Envestnet Asset Management
Chicago,
Illinois
| – | -$3K | -263 | Closed |
|
|
WEC
81
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$2K | -200 | Closed |
|
VMO Hedge Fund Activity: Q1 2014 in Review
69 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Opportunity Trust (VMO) for Q1 2014, worth a combined $92.2M — down 5.4% from $97.4M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of VMO and 5 opened new positions — a net loss of 7 holders — while 22 trimmed existing stakes and 20 added.
The largest buyer was New Vernon Investment Management, adding an estimated $5.48M. The largest seller was AllianceBernstein, cutting an estimated $13.7M.
- 69 institutional investors held Invesco Municipal Opportunity Trust (VMO) as of Q1 2014, down from 76 in Q4 2013.
- Funds reported $92.2M of Invesco Municipal Opportunity Trust stock for Q1 2014, down 5.4% quarter-over-quarter.
- 5 funds opened new Invesco Municipal Opportunity Trust positions in Q1 2014 and 12 closed out, a net change of -7 holders.
- The largest Invesco Municipal Opportunity Trust buyer in Q1 2014 was New Vernon Investment Management, an estimated $5.48M added.
- The largest Invesco Municipal Opportunity Trust seller in Q1 2014 was AllianceBernstein, an estimated $13.7M sold.
Based on aggregated 13F filings for Q1 2014.