Invesco Municipal Opportunity Trust
VMO
70 hedge funds and large institutions have $102M invested in Invesco Municipal Opportunity Trust in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 16 reducing their positions, and 7 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 16
2% more capital invested
Capital invested by funds: $99.8M → $102M (+$1.7M)
0.1% more ownership
Funds ownership: 11.84% → 11.94% (+0.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less funds holding
Funds holding: 71 → 70 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$3.01M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.78M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.07M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$961K |
| 5 |
Cohen & Steers
New York
|
+$538K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.64M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.6M |
| 3 |
Morgan Stanley
New York
|
-$1.3M |
| 4 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$892K |
| 5 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$771K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
M&T Bank
Buffalo,
New York
| – | -$93K | -7,385 | Closed |
|
|
PMFA
77
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$8K | -625 | Closed |
|
|
PAS
78
Partnervest Advisory Services
Santa Barbara,
California
| – | -$4K | -313 | Closed |
|
VMO Hedge Fund Activity: Q3 2014 in Review
70 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Opportunity Trust (VMO) for Q3 2014, worth a combined $102M — up 1.7% from $99.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of VMO and 6 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 22 added.
The largest buyer was AllianceBernstein, adding an estimated $3.01M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $1.64M sold.
- 70 institutional investors held Invesco Municipal Opportunity Trust (VMO) as of Q3 2014, down from 71 in Q2 2014.
- Funds reported $102M of Invesco Municipal Opportunity Trust stock for Q3 2014, up 1.7% quarter-over-quarter.
- 6 funds opened new Invesco Municipal Opportunity Trust positions in Q3 2014 and 7 closed out, a net change of -1 holder.
- The largest Invesco Municipal Opportunity Trust buyer in Q3 2014 was AllianceBernstein, an estimated $3.01M added.
- The largest Invesco Municipal Opportunity Trust seller in Q3 2014 was Mariner Investment Group, an estimated $1.64M sold.
Based on aggregated 13F filings for Q3 2014.