Invesco Municipal Opportunity Trust
VMO
70 hedge funds and large institutions have $107M invested in Invesco Municipal Opportunity Trust in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 13 reducing their positions, and 10 closing their positions.
77% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 13
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.41% less ownership
Funds ownership: 13.24% → 11.83% (-1.4%)
8% less funds holding
Funds holding: 76 → 70 (-6)
9% less capital invested
Capital invested by funds: $117M → $107M (-$10.3M)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.29M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.01M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$989K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$813K |
| 5 |
JWA
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
+$809K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$11.1M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.64M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.95M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.86M |
| 5 |
TCM
TAM Capital Management
Stamford,
Connecticut
|
-$1.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
HighTower Advisors
Chicago,
Illinois
| – | -$253K | -19,697 | Closed |
|
|
MIG
77
Mariner Investment Group
Harrison,
New York
| – | -$243K | -18,904 | Closed |
|
|
PRCM
78
Pine River Capital Management
Minnetonka,
Minnesota
| – | -$197K | -15,363 | Closed |
|
|
HK
79
Horizon Kinetics
New York
| – | -$174K | -13,563 | Closed |
|
|
NPC
80
National Planning Corporation
El Segundo,
California
| – | -$92.9K | -7,105 | Closed |
|
VMO Hedge Fund Activity: Q1 2015 in Review
70 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Opportunity Trust (VMO) for Q1 2015, worth a combined $107M — down 8.8% from $117M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of VMO and 5 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 23 added.
The largest buyer was Karpus Investment Management, adding an estimated $2.29M. The largest seller was AllianceBernstein, exiting entirely with an estimated $11.1M sold.
- 70 institutional investors held Invesco Municipal Opportunity Trust (VMO) as of Q1 2015, down from 76 in Q4 2014.
- Funds reported $107M of Invesco Municipal Opportunity Trust stock for Q1 2015, down 8.8% quarter-over-quarter.
- 5 funds opened new Invesco Municipal Opportunity Trust positions in Q1 2015 and 10 closed out, a net change of -5 holders.
- The largest Invesco Municipal Opportunity Trust buyer in Q1 2015 was Karpus Investment Management, an estimated $2.29M added.
- The largest Invesco Municipal Opportunity Trust seller in Q1 2015 was AllianceBernstein, an estimated $11.1M sold.
Based on aggregated 13F filings for Q1 2015.