Invesco Municipal Opportunity Trust
VMO
71 hedge funds and large institutions have $84.1M invested in Invesco Municipal Opportunity Trust in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 25 increasing their positions, 17 reducing their positions, and 11 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 17
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.79% less ownership
Funds ownership: 10.86% → 9.07% (-1.8%)
7% less funds holding
Funds holding: 76 → 71 (-5)
12% less capital invested
Capital invested by funds: $95.2M → $84.1M (-$11.1M)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.49M |
| 2 |
TC
Telemus Capital
Southfield,
Michigan
|
+$1.41M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$1.18M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$735K |
| 5 |
VanEck Associates
New York
|
+$464K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$11.3M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.66M |
| 3 |
NVIM
New Vernon Investment Management
Highland Park,
Illinois
|
-$2.03M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.69M |
| 5 |
Cohen & Steers
New York
|
-$1.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Comerica Bank
Dallas,
Texas
| – | -$176K | -13,100 | Closed |
|
|
IA
77
IFP Advisors
Tampa,
Florida
| – | -$152K | -11,551 | Closed |
|
|
LCM
78
Landscape Capital Management
Englewood,
New Jersey
| – | -$146K | -11,074 | Closed |
|
|
AFP
79
Ausdal Financial Partners
Davenport,
Iowa
| – | -$27K | -2,068 | Closed |
|
|
SSB
80
Sandy Spring Bank
Olney,
Maryland
| – | -$26K | -2,000 | Closed |
|
|
HCM
81
Horrell Capital Management
Little Rock,
Arkansas
| – | -$4K | -300 | Closed |
|
|
TRCT
82
Tower Research Capital (TRC)
New York
| – | -$3K | -263 | Closed |
|
VMO Hedge Fund Activity: Q1 2016 in Review
71 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Opportunity Trust (VMO) for Q1 2016, worth a combined $84.1M — down 12% from $95.2M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of VMO and 6 opened new positions — a net loss of 5 holders — while 17 trimmed existing stakes and 25 added.
The largest buyer was LPL Financial, adding an estimated $1.49M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $11.3M sold.
- 71 institutional investors held Invesco Municipal Opportunity Trust (VMO) as of Q1 2016, down from 76 in Q4 2015.
- Funds reported $84.1M of Invesco Municipal Opportunity Trust stock for Q1 2016, down 12% quarter-over-quarter.
- 6 funds opened new Invesco Municipal Opportunity Trust positions in Q1 2016 and 11 closed out, a net change of -5 holders.
- The largest Invesco Municipal Opportunity Trust buyer in Q1 2016 was LPL Financial, an estimated $1.49M added.
- The largest Invesco Municipal Opportunity Trust seller in Q1 2016 was Karpus Investment Management, an estimated $11.3M sold.
Based on aggregated 13F filings for Q1 2016.