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Invesco Trust Investment Grade Municipals
VGM

77 hedge funds and large institutions have $66M invested in Invesco Trust Investment Grade Municipals in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 26 increasing their positions, 12 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 12

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

8% more funds holding

Funds holding: 71 → 77 (+6)

6% more capital invested

Capital invested by funds: $62.3M → $66M (+$3.68M)

0.43% more ownership

Funds ownership: 9.35% → 9.78% (+0.43%)

Holders
77
Holders Change
+6
Holders Change %
+8.45%
% of All Funds
1.76%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
26
Reduced
12
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$1.91M
2
UBS Group
UBS Group
Switzerland
+$1.25M
3
GC
Guggenheim Capital
Illinois
+$857K
4
Baird Financial Group
Baird Financial Group
Wisconsin
+$647K
5
Bank of America
Bank of America
North Carolina
+$409K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.91M
2
Wells Fargo
Wells Fargo
California
-$602K
3
LCM
Landscape Capital Management
New Jersey
-$563K
4
Millennium Management
Millennium Management
New York
-$549K
5
SG Americas Securities
SG Americas Securities
New York
-$453K
Name Holding Trade Value Shares
Change 		Change in
Stake
Baird Financial Group
26
Baird Financial Group
Wisconsin
$650K +$647K +52,514 New
SFWA
27
Summit Financial Wealth Advisors
Louisiana
$615K – – –
BTS
28
BB&T Securities
Virginia
$547K -$9.86K -800 -2%
BF
29
BOK Financial
Oklahoma
$476K – – –
EA
30
Edge Advisors
Georgia
$432K – – –
ASN
31
Advisory Services Network
Georgia
$399K – – –
PNC Financial Services Group
32
PNC Financial Services Group
Pennsylvania
$370K +$71.3K +5,781 +24%
LPL Financial
33
LPL Financial
California
$368K +$19.5K +1,579 +6%
SRC
34
Shufro Rose & Co
New York
$350K – – –
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$329K +$12.4K +1,004 +4%
IA
36
IFP Advisors
Florida
$298K +$27K +2,194 +10%
OC
37
Oppenheimer & Co
New York
$297K +$55.5K +4,500 +23%
LCM
38
Landscape Capital Management
New Jersey
$283K -$563K -45,673 -67%
CIA
39
Capital Investment Advisors
Georgia
$273K -$51.2K -4,150 -16%
Commonwealth Equity Services
40
Commonwealth Equity Services
Massachusetts
$243K +$10.3K +835 +4%
OFW
41
Omnia Family Wealth
Florida
$233K – – –
HCM
42
Hollencrest Capital Management
California
$227K – – –
BBA
43
BLB&B Advisors
Pennsylvania
$225K -$1.21K -98 -0.5%
PFS
44
Prospera Financial Services
Texas
$208K – – –
AA
45
AQR Arbitrage
Connecticut
$185K +$4.42K +359 +2%
BB
46
Busey Bank
Illinois
$184K +$183K +14,879 New
SIM
47
Sonora Investment Management
Arizona
$183K – – –
NL
48
NWAM LLC
Washington
$174K – – –
Citigroup
49
Citigroup
New York
$155K -$86.3K -7,000 -36%
M&T Bank
50
M&T Bank
New York
$151K +$151K +12,275 New
1
2
3 4

VGM Hedge Fund Activity: Q2 2018 in Review

77 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q2 2018, worth a combined $66M — up 5.9% from $62.3M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new VGM positions and 8 closed out — a net gain of 6 holders — while 26 added to existing stakes and 12 trimmed.

The largest buyer was Laurion Capital Management, adding an estimated $1.91M. The largest seller was Advisors Asset Management, cutting an estimated $1.91M.

  • 77 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q2 2018, up from 71 in Q1 2018.
  • Funds reported $66M of Invesco Trust Investment Grade Municipals stock for Q2 2018, up 5.9% quarter-over-quarter.
  • 14 funds opened new Invesco Trust Investment Grade Municipals positions in Q2 2018 and 8 closed out, a net change of +6 holders.
  • The largest Invesco Trust Investment Grade Municipals buyer in Q2 2018 was Laurion Capital Management, an estimated $1.91M added.
  • The largest Invesco Trust Investment Grade Municipals seller in Q2 2018 was Advisors Asset Management, an estimated $1.91M sold.

Based on aggregated 13F filings for Q2 2018.