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Invesco Trust Investment Grade Municipals

86 hedge funds and large institutions have $76.6M invested in Invesco Trust Investment Grade Municipals in 2018 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 21 increasing their positions, 28 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

143% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 7

16% more capital invested

Capital invested by funds: $66M → $76.6M (+$10.6M)

12% more funds holding

Funds holding: 7786 (+9)

2.1% more ownership

Funds ownership: 9.78%11.88% (+2.1%)

25% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 28

Holders
86
Holders Change
+9
Holders Change %
+11.69%
% of All Funds
1.97%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
17
Increased
21
Reduced
28
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CCM
26
Cutler Capital Management
Massachusetts
$817K +$11.1K +918 +1%
RJFSA
27
Raymond James Financial Services Advisors
Florida
$814K -$19.4K -1,597 -2%
N
28
Nuveen
North Carolina
$695K
Ameriprise
29
Ameriprise
Minnesota
$675K +$44.1K +3,635 +7%
WS
30
Wedbush Securities
California
$644K +$14K +1,154 +2%
SFWA
31
Summit Financial Wealth Advisors
Louisiana
$578K +$12.1K +1,000 +2%
Baird Financial Group
32
Baird Financial Group
Wisconsin
$546K -$78.4K -6,454 -12%
RJA
33
Raymond James & Associates
Florida
$515K -$242K -19,950 -32%
WAM
34
Wolverine Asset Management
Illinois
$459K +$470K +38,670 New
BTS
35
BB&T Securities
Virginia
$458K -$69.2K -5,700 -13%
LPL Financial
36
LPL Financial
California
$430K +$77.8K +6,403 +22%
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$365K +$49.7K +4,091 +15%
ASN
38
Advisory Services Network
Georgia
$348K -$38.1K -3,134 -10%
DDPIC
39
Deroy & Devereaux Private Investment Counsel
Michigan
$343K +$350K +28,835 New
Millennium Management
40
Millennium Management
New York
$337K +$344K +28,334 New
SRC
41
Shufro Rose & Co
New York
$336K +$344K +28,300 New
DA
42
Doliver Advisors
Texas
$292K +$299K +24,589 New
PNC Financial Services Group
43
PNC Financial Services Group
Pennsylvania
$287K -$70.6K -5,809 -19%
AA
44
AQR Arbitrage
Connecticut
$275K +$99.5K +8,194 +55%
SG Americas Securities
45
SG Americas Securities
New York
$261K +$267K +21,960 New
OC
46
Oppenheimer & Co
New York
$223K -$63.2K -5,200 -22%
OFW
47
Omnia Family Wealth
Florida
$223K
BBA
48
BLB&B Advisors
Pennsylvania
$214K -$2.42K -199 -1%
PFS
49
Prospera Financial Services
Texas
$208K
DWM
50
Dakota Wealth Management
Florida
$202K +$206K +17,000 New

VGM Hedge Fund Activity: Q3 2018 in Review

86 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q3 2018, worth a combined $76.6M — up 16% from $66M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new VGM positions and 7 closed out — a net gain of 10 holders — while 21 added to existing stakes and 28 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $4.49M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $2.65M sold.

  • 86 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q3 2018, up from 77 in Q2 2018.
  • Funds reported $76.6M of Invesco Trust Investment Grade Municipals stock for Q3 2018, up 16% quarter-over-quarter.
  • 17 funds opened new Invesco Trust Investment Grade Municipals positions in Q3 2018 and 7 closed out, a net change of +10 holders.
  • The largest Invesco Trust Investment Grade Municipals buyer in Q3 2018 was Karpus Investment Management, an estimated $4.49M added.
  • The largest Invesco Trust Investment Grade Municipals seller in Q3 2018 was Laurion Capital Management, an estimated $2.65M sold.

Based on aggregated 13F filings for Q3 2018.