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Invesco Trust Investment Grade Municipals

88 hedge funds and large institutions have $108M invested in Invesco Trust Investment Grade Municipals in 2018 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 25 increasing their positions, 27 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more capital invested

Capital invested by funds: $76.6M → $108M (+$31.9M)

15% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 13

5.52% more ownership

Funds ownership: 11.88%17.4% (+5.5%)

2% more funds holding

Funds holding: 8688 (+2)

7% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 27

Holders
88
Holders Change
+2
Holders Change %
+2.33%
% of All Funds
1.96%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
15
Increased
25
Reduced
27
Closed
13
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
26
Invesco
Georgia
$867K -$904K -79,093 -51%
G
27
GenTrust
Florida
$854K +$850K +74,412 New
AG
28
Advisor Group
Arizona
$834K
CCM
29
Cutler Capital Management
Massachusetts
$818K +$27.8K +2,437 +4%
WAM
30
Weiss Asset Management
Massachusetts
$793K +$789K +69,097 New
RJFSA
31
Raymond James Financial Services Advisors
Florida
$775K -$11.7K -1,021 -1%
N
32
Nuveen
North Carolina
$774K
NCMW
33
Northern Capital Management (Wisconsin)
Wisconsin
$654K -$2.04M -178,865 -76%
Ameriprise
34
Ameriprise
Minnesota
$654K +$1.97K +172 +0.3%
First Trust Advisors
35
First Trust Advisors
Illinois
$634K -$243K -21,310 -28%
Baird Financial Group
36
Baird Financial Group
Wisconsin
$601K +$71.7K +6,279 +14%
6M
37
6 Meridian
Kansas
$548K -$321K -28,063 -37%
SFWA
38
Summit Financial Wealth Advisors
Louisiana
$544K -$45.7K -4,000 -8%
BTS
39
BB&T Securities
Virginia
$517K +$74.3K +6,500 +17%
Cohen & Steers
40
Cohen & Steers
New York
$511K +$509K +44,547 New
DWM
41
Dakota Wealth Management
Florida
$497K +$291K +25,475 +150%
MWM
42
Merriman Wealth Management
Washington
$485K +$473K +41,431 New
CRC
43
Curi RMB Capital
Illinois
$480K -$823K -72,000 -63%
MAFM
44
Mid Atlantic Financial Management
Pennsylvania
$449K +$446K +39,076 New
RJA
45
Raymond James & Associates
Florida
$421K -$76.3K -6,679 -15%
ECG
46
Edge Capital Group
Georgia
$401K +$399K +34,950 New
LPL Financial
47
LPL Financial
California
$392K -$23.4K -2,052 -6%
Cambridge Investment Research Advisors
48
Cambridge Investment Research Advisors
Iowa
$352K -$503 -44 -0.1%
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$293K +$265K +23,208 +1,009%
OC
50
Oppenheimer & Co
New York
$286K +$70.3K +6,150 +33%

VGM Hedge Fund Activity: Q4 2018 in Review

88 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q4 2018, worth a combined $108M — up 42% from $76.6M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new VGM positions and 13 closed out — a net gain of 2 holders — while 25 added to existing stakes and 27 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $17M. The largest seller was Northern Capital Management (Wisconsin), cutting an estimated $2.04M.

  • 88 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q4 2018, up from 86 in Q3 2018.
  • Funds reported $108M of Invesco Trust Investment Grade Municipals stock for Q4 2018, up 42% quarter-over-quarter.
  • 15 funds opened new Invesco Trust Investment Grade Municipals positions in Q4 2018 and 13 closed out, a net change of +2 holders.
  • The largest Invesco Trust Investment Grade Municipals buyer in Q4 2018 was Karpus Investment Management, an estimated $17M added.
  • The largest Invesco Trust Investment Grade Municipals seller in Q4 2018 was Northern Capital Management (Wisconsin), an estimated $2.04M sold.

Based on aggregated 13F filings for Q4 2018.