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Invesco Trust Investment Grade Municipals
VGM

94 hedge funds and large institutions have $124M invested in Invesco Trust Investment Grade Municipals in 2022 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 33 increasing their positions, 17 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 17

50% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 12

4% more funds holding

Funds holding: 90 → 94 (+4)

0.94% more ownership

Funds ownership: 18.74% → 19.68% (+0.94%)

13% less capital invested

Capital invested by funds: $142M → $124M (-$17.9M)

Holders
94
Holders Change
+4
Holders Change %
+4.44%
% of All Funds
1.48%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
33
Reduced
17
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$3.05M
2
Cerity Partners
Cerity Partners
New York
+$2.78M
3
KIM
Karpus Investment Management
New York
+$2.45M
4
GC
Guggenheim Capital
Illinois
+$1.39M
5
PPA
Parametric Portfolio Associates
Washington
+$1.16M

Top Sellers

1
BI
Bramshill Investments
Florida
-$5.47M
2
UBS Group
UBS Group
Switzerland
-$1.99M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$449K
4
Wells Fargo
Wells Fargo
California
-$413K
5
Bank of America
Bank of America
North Carolina
-$387K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$807K +$23.8K +1,938 +3%
CA
27
Claro Advisors
Massachusetts
$679K – – –
ASN
28
Advisory Services Network
Georgia
$592K +$45K +3,663 +8%
HNW
29
High Note Wealth
Minnesota
$566K +$600K +48,778 New
DWM
30
Doyle Wealth Management
Florida
$562K +$594K +48,344 New
Ameriprise
31
Ameriprise
Minnesota
$540K +$167K +13,621 +42%
SFWA
32
Summit Financial Wealth Advisors
Louisiana
$492K – – –
Janney Montgomery Scott
33
Janney Montgomery Scott
Pennsylvania
$483K -$65.6K -5,337 -11%
LCM
34
Landscape Capital Management
New Jersey
$434K +$460K +37,392 New
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$420K -$449K -36,531 -50%
Truist Financial
36
Truist Financial
North Carolina
$408K +$28.5K +2,316 +7%
SRC
37
Shufro Rose & Co
New York
$407K +$221K +18,000 +106%
MC
38
Moors & Cabot
Massachusetts
$383K +$406K +33,000 New
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$346K – – –
ECG
40
Edge Capital Group
Georgia
$336K – – –
PAG
41
Private Advisor Group
New Jersey
$320K +$339K +27,562 New
NA
42
NewEdge Advisors
Louisiana
$312K +$66.4K +5,400 +25%
SWM
43
Spire Wealth Management
Virginia
$271K -$62.7K -5,100 -18%
Mercer Global Advisors
44
Mercer Global Advisors
Colorado
$256K +$271K +22,000 New
AA
45
AQR Arbitrage
Connecticut
$242K +$256K +20,799 New
RPCA
46
Running Point Capital Advisors
California
$232K +$246K +20,000 New
KAS
47
Kestra Advisory Services
Texas
$230K +$6.54K +532 +3%
PFS
48
Prospera Financial Services
Texas
$219K +$232K +18,859 New
OFW
49
Omnia Family Wealth
Florida
$218K – – –
IA
50
IFP Advisors
Florida
$216K +$207K +16,803 New
1
2
3 4 5

VGM Hedge Fund Activity: Q1 2022 in Review

94 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q1 2022, worth a combined $124M — down 13% from $142M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new VGM positions and 12 closed out — a net gain of 6 holders — while 33 added to existing stakes and 17 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $3.05M. The largest seller was Bramshill Investments, cutting an estimated $5.47M.

  • 94 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q1 2022, up from 90 in Q4 2021.
  • Funds reported $124M of Invesco Trust Investment Grade Municipals stock for Q1 2022, down 13% quarter-over-quarter.
  • 18 funds opened new Invesco Trust Investment Grade Municipals positions in Q1 2022 and 12 closed out, a net change of +6 holders.
  • The largest Invesco Trust Investment Grade Municipals buyer in Q1 2022 was Rivernorth Capital Management, an estimated $3.05M added.
  • The largest Invesco Trust Investment Grade Municipals seller in Q1 2022 was Bramshill Investments, an estimated $5.47M sold.

Based on aggregated 13F filings for Q1 2022.