Invesco Trust Investment Grade Municipals
VGM
72 hedge funds and large institutions have $70.7M invested in Invesco Trust Investment Grade Municipals in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 22 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
4% more funds holding
Funds holding: 69 → 72 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.1% less ownership
Funds ownership: 9.92% → 8.82% (-1.1%)
5% less capital invested
Capital invested by funds: $74.5M → $70.7M (-$3.85M)
27% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.23M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$839K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$720K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$714K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$545K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$4.46M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.73M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.47M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.37M |
| 5 |
Morgan Stanley
New York
|
-$1.04M |
VGM Hedge Fund Activity: Q2 2016 in Review
72 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q2 2016, worth a combined $70.7M — down 5.2% from $74.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new VGM positions and 7 closed out — a net gain of 3 holders — while 16 added to existing stakes and 22 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $1.23M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $4.46M sold.
- 72 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q2 2016, up from 69 in Q1 2016.
- Funds reported $70.7M of Invesco Trust Investment Grade Municipals stock for Q2 2016, down 5.2% quarter-over-quarter.
- 10 funds opened new Invesco Trust Investment Grade Municipals positions in Q2 2016 and 7 closed out, a net change of +3 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q2 2016 was Advisors Asset Management, an estimated $1.23M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q2 2016 was Parametric Portfolio Associates, an estimated $4.46M sold.
Based on aggregated 13F filings for Q2 2016.