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Invesco Trust Investment Grade Municipals
VGM

85 hedge funds and large institutions have $122M invested in Invesco Trust Investment Grade Municipals in 2020 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 18 increasing their positions, 27 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

8% more funds holding

Funds holding: 79 → 85 (+6)

1.68% more ownership

Funds ownership: 16.98% → 18.66% (+1.7%)

3% more capital invested

Capital invested by funds: $118M → $122M (+$3.26M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

33% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 27

Holders
85
Holders Change
+6
Holders Change %
+7.59%
% of All Funds
1.87%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
18
Increased
18
Reduced
27
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$16.1M
2
BI
Bramshill Investments
Florida
+$5.35M
3
RCM
Rivernorth Capital Management
Florida
+$3.03M
4
AA
AQR Arbitrage
Connecticut
+$795K
5
Morgan Stanley
Morgan Stanley
New York
+$448K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$4.72M
2
SIA
Sit Investment Associates
Minnesota
-$3.25M
3
MSL
Mackay Shields LLC
New York
-$2.29M
4
UBS Group
UBS Group
Switzerland
-$1.54M
5
PPA
Parametric Portfolio Associates
Washington
-$917K
Name Holding Trade Value Shares
Change 		Change in
Stake
PFS
51
Prospera Financial Services
Texas
$140K -$24.2K -1,900 -14%
CCG
52
Ceeto Capital Group
Florida
$132K +$139K +10,900 New
MWM
53
Meridian Wealth Management
Kentucky
$132K +$140K +11,000 New
BBA
54
BLB&B Advisors
Pennsylvania
$130K -$5.09K -400 -4%
SG
55
StoneX Group
New York
$130K +$137K +10,788 New
NFG
56
Nations Financial Group
Iowa
$124K +$131K +10,272 New
CP
57
Camelot Portfolios
Ohio
$121K – – –
FIA
58
FNY Investment Advisers
New York
$118K +$125K +9,841 New
PCG
59
Private Capital Group
Connecticut
$109K – – –
BFC
60
Bedel Financial Consulting
Indiana
$89K – – –
GWM
61
Geneos Wealth Management
Colorado
$65K -$205K -16,124 -74%
TFS
62
TrustCore Financial Services
Tennessee
$48K – – –
WAP
63
Wealthcare Advisory Partners
Pennsylvania
$48K +$50.9K +4,000 New
MM
64
Main Management
California
$42K +$12.7K +1,000 +40%
ASN
65
Advisory Services Network
Georgia
$37K -$5.3K -417 -12%
KPW
66
Kore Private Wealth
New York
$35K – – –
PNC Financial Services Group
67
PNC Financial Services Group
Pennsylvania
$29K – – –
HFM
68
Hartford Financial Management
Connecticut
$21K – – –
BFEC
69
Benjamin F. Edwards & Company
Missouri
$19K -$8.42K -662 -30%
JP Morgan Chase
70
JP Morgan Chase
New York
$19K – – –
Fifth Third Bancorp
71
Fifth Third Bancorp
Ohio
$17K -$14K -1,100 -44%
KPCM
72
Kings Point Capital Management
New York
$14K – – –
NC
73
NewSquare Capital
Pennsylvania
$14K +$14.9K +1,170 New
DWM
74
Darwin Wealth Management
Florida
$12K +$12.7K +1,001 New
Bank of Montreal
75
Bank of Montreal
Ontario, Canada
$9K – – –
1 2
3
4

VGM Hedge Fund Activity: Q1 2020 in Review

85 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q1 2020, worth a combined $122M — up 2.8% from $118M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new VGM positions and 10 closed out — a net gain of 8 holders — while 18 added to existing stakes and 27 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $16.1M. The largest seller was Robinson Capital Management, cutting an estimated $4.72M.

  • 85 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q1 2020, up from 79 in Q4 2019.
  • Funds reported $122M of Invesco Trust Investment Grade Municipals stock for Q1 2020, up 2.8% quarter-over-quarter.
  • 18 funds opened new Invesco Trust Investment Grade Municipals positions in Q1 2020 and 10 closed out, a net change of +8 holders.
  • The largest Invesco Trust Investment Grade Municipals buyer in Q1 2020 was Karpus Investment Management, an estimated $16.1M added.
  • The largest Invesco Trust Investment Grade Municipals seller in Q1 2020 was Robinson Capital Management, an estimated $4.72M sold.

Based on aggregated 13F filings for Q1 2020.