Invesco Trust Investment Grade Municipals
VGM
87 hedge funds and large institutions have $77M invested in Invesco Trust Investment Grade Municipals in 2016 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 25 increasing their positions, 15 reducing their positions, and 9 closing their positions.
156% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 9
67% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 15
18% more funds holding
Funds holding: 74 → 87 (+13)
6% more capital invested
Capital invested by funds: $72.6M → $77M (+$4.33M)
1.75% more ownership
Funds ownership: 9.45% → 11.2% (+1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.29M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$3.08M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.19M |
| 4 |
Morgan Stanley
New York
|
+$1.52M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.75M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$2.01M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.2M |
| 4 |
VanEck Associates
New York
|
-$695K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$431K |
VGM Hedge Fund Activity: Q4 2016 in Review
87 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q4 2016, worth a combined $77M — up 6% from $72.6M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new VGM positions and 9 closed out — a net gain of 14 holders — while 25 added to existing stakes and 15 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $3.29M. The largest seller was Guggenheim Capital, cutting an estimated $2.75M.
- 87 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q4 2016, up from 74 in Q3 2016.
- Funds reported $77M of Invesco Trust Investment Grade Municipals stock for Q4 2016, up 6% quarter-over-quarter.
- 23 funds opened new Invesco Trust Investment Grade Municipals positions in Q4 2016 and 9 closed out, a net change of +14 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q4 2016 was Rivernorth Capital Management, an estimated $3.29M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q4 2016 was Guggenheim Capital, an estimated $2.75M sold.
Based on aggregated 13F filings for Q4 2016.