Invesco Trust Investment Grade Municipals
VGM
77 hedge funds and large institutions have $66M invested in Invesco Trust Investment Grade Municipals in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 26 increasing their positions, 12 reducing their positions, and 8 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 12
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
8% more funds holding
Funds holding: 71 → 77 (+6)
6% more capital invested
Capital invested by funds: $62.3M → $66M (+$3.68M)
0.43% more ownership
Funds ownership: 9.35% → 9.78% (+0.43%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$1.91M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.25M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$857K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$647K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$409K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.91M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$602K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$563K |
| 4 |
Millennium Management
New York
|
-$549K |
| 5 |
SG Americas Securities
New York
|
-$453K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Fifth Third Bancorp
Cincinnati,
Ohio
| $18K | – | – | – |
|
|
CTC
77
Central Trust Company
Jefferson City,
Missouri
| $17K | +$17.3K | +1,400 | New |
|
|
KPCM
78
Kings Point Capital Management
Great Neck,
New York
| $14K | – | – | – |
|
|
GAM
79
Gemmer Asset Management
Walnut Creek,
California
| $7K | – | – | – |
|
|
RFM
80
Royal Fund Management
Lady Lake,
Florida
| $6K | – | – | – |
|
|
81
Millennium Management
New York
| – | -$549K | -44,924 | Closed |
|
|
82
SG Americas Securities
New York
| – | -$453K | -37,090 | Closed |
|
|
DA
83
Doliver Advisors
Houston,
Texas
| – | -$108K | -22,040 | Closed |
|
84
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$208K | -17,043 | Closed |
|
|
KF
85
Krilogy Financial
St. Louis,
Missouri
| – | -$71K | -5,851 | Closed |
|
|
SWP
86
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$16K | -1,324 | Closed |
|
|
APP
87
Avantax Planning Partners
Dubuque,
Iowa
| – | -$4K | -362 | Closed |
|
|
VCM
88
Virtue Capital Management
Brentwood,
Tennessee
| – | -$1K | -117 | Closed |
|
VGM Hedge Fund Activity: Q2 2018 in Review
77 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q2 2018, worth a combined $66M — up 5.9% from $62.3M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new VGM positions and 8 closed out — a net gain of 6 holders — while 26 added to existing stakes and 12 trimmed.
The largest buyer was Laurion Capital Management, adding an estimated $1.91M. The largest seller was Advisors Asset Management, cutting an estimated $1.91M.
- 77 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q2 2018, up from 71 in Q1 2018.
- Funds reported $66M of Invesco Trust Investment Grade Municipals stock for Q2 2018, up 5.9% quarter-over-quarter.
- 14 funds opened new Invesco Trust Investment Grade Municipals positions in Q2 2018 and 8 closed out, a net change of +6 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q2 2018 was Laurion Capital Management, an estimated $1.91M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q2 2018 was Advisors Asset Management, an estimated $1.91M sold.
Based on aggregated 13F filings for Q2 2018.