Invesco Trust Investment Grade Municipals
VGM
78 hedge funds and large institutions have $139M invested in Invesco Trust Investment Grade Municipals in 2020 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 18 reducing their positions, and 11 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 18
4% more capital invested
Capital invested by funds: $133M → $139M (+$5.37M)
0.18% more ownership
Funds ownership: 20.39% → 20.57% (+0.18%)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
1% less funds holding
Funds holding: 79 → 78 (-1)
Top Buyers
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
+$8.83M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.42M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.3M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$323K |
| 5 |
LPL Financial
San Diego,
California
|
+$268K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AA
76
Ancora Advisors
Cleveland,
Ohio
| $4K | – | – | – |
|
|
AF
77
Allworth Financial
Folsom,
California
| $1K | +$13 | +1 | +0.9% |
|
|
FCA
78
FinTrust Capital Advisors
Greenville,
South Carolina
| $2 | – | – | – |
|
|
RCM
79
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$4.73M | -389,981 | Closed |
|
|
AA
80
AQR Arbitrage
Greenwich,
Connecticut
| – | -$839K | -69,655 | Closed |
|
|
DDPIC
81
Deroy & Devereaux Private Investment Counsel
Bloomfield Hills,
Michigan
| – | -$160K | -13,250 | Closed |
|
|
CAN
82
Cetera Advisor Networks
El Segundo,
California
| – | -$44K | -3,634 | Closed |
|
|
KPW
83
Kore Private Wealth
New York
| – | -$34K | -2,859 | Closed |
|
|
PAG
84
Private Advisor Group
Morristown,
New Jersey
| – | -$19K | -1,575 | Closed |
|
|
KPCM
85
Kings Point Capital Management
Great Neck,
New York
| – | -$14K | -1,170 | Closed |
|
|
VCM
86
Vigilant Capital Management
Portland,
Maine
| – | -$7K | -585 | Closed |
|
87
Citigroup
New York
| – | -$6K | -500 | Closed |
|
88
US Bancorp
Minneapolis,
Minnesota
| – | -$4K | -333 | Closed |
|
VGM Hedge Fund Activity: Q3 2020 in Review
78 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q3 2020, worth a combined $139M — up 4% from $133M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of VGM and 10 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 24 added.
The largest buyer was Bramshill Investments, adding an estimated $8.83M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $4.73M sold.
- 78 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q3 2020, down from 79 in Q2 2020.
- Funds reported $139M of Invesco Trust Investment Grade Municipals stock for Q3 2020, up 4% quarter-over-quarter.
- 10 funds opened new Invesco Trust Investment Grade Municipals positions in Q3 2020 and 11 closed out, a net change of -1 holder.
- The largest Invesco Trust Investment Grade Municipals buyer in Q3 2020 was Bramshill Investments, an estimated $8.83M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q3 2020 was Robinson Capital Management, an estimated $4.73M sold.
Based on aggregated 13F filings for Q3 2020.