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Invesco Trust Investment Grade Municipals
VGM

100 hedge funds and large institutions have $218M invested in Invesco Trust Investment Grade Municipals in 2024 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 35 increasing their positions, 31 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 31

4% more capital invested

Capital invested by funds: $211M → $218M (+$7.54M)

0.8% more ownership

Funds ownership: 39.3% → 40.1% (+0.8%)

7% less funds holding

Funds holding: 108 → 100 (-8)

42% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 19

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
100
Holders Change
-8
Holders Change %
-7.41%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
11
Increased
35
Reduced
31
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$24.2M
2
KIM
Karpus Investment Management
New York
+$6.54M
3
Cerity Partners
Cerity Partners
New York
+$3.47M
4
Allspring Global Investments
Allspring Global Investments
North Carolina
+$1.89M
5
SIA
Sit Investment Associates
Minnesota
+$1.43M

Top Sellers

1
BI
Bramshill Investments
Florida
-$26.6M
2
Morgan Stanley
Morgan Stanley
New York
-$4.43M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$2.3M
4
GC
Guggenheim Capital
Illinois
-$923K
5
BF
BOK Financial
Oklahoma
-$589K
Name Holding Trade Value Shares
Change 		Change in
Stake
DAS
76
Dynamic Advisor Solutions
Arizona
$110K -$3.93K -400 -3%
CCG
77
Catalina Capital Group
California
$109K – – –
IWC
78
Integrated Wealth Concepts
Massachusetts
$109K – – –
AA
79
Alesco Advisors
New York
$108K – – –
N
80
Nuveen
North Carolina
$107K – – –
CIA
81
Concurrent Investment Advisors
Florida
$102K – – –
GCP
82
Gill Capital Partners
Colorado
$101K -$11.1K -1,133 -10%
JP Morgan Chase
83
JP Morgan Chase
New York
$89.1K +$88.7K +9,034 New
FMP
84
Financial Management Professionals
Texas
$56K +$55.6K +5,666 New
IA
85
IFP Advisors
Florida
$48.2K -$2.05K -209 -4%
CT
86
Caldwell Trust
Florida
$45.9K – – –
NS
87
NBC Securities
Alabama
$44K – – –
Comerica Bank
88
Comerica Bank
Texas
$39.4K +$34.1K +3,475 +662%
UB
89
UMB Bank
Missouri
$34.3K -$10.9K -1,111 -24%
CTC
90
Central Trust Company
Missouri
$28.9K +$28.7K +2,926 New
AA
91
Ancora Advisors
Ohio
$14K – – –
SPIA
92
Steward Partners Investment Advisory
New York
$13.6K – – –
BFEC
93
Benjamin F. Edwards & Company
Missouri
$8K – – –
Bessemer Group
94
Bessemer Group
New Jersey
$7K -$2.07K -211 -22%
KFI
95
Key Financial Inc
Pennsylvania
$6K – – –
MWM
96
Mascoma Wealth Management
New Hampshire
$3.15K – – –
CA
97
CoreCap Advisors
Michigan
$2.88K +$2.87K +292 New
PS
98
Principal Securities
Iowa
$2.46K – – –
CFD
99
Creative Financial Designs
Indiana
$1.44K +$1.43K +146 New
AF
100
Allworth Financial
California
$1.24K +$10 +1 +0.8%
1 2 3
4
5

VGM Hedge Fund Activity: Q1 2024 in Review

100 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q1 2024, worth a combined $218M — up 3.6% from $211M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of VGM and 11 opened new positions — a net loss of 8 holders — while 31 trimmed existing stakes and 35 added.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $24.2M. The largest seller was Bramshill Investments, exiting entirely with an estimated $26.6M sold.

  • 100 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q1 2024, down from 108 in Q4 2023.
  • Funds reported $218M of Invesco Trust Investment Grade Municipals stock for Q1 2024, up 3.6% quarter-over-quarter.
  • 11 funds opened new Invesco Trust Investment Grade Municipals positions in Q1 2024 and 19 closed out, a net change of -8 holders.
  • The largest Invesco Trust Investment Grade Municipals buyer in Q1 2024 was Saba Capital Management, an estimated $24.2M added.
  • The largest Invesco Trust Investment Grade Municipals seller in Q1 2024 was Bramshill Investments, an estimated $26.6M sold.

Based on aggregated 13F filings for Q1 2024.