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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
BI
101
Bramshill Investments
Florida
– -$26.6M -2,692,424 Closed
VF
102
Virtu Financial
New York
– -$328K -33,168 Closed
GWMR
103
GC Wealth Management RIA
Massachusetts
– -$292K -29,506 Closed
GM
104
GeoWealth Management
Illinois
– -$292K -29,506 Closed
First Trust Advisors
105
First Trust Advisors
Illinois
– -$208K -21,066 Closed
FPAS
106
Focus Partners Advisor Solutions
Missouri
– -$176K -17,768 Closed
SCM
107
Sollinda Capital Management
Florida
– -$173K -17,500 Closed
AC
108
Aristides Capital
Kentucky
– -$159K -16,125 Closed
SRC
109
Shufro Rose & Co
New York
– -$132K -15,500 Closed
IWA
110
Icon Wealth Advisors
Texas
– -$149K -15,021 Closed
WAM
111
Weiss Asset Management
Massachusetts
– -$131K -13,273 Closed
LNWWM
112
Laird Norton Wetherby Wealth Management
California
– -$112K -11,347 Closed
KWA
113
Kingswood Wealth Advisors
California
– -$103K -10,432 Closed
CIA
114
Capital Investment Advisors
Georgia
– -$103K -10,405 Closed
PTC
115
Private Trust Company
Ohio
– -$75.1K -7,593 Closed
ASN
116
Advisory Services Network
Georgia
– -$72.6K -7,341 Closed
WB
117
Webster Bank
Connecticut
– -$16.1K -1,633 Closed
FBC
118
Fairfield, Bush & Co
Connecticut
– -$14.8K -1,500 Closed
GI
119
Gradient Investments
Minnesota
– -$9.89K -1,000 Closed
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.