Invesco Trust Investment Grade Municipals
VGM
115 hedge funds and large institutions have $152M invested in Invesco Trust Investment Grade Municipals in 2025 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 38 increasing their positions, 32 reducing their positions, and 11 closing their positions.
73% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 11
19% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 32
6% more funds holding
Funds holding: 108 → 115 (+7)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8.48% less ownership
Funds ownership: 37.99% → 29.51% (-8.5%)
26% less capital invested
Capital invested by funds: $205M → $152M (-$53.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.09M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$914K |
| 4 |
Mercer Global Advisors
Denver,
Colorado
|
+$653K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$566K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$12.3M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$12.2M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
-$9.82M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$9.49M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$3.09M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
BlackRock
New York
| – | -$6 | -1 | Closed |
|
VGM Hedge Fund Activity: Q2 2025 in Review
115 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q2 2025, worth a combined $152M — down 26% from $205M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new VGM positions and 11 closed out — a net gain of 8 holders — while 38 added to existing stakes and 32 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $2M. The largest seller was Karpus Investment Management, cutting an estimated $12.3M.
- 115 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q2 2025, up from 108 in Q1 2025.
- Funds reported $152M of Invesco Trust Investment Grade Municipals stock for Q2 2025, down 26% quarter-over-quarter.
- 19 funds opened new Invesco Trust Investment Grade Municipals positions in Q2 2025 and 11 closed out, a net change of +8 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q2 2025 was Guggenheim Capital, an estimated $2M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q2 2025 was Karpus Investment Management, an estimated $12.3M sold.
Based on aggregated 13F filings for Q2 2025.