Invesco Trust Investment Grade Municipals
VGM
57 hedge funds and large institutions have $41.7M invested in Invesco Trust Investment Grade Municipals in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
24% more capital invested
Capital invested by funds: $33.8M → $41.7M (+$7.95M)
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
17.58% more ownership
Funds ownership: 4.58% → 22.15% (+18%)
12% more funds holding
Funds holding: 51 → 57 (+6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
+$106M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
+$9.36M |
| 3 |
Morgan Stanley
New York
|
+$1.78M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.55M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.13M |
| 2 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$1.07M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$618K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$347K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$179K |
VGM Hedge Fund Activity: Q3 2013 in Review
57 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q3 2013, worth a combined $41.7M — up 24% from $33.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new VGM positions and 3 closed out — a net gain of 6 holders — while 16 added to existing stakes and 13 trimmed.
The largest buyer was Nuveen, adding an estimated $106M. The largest seller was Guggenheim Capital, cutting an estimated $3.13M.
- 57 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q3 2013, up from 51 in Q2 2013.
- Funds reported $41.7M of Invesco Trust Investment Grade Municipals stock for Q3 2013, up 24% quarter-over-quarter.
- 9 funds opened new Invesco Trust Investment Grade Municipals positions in Q3 2013 and 3 closed out, a net change of +6 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q3 2013 was Nuveen, an estimated $106M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q3 2013 was Guggenheim Capital, an estimated $3.13M sold.
Based on aggregated 13F filings for Q3 2013.