Invesco Trust Investment Grade Municipals
VGM
72 hedge funds and large institutions have $60.1M invested in Invesco Trust Investment Grade Municipals in 2013 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 16 increasing their positions, 18 reducing their positions, and 6 closing their positions.
267% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 6
44% more capital invested
Capital invested by funds: $41.7M → $60.1M (+$18.4M)
26% more funds holding
Funds holding: 57 → 72 (+15)
11% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 18
13.11% less ownership
Funds ownership: 22.15% → 9.04% (-13%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.24M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$2.48M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.48M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.43M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$2.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
-$105M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$9.47M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.24M |
| 4 |
VAM
Visium Asset Management
New York
|
-$476K |
| 5 |
First Manhattan
New York
|
-$433K |
VGM Hedge Fund Activity: Q4 2013 in Review
72 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q4 2013, worth a combined $60.1M — up 44% from $41.7M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new VGM positions and 6 closed out — a net gain of 16 holders — while 16 added to existing stakes and 18 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $7.24M. The largest seller was Nuveen, cutting an estimated $105M.
- 72 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q4 2013, up from 57 in Q3 2013.
- Funds reported $60.1M of Invesco Trust Investment Grade Municipals stock for Q4 2013, up 44% quarter-over-quarter.
- 22 funds opened new Invesco Trust Investment Grade Municipals positions in Q4 2013 and 6 closed out, a net change of +16 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q4 2013 was Karpus Investment Management, an estimated $7.24M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q4 2013 was Nuveen, an estimated $105M sold.
Based on aggregated 13F filings for Q4 2013.