Invesco Trust Investment Grade Municipals
VGM
69 hedge funds and large institutions have $73.3M invested in Invesco Trust Investment Grade Municipals in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 19 reducing their positions, and 12 closing their positions.
22% more capital invested
Capital invested by funds: $60.1M → $73.3M (+$13.1M)
1.52% more ownership
Funds ownership: 9.04% → 10.56% (+1.5%)
4% less funds holding
Funds holding: 72 → 69 (-3)
21% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 19
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$9.96M |
| 2 |
NVIM
New Vernon Investment Management
Highland Park,
Illinois
|
+$3.81M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.32M |
| 4 |
ACI
AMP Capital Investors
Sydney,
Australia
|
+$686K |
| 5 |
Morgan Stanley
New York
|
+$605K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$3.47M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.25M |
| 3 |
SG Americas Securities
New York
|
-$574K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$460K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$392K |
VGM Hedge Fund Activity: Q1 2014 in Review
69 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q1 2014, worth a combined $73.3M — up 22% from $60.1M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of VGM and 9 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 15 added.
The largest buyer was AllianceBernstein, opening a new position worth an estimated $9.96M. The largest seller was HighTower Advisors, cutting an estimated $3.47M.
- 69 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q1 2014, down from 72 in Q4 2013.
- Funds reported $73.3M of Invesco Trust Investment Grade Municipals stock for Q1 2014, up 22% quarter-over-quarter.
- 9 funds opened new Invesco Trust Investment Grade Municipals positions in Q1 2014 and 12 closed out, a net change of -3 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q1 2014 was AllianceBernstein, an estimated $9.96M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q1 2014 was HighTower Advisors, an estimated $3.47M sold.
Based on aggregated 13F filings for Q1 2014.