Invesco Trust Investment Grade Municipals
VGM
72 hedge funds and large institutions have $74.3M invested in Invesco Trust Investment Grade Municipals in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 10 reducing their positions, and 5 closing their positions.
130% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 10
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
4% more funds holding
Funds holding: 69 → 72 (+3)
1% more capital invested
Capital invested by funds: $73.3M → $74.3M (+$1.02M)
0.04% less ownership
Funds ownership: 10.56% → 10.52% (-0.04%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.79M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$994K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$929K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$680K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$656K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$7.05M |
| 2 |
GCM
Gruss Capital Management
New York
|
-$857K |
| 3 |
ACA
Anchor Capital Advisors
Boston,
Massachusetts
|
-$563K |
| 4 |
Comerica Bank
Dallas,
Texas
|
-$454K |
| 5 |
LPL Financial
San Diego,
California
|
-$294K |
VGM Hedge Fund Activity: Q2 2014 in Review
72 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q2 2014, worth a combined $74.3M — up 1.4% from $73.3M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new VGM positions and 5 closed out — a net gain of 3 holders — while 23 added to existing stakes and 10 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $2.79M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $7.05M sold.
- 72 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q2 2014, up from 69 in Q1 2014.
- Funds reported $74.3M of Invesco Trust Investment Grade Municipals stock for Q2 2014, up 1.4% quarter-over-quarter.
- 8 funds opened new Invesco Trust Investment Grade Municipals positions in Q2 2014 and 5 closed out, a net change of +3 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q2 2014 was Karpus Investment Management, an estimated $2.79M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q2 2014 was Sit Investment Associates, an estimated $7.05M sold.
Based on aggregated 13F filings for Q2 2014.