Invesco Trust Investment Grade Municipals
VGM
65 hedge funds and large institutions have $68.5M invested in Invesco Trust Investment Grade Municipals in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 14 reducing their positions, and 13 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 14
0.88% less ownership
Funds ownership: 10.52% → 9.64% (-0.88%)
8% less capital invested
Capital invested by funds: $74.3M → $68.5M (-$5.8M)
10% less funds holding
Funds holding: 72 → 65 (-7)
54% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$968K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$635K |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$529K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$491K |
| 5 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
+$405K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$3.23M |
| 2 |
Morgan Stanley
New York
|
-$1.99M |
| 3 |
GCM
Gruss Capital Management
New York
|
-$1.31M |
| 4 |
Comerica Bank
Dallas,
Texas
|
-$1.08M |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$977K |
VGM Hedge Fund Activity: Q3 2014 in Review
65 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q3 2014, worth a combined $68.5M — down 7.8% from $74.3M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of VGM and 6 opened new positions — a net loss of 7 holders — while 14 trimmed existing stakes and 22 added.
The largest buyer was AllianceBernstein, adding an estimated $968K. The largest seller was Mariner Investment Group, exiting entirely with an estimated $3.23M sold.
- 65 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q3 2014, down from 72 in Q2 2014.
- Funds reported $68.5M of Invesco Trust Investment Grade Municipals stock for Q3 2014, down 7.8% quarter-over-quarter.
- 6 funds opened new Invesco Trust Investment Grade Municipals positions in Q3 2014 and 13 closed out, a net change of -7 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q3 2014 was AllianceBernstein, an estimated $968K added.
- The largest Invesco Trust Investment Grade Municipals seller in Q3 2014 was Mariner Investment Group, an estimated $3.23M sold.
Based on aggregated 13F filings for Q3 2014.