Invesco Trust Investment Grade Municipals
VGM
68 hedge funds and large institutions have $73.4M invested in Invesco Trust Investment Grade Municipals in 2014 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 18 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
7% more capital invested
Capital invested by funds: $68.5M → $73.4M (+$4.86M)
5% more funds holding
Funds holding: 65 → 68 (+3)
0.54% more ownership
Funds ownership: 9.64% → 10.18% (+0.54%)
11% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$984K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$956K |
| 3 |
SG Americas Securities
New York
|
+$539K |
| 4 |
AWA
ARS Wealth Advisors
St. Petersburg,
Florida
|
+$282K |
| 5 |
LCM
Laurion Capital Management
New York
|
+$218K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$721K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$322K |
| 3 |
WB
WesBanco Bank
Wheeling,
West Virginia
|
-$135K |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$132K |
| 5 |
ACI
AMP Capital Investors
Sydney,
Australia
|
-$132K |
VGM Hedge Fund Activity: Q4 2014 in Review
68 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q4 2014, worth a combined $73.4M — up 7.1% from $68.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new VGM positions and 6 closed out — a net gain of 4 holders — while 16 added to existing stakes and 18 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $984K. The largest seller was Allianz Asset Management, exiting entirely with an estimated $721K sold.
- 68 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q4 2014, up from 65 in Q3 2014.
- Funds reported $73.4M of Invesco Trust Investment Grade Municipals stock for Q4 2014, up 7.1% quarter-over-quarter.
- 10 funds opened new Invesco Trust Investment Grade Municipals positions in Q4 2014 and 6 closed out, a net change of +4 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q4 2014 was Guggenheim Capital, an estimated $984K added.
- The largest Invesco Trust Investment Grade Municipals seller in Q4 2014 was Allianz Asset Management, an estimated $721K sold.
Based on aggregated 13F filings for Q4 2014.