Invesco Trust Investment Grade Municipals
VGM
66 hedge funds and large institutions have $64.9M invested in Invesco Trust Investment Grade Municipals in 2015 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 15 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.28% less ownership
Funds ownership: 10.18% → 8.9% (-1.3%)
3% less funds holding
Funds holding: 68 → 66 (-2)
12% less capital invested
Capital invested by funds: $73.4M → $64.9M (-$8.48M)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.97M |
| 2 |
LSA
Liberty Street Advisors
New York
|
+$1.57M |
| 3 |
B
Baird
Milwaukee,
Wisconsin
|
+$1.25M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.13M |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
+$801K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$11.3M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.08M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.81M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.63M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.48M |
VGM Hedge Fund Activity: Q1 2015 in Review
66 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q1 2015, worth a combined $64.9M — down 12% from $73.4M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of VGM and 13 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 18 added.
The largest buyer was Deutsche Bank, adding an estimated $2.97M. The largest seller was AllianceBernstein, exiting entirely with an estimated $11.3M sold.
- 66 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q1 2015, down from 68 in Q4 2014.
- Funds reported $64.9M of Invesco Trust Investment Grade Municipals stock for Q1 2015, down 12% quarter-over-quarter.
- 13 funds opened new Invesco Trust Investment Grade Municipals positions in Q1 2015 and 15 closed out, a net change of -2 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q1 2015 was Deutsche Bank, an estimated $2.97M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q1 2015 was AllianceBernstein, an estimated $11.3M sold.
Based on aggregated 13F filings for Q1 2015.