Invesco Trust Investment Grade Municipals
VGM
66 hedge funds and large institutions have $61.5M invested in Invesco Trust Investment Grade Municipals in 2015 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 11 reducing their positions, and 10 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 11
20% more capital inflows, than outflows
Capital inflows: $9.7M | Capital outflows: $8.14M
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
0.02% more ownership
Funds ownership: 8.9% → 8.92% (+0.02%)
0% more funds holding
Funds holding: 66 → 66 (0)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
+$1.99M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
+$1.42M |
| 3 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$935K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$508K |
| 5 |
Landscape Capital Management
Englewood,
New Jersey
|
+$482K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.56M |
| 2 |
AQR Arbitrage
Greenwich,
Connecticut
|
-$706K |
| 3 |
Doliver Advisors
Houston,
Texas
|
-$686K |
| 4 |
Liberty Street Advisors
New York
|
-$537K |
| 5 |
Raymond James & Associates
St Petersburg,
Florida
|
-$519K |
VGM Hedge Fund Activity: Q2 2015 in Review
66 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q2 2015, worth a combined $61.5M — down 5.3% from $64.9M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new VGM positions and 10 closed out — a net gain of 1 holder — while 18 added to existing stakes and 11 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $1.99M. The largest seller was Deutsche Bank, cutting an estimated $3.56M.
- 66 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q2 2015, unchanged from Q1 2015.
- Funds reported $61.5M of Invesco Trust Investment Grade Municipals stock for Q2 2015, down 5.3% quarter-over-quarter.
- 11 funds opened new Invesco Trust Investment Grade Municipals positions in Q2 2015 and 10 closed out, a net change of +1 holder.
- The largest Invesco Trust Investment Grade Municipals buyer in Q2 2015 was Karpus Investment Management, an estimated $1.99M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q2 2015 was Deutsche Bank, an estimated $3.56M sold.
Based on aggregated 13F filings for Q2 2015.