Invesco Trust Investment Grade Municipals
VGM
69 hedge funds and large institutions have $75.7M invested in Invesco Trust Investment Grade Municipals in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 13 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 16
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.05% less ownership
Funds ownership: 10.97% → 9.92% (-1.1%)
7% less funds holding
Funds holding: 74 → 69 (-5)
38% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 13
53% less capital inflows, than outflows
Capital inflows: $6.53M | Capital outflows: $14M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Guggenheim Capital
Chicago,
Illinois
|
+$2.15M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$761K |
| 3 |
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$427K |
| 4 |
VanEck Associates
New York
|
+$410K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$376K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
-$6.05M |
| 2 |
Laurion Capital Management
New York
|
-$3.19M |
| 3 |
Parametric Portfolio Associates
Seattle,
Washington
|
-$740K |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$729K |
| 5 |
SG Americas Securities
New York
|
-$466K |
VGM Hedge Fund Activity: Q1 2016 in Review
69 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q1 2016, worth a combined $75.7M — down 4.3% from $79.1M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of VGM and 8 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 21 added.
The largest buyer was Guggenheim Capital, adding an estimated $2.15M. The largest seller was Karpus Investment Management, cutting an estimated $6.05M.
- 69 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q1 2016, down from 74 in Q4 2015.
- Funds reported $75.7M of Invesco Trust Investment Grade Municipals stock for Q1 2016, down 4.3% quarter-over-quarter.
- 8 funds opened new Invesco Trust Investment Grade Municipals positions in Q1 2016 and 13 closed out, a net change of -5 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q1 2016 was Guggenheim Capital, an estimated $2.15M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q1 2016 was Karpus Investment Management, an estimated $6.05M sold.
Based on aggregated 13F filings for Q1 2016.