Invesco Trust Investment Grade Municipals
VGM
74 hedge funds and large institutions have $72.6M invested in Invesco Trust Investment Grade Municipals in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 19 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
16% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 19
3% more funds holding
Funds holding: 72 → 74 (+2)
1% more capital invested
Capital invested by funds: $71.6M → $72.6M (+$1M)
0.63% more ownership
Funds ownership: 8.82% → 9.45% (+0.63%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3.26M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.59M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.53M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.23M |
| 5 |
VanEck Associates
New York
|
+$507K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$948K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$871K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$846K |
| 4 |
Morgan Stanley
New York
|
-$821K |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$758K |
VGM Hedge Fund Activity: Q3 2016 in Review
74 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q3 2016, worth a combined $72.6M — up 1.4% from $71.6M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new VGM positions and 6 closed out — a net gain of 3 holders — while 22 added to existing stakes and 19 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $3.26M. The largest seller was Guggenheim Capital, cutting an estimated $948K.
- 74 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q3 2016, up from 72 in Q2 2016.
- Funds reported $72.6M of Invesco Trust Investment Grade Municipals stock for Q3 2016, up 1.4% quarter-over-quarter.
- 9 funds opened new Invesco Trust Investment Grade Municipals positions in Q3 2016 and 6 closed out, a net change of +3 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q3 2016 was Robinson Capital Management, an estimated $3.26M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q3 2016 was Guggenheim Capital, an estimated $948K sold.
Based on aggregated 13F filings for Q3 2016.