Invesco Trust Investment Grade Municipals
VGM
79 hedge funds and large institutions have $78.3M invested in Invesco Trust Investment Grade Municipals in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 28 increasing their positions, 16 reducing their positions, and 14 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 16
2% more capital invested
Capital invested by funds: $77M → $78.3M (+$1.38M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.07% less ownership
Funds ownership: 11.2% → 11.12% (-0.07%)
9% less funds holding
Funds holding: 87 → 79 (-8)
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.03M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$1.62M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.49M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$602K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$413K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.22M |
| 2 |
Morgan Stanley
New York
|
-$892K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$863K |
| 4 |
Squarepoint
New York
|
-$516K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$488K |
VGM Hedge Fund Activity: Q1 2017 in Review
79 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q1 2017, worth a combined $78.3M — up 1.8% from $77M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of VGM and 8 opened new positions — a net loss of 6 holders — while 16 trimmed existing stakes and 28 added.
The largest buyer was Wells Fargo, adding an estimated $2.03M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $3.22M sold.
- 79 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q1 2017, down from 87 in Q4 2016.
- Funds reported $78.3M of Invesco Trust Investment Grade Municipals stock for Q1 2017, up 1.8% quarter-over-quarter.
- 8 funds opened new Invesco Trust Investment Grade Municipals positions in Q1 2017 and 14 closed out, a net change of -6 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q1 2017 was Wells Fargo, an estimated $2.03M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q1 2017 was Rivernorth Capital Management, an estimated $3.22M sold.
Based on aggregated 13F filings for Q1 2017.