Invesco Trust Investment Grade Municipals
VGM
72 hedge funds and large institutions have $69.9M invested in Invesco Trust Investment Grade Municipals in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 22 reducing their positions, and 13 closing their positions.
5% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 22
1.45% less ownership
Funds ownership: 11.12% → 9.68% (-1.4%)
9% less funds holding
Funds holding: 79 → 72 (-7)
11% less capital invested
Capital invested by funds: $78.3M → $69.9M (-$8.42M)
54% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.01M |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$650K |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$496K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$267K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.65M |
| 2 |
NVIM
New Vernon Investment Management
Highland Park,
Illinois
|
-$2.86M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.09M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$1.63M |
| 5 |
LPL Financial
San Diego,
California
|
-$1.56M |
VGM Hedge Fund Activity: Q2 2017 in Review
72 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q2 2017, worth a combined $69.9M — down 11% from $78.3M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of VGM and 6 opened new positions — a net loss of 7 holders — while 22 trimmed existing stakes and 21 added.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $2.2M. The largest seller was Fiera Capital (Canada), cutting an estimated $3.65M.
- 72 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q2 2017, down from 79 in Q1 2017.
- Funds reported $69.9M of Invesco Trust Investment Grade Municipals stock for Q2 2017, down 11% quarter-over-quarter.
- 6 funds opened new Invesco Trust Investment Grade Municipals positions in Q2 2017 and 13 closed out, a net change of -7 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $2.2M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q2 2017 was Fiera Capital (Canada), an estimated $3.65M sold.
Based on aggregated 13F filings for Q2 2017.