Invesco Trust Investment Grade Municipals
VGM
74 hedge funds and large institutions have $63.6M invested in Invesco Trust Investment Grade Municipals in 2017 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 12 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 15
17% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 12
3% more funds holding
Funds holding: 72 → 74 (+2)
0.97% less ownership
Funds ownership: 9.68% → 8.7% (-0.97%)
9% less capital invested
Capital invested by funds: $69.9M → $63.6M (-$6.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.05M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$811K |
| 3 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$468K |
| 4 |
Morgan Stanley
New York
|
+$347K |
| 5 |
Millennium Management
New York
|
+$320K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.24M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.92M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.89M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.15M |
| 5 |
MG
Mather Group
Chicago,
Illinois
|
-$948K |
VGM Hedge Fund Activity: Q3 2017 in Review
74 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q3 2017, worth a combined $63.6M — down 9% from $69.9M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new VGM positions and 12 closed out — a net gain of 2 holders — while 23 added to existing stakes and 15 trimmed.
The largest buyer was Invesco, adding an estimated $1.05M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $2.24M sold.
- 74 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q3 2017, up from 72 in Q2 2017.
- Funds reported $63.6M of Invesco Trust Investment Grade Municipals stock for Q3 2017, down 9% quarter-over-quarter.
- 14 funds opened new Invesco Trust Investment Grade Municipals positions in Q3 2017 and 12 closed out, a net change of +2 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q3 2017 was Invesco, an estimated $1.05M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q3 2017 was Parametric Portfolio Associates, an estimated $2.24M sold.
Based on aggregated 13F filings for Q3 2017.