Invesco Trust Investment Grade Municipals
VGM
69 hedge funds and large institutions have $64M invested in Invesco Trust Investment Grade Municipals in 2017 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 14 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 18
1% more capital invested
Capital invested by funds: $63.6M → $64M (+$332K)
0.23% more ownership
Funds ownership: 8.7% → 8.93% (+0.23%)
7% less funds holding
Funds holding: 74 → 69 (-5)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.79M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.06M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.04M |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
+$781K |
| 5 |
BF
BOK Financial
Tulsa,
Oklahoma
|
+$496K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.46M |
| 2 |
NPC
National Planning Corporation
El Segundo,
California
|
-$851K |
| 3 |
Millennium Management
New York
|
-$316K |
| 4 |
AIA
Allegis Investment Advisors
Idaho Falls,
Idaho
|
-$220K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$210K |
VGM Hedge Fund Activity: Q4 2017 in Review
69 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q4 2017, worth a combined $64M — up 0.52% from $63.6M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of VGM and 9 opened new positions — a net loss of 5 holders — while 18 trimmed existing stakes and 23 added.
The largest buyer was UBS Group, adding an estimated $1.79M. The largest seller was Guggenheim Capital, cutting an estimated $2.46M.
- 69 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q4 2017, down from 74 in Q3 2017.
- Funds reported $64M of Invesco Trust Investment Grade Municipals stock for Q4 2017, up 0.52% quarter-over-quarter.
- 9 funds opened new Invesco Trust Investment Grade Municipals positions in Q4 2017 and 14 closed out, a net change of -5 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q4 2017 was UBS Group, an estimated $1.79M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q4 2017 was Guggenheim Capital, an estimated $2.46M sold.
Based on aggregated 13F filings for Q4 2017.