Invesco Trust Investment Grade Municipals
VGM
86 hedge funds and large institutions have $76.6M invested in Invesco Trust Investment Grade Municipals in 2018 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 21 increasing their positions, 28 reducing their positions, and 7 closing their positions.
143% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 7
16% more capital invested
Capital invested by funds: $66M → $76.6M (+$10.6M)
12% more funds holding
Funds holding: 77 → 86 (+9)
2.1% more ownership
Funds ownership: 9.78% → 11.88% (+2.1%)
25% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.49M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.38M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.83M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.58M |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$2.65M |
| 2 |
Morgan Stanley
New York
|
-$726K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$414K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$317K |
| 5 |
BF
BOK Financial
Tulsa,
Oklahoma
|
-$291K |
VGM Hedge Fund Activity: Q3 2018 in Review
86 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q3 2018, worth a combined $76.6M — up 16% from $66M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new VGM positions and 7 closed out — a net gain of 10 holders — while 21 added to existing stakes and 28 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $4.49M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $2.65M sold.
- 86 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q3 2018, up from 77 in Q2 2018.
- Funds reported $76.6M of Invesco Trust Investment Grade Municipals stock for Q3 2018, up 16% quarter-over-quarter.
- 17 funds opened new Invesco Trust Investment Grade Municipals positions in Q3 2018 and 7 closed out, a net change of +10 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q3 2018 was Karpus Investment Management, an estimated $4.49M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q3 2018 was Laurion Capital Management, an estimated $2.65M sold.
Based on aggregated 13F filings for Q3 2018.