Invesco Trust Investment Grade Municipals
VGM
88 hedge funds and large institutions have $108M invested in Invesco Trust Investment Grade Municipals in 2018 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 25 increasing their positions, 27 reducing their positions, and 13 closing their positions.
42% more capital invested
Capital invested by funds: $76.6M → $108M (+$31.9M)
15% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 13
5.52% more ownership
Funds ownership: 11.88% → 17.4% (+5.5%)
2% more funds holding
Funds holding: 86 → 88 (+2)
7% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$17M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$8.2M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.28M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.8M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCMW
Northern Capital Management (Wisconsin)
Madison,
Wisconsin
|
-$2.04M |
| 2 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$1.49M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.4M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.35M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$904K |
VGM Hedge Fund Activity: Q4 2018 in Review
88 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q4 2018, worth a combined $108M — up 42% from $76.6M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new VGM positions and 13 closed out — a net gain of 2 holders — while 25 added to existing stakes and 27 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $17M. The largest seller was Northern Capital Management (Wisconsin), cutting an estimated $2.04M.
- 88 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q4 2018, up from 86 in Q3 2018.
- Funds reported $108M of Invesco Trust Investment Grade Municipals stock for Q4 2018, up 42% quarter-over-quarter.
- 15 funds opened new Invesco Trust Investment Grade Municipals positions in Q4 2018 and 13 closed out, a net change of +2 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q4 2018 was Karpus Investment Management, an estimated $17M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q4 2018 was Northern Capital Management (Wisconsin), an estimated $2.04M sold.
Based on aggregated 13F filings for Q4 2018.