Invesco Trust Investment Grade Municipals
VGM
80 hedge funds and large institutions have $123M invested in Invesco Trust Investment Grade Municipals in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 11 closing their positions.
28% more capital inflows, than outflows
Capital inflows: $30.2M | Capital outflows: $23.5M
23% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 22
0.83% more ownership
Funds ownership: 17.4% → 18.22% (+0.83%)
9% less funds holding
Funds holding: 88 → 80 (-8)
64% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$10.6M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$9.34M |
| 3 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.43M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.22M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
-$8.37M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.27M |
| 3 |
Wolverine Asset Management
Chicago,
Illinois
|
-$2.25M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.44M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.3M |
VGM Hedge Fund Activity: Q1 2019 in Review
80 of the 4,634 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q1 2019, worth a combined $123M — up 13% from $108M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of VGM and 4 opened new positions — a net loss of 7 holders — while 22 trimmed existing stakes and 27 added.
The largest buyer was JP Morgan Chase, adding an estimated $10.6M. The largest seller was Karpus Investment Management, cutting an estimated $8.37M.
- 80 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q1 2019, down from 88 in Q4 2018.
- Funds reported $123M of Invesco Trust Investment Grade Municipals stock for Q1 2019, up 13% quarter-over-quarter.
- 4 funds opened new Invesco Trust Investment Grade Municipals positions in Q1 2019 and 11 closed out, a net change of -7 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q1 2019 was JP Morgan Chase, an estimated $10.6M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q1 2019 was Karpus Investment Management, an estimated $8.37M sold.
Based on aggregated 13F filings for Q1 2019.