Invesco Trust Investment Grade Municipals
VGM
78 hedge funds and large institutions have $118M invested in Invesco Trust Investment Grade Municipals in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 28 increasing their positions, 24 reducing their positions, and 8 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 24
4% less capital invested
Capital invested by funds: $123M → $118M (-$4.33M)
1.02% less ownership
Funds ownership: 18.22% → 17.2% (-1%)
3% less funds holding
Funds holding: 80 → 78 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.52M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.45M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.38M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.38M |
| 5 |
Morgan Stanley
New York
|
+$869K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$10.8M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.73M |
| 3 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
-$1.44M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$919K |
| 5 |
Cohen & Steers
New York
|
-$593K |
VGM Hedge Fund Activity: Q2 2019 in Review
78 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q2 2019, worth a combined $118M — down 3.5% from $123M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of VGM and 6 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 28 added.
The largest buyer was Bramshill Investments, adding an estimated $1.52M. The largest seller was JP Morgan Chase, cutting an estimated $10.8M.
- 78 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q2 2019, down from 80 in Q1 2019.
- Funds reported $118M of Invesco Trust Investment Grade Municipals stock for Q2 2019, down 3.5% quarter-over-quarter.
- 6 funds opened new Invesco Trust Investment Grade Municipals positions in Q2 2019 and 8 closed out, a net change of -2 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q2 2019 was Bramshill Investments, an estimated $1.52M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q2 2019 was JP Morgan Chase, an estimated $10.8M sold.
Based on aggregated 13F filings for Q2 2019.