Invesco Trust Investment Grade Municipals
VGM
83 hedge funds and large institutions have $119M invested in Invesco Trust Investment Grade Municipals in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 16 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
69% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 16
6% more funds holding
Funds holding: 78 → 83 (+5)
0% more capital invested
Capital invested by funds: $118M → $119M (+$501K)
0.2% less ownership
Funds ownership: 17.2% → 17% (-0.2%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$13.7M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$9.83M |
| 3 |
MSL
Mackay Shields LLC
New York
|
+$4.61M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$909K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$568K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
-$20.4M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$8.87M |
| 3 |
Morgan Stanley
New York
|
-$1.45M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.03M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$477K |
VGM Hedge Fund Activity: Q3 2019 in Review
83 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q3 2019, worth a combined $119M — up 0.42% from $118M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new VGM positions and 7 closed out — a net gain of 5 holders — while 27 added to existing stakes and 16 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $13.7M. The largest seller was Bramshill Investments, exiting entirely with an estimated $20.4M sold.
- 83 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q3 2019, up from 78 in Q2 2019.
- Funds reported $119M of Invesco Trust Investment Grade Municipals stock for Q3 2019, up 0.42% quarter-over-quarter.
- 12 funds opened new Invesco Trust Investment Grade Municipals positions in Q3 2019 and 7 closed out, a net change of +5 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q3 2019 was Rivernorth Capital Management, an estimated $13.7M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q3 2019 was Bramshill Investments, an estimated $20.4M sold.
Based on aggregated 13F filings for Q3 2019.