Invesco Trust Investment Grade Municipals
VGM
79 hedge funds and large institutions have $118M invested in Invesco Trust Investment Grade Municipals in 2019 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 23 reducing their positions, and 12 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 23
0.02% less ownership
Funds ownership: 17% → 16.98% (-0.02%)
0% less capital invested
Capital invested by funds: $119M → $118M (-$329K)
5% less funds holding
Funds holding: 83 → 79 (-4)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.64M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$586K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$583K |
| 4 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$530K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$519K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.19M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.68M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$673K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$532K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$405K |
VGM Hedge Fund Activity: Q4 2019 in Review
79 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q4 2019, worth a combined $118M — down 0.28% from $119M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of VGM and 9 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 23 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $2.64M. The largest seller was Karpus Investment Management, cutting an estimated $2.19M.
- 79 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q4 2019, down from 83 in Q3 2019.
- Funds reported $118M of Invesco Trust Investment Grade Municipals stock for Q4 2019, down 0.28% quarter-over-quarter.
- 9 funds opened new Invesco Trust Investment Grade Municipals positions in Q4 2019 and 12 closed out, a net change of -3 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q4 2019 was Parametric Portfolio Associates, an estimated $2.64M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q4 2019 was Karpus Investment Management, an estimated $2.19M sold.
Based on aggregated 13F filings for Q4 2019.