Invesco Trust Investment Grade Municipals
VGM
84 hedge funds and large institutions have $122M invested in Invesco Trust Investment Grade Municipals in 2020 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 18 increasing their positions, 27 reducing their positions, and 10 closing their positions.
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
6% more funds holding
Funds holding: 79 → 84 (+5)
1.66% more ownership
Funds ownership: 16.98% → 18.64% (+1.7%)
3% more capital invested
Capital invested by funds: $118M → $122M (+$3.09M)
33% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 27
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$16.1M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$5.35M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.03M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$795K |
| 5 |
Morgan Stanley
New York
|
+$448K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$4.72M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.25M |
| 3 |
MSL
Mackay Shields LLC
New York
|
-$2.29M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.54M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$917K |
VGM Hedge Fund Activity: Q1 2020 in Review
84 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q1 2020, worth a combined $122M — up 2.6% from $118M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new VGM positions and 10 closed out — a net gain of 8 holders — while 18 added to existing stakes and 27 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $16.1M. The largest seller was Robinson Capital Management, cutting an estimated $4.72M.
- 84 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q1 2020, up from 79 in Q4 2019.
- Funds reported $122M of Invesco Trust Investment Grade Municipals stock for Q1 2020, up 2.6% quarter-over-quarter.
- 18 funds opened new Invesco Trust Investment Grade Municipals positions in Q1 2020 and 10 closed out, a net change of +8 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q1 2020 was Karpus Investment Management, an estimated $16.1M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q1 2020 was Robinson Capital Management, an estimated $4.72M sold.
Based on aggregated 13F filings for Q1 2020.