Invesco Trust Investment Grade Municipals
VGM
79 hedge funds and large institutions have $133M invested in Invesco Trust Investment Grade Municipals in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 19 reducing their positions, and 13 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 19
10% more capital invested
Capital invested by funds: $122M → $133M (+$11.7M)
1.76% more ownership
Funds ownership: 18.64% → 20.39% (+1.8%)
6% less funds holding
Funds holding: 84 → 79 (-5)
38% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
+$6.64M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.71M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.28M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.14M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$835K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.09M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.14M |
| 3 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$683K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$536K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$393K |
VGM Hedge Fund Activity: Q2 2020 in Review
79 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q2 2020, worth a combined $133M — up 9.7% from $122M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of VGM and 8 opened new positions — a net loss of 5 holders — while 19 trimmed existing stakes and 23 added.
The largest buyer was Bramshill Investments, adding an estimated $6.64M. The largest seller was Karpus Investment Management, cutting an estimated $3.09M.
- 79 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q2 2020, down from 84 in Q1 2020.
- Funds reported $133M of Invesco Trust Investment Grade Municipals stock for Q2 2020, up 9.7% quarter-over-quarter.
- 8 funds opened new Invesco Trust Investment Grade Municipals positions in Q2 2020 and 13 closed out, a net change of -5 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q2 2020 was Bramshill Investments, an estimated $6.64M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q2 2020 was Karpus Investment Management, an estimated $3.09M sold.
Based on aggregated 13F filings for Q2 2020.