Invesco Trust Investment Grade Municipals
VGM
80 hedge funds and large institutions have $143M invested in Invesco Trust Investment Grade Municipals in 2020 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 21 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
3% more funds holding
Funds holding: 78 → 80 (+2)
5% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 21
3% more capital invested
Capital invested by funds: $139M → $143M (+$4.19M)
0.63% less ownership
Funds ownership: 20.57% → 19.95% (-0.63%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
+$2.68M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.26M |
| 3 |
OCM
Orser Capital Management
Southlake,
Texas
|
+$820K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$524K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$487K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7.56M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
-$802K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$738K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$446K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$378K |
VGM Hedge Fund Activity: Q4 2020 in Review
80 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q4 2020, worth a combined $143M — up 3% from $139M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new VGM positions and 8 closed out — a net gain of 2 holders — while 22 added to existing stakes and 21 trimmed.
The largest buyer was Bramshill Investments, adding an estimated $2.68M. The largest seller was Karpus Investment Management, cutting an estimated $7.56M.
- 80 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q4 2020, up from 78 in Q3 2020.
- Funds reported $143M of Invesco Trust Investment Grade Municipals stock for Q4 2020, up 3% quarter-over-quarter.
- 10 funds opened new Invesco Trust Investment Grade Municipals positions in Q4 2020 and 8 closed out, a net change of +2 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q4 2020 was Bramshill Investments, an estimated $2.68M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q4 2020 was Karpus Investment Management, an estimated $7.56M sold.
Based on aggregated 13F filings for Q4 2020.