Invesco Trust Investment Grade Municipals
VGM
78 hedge funds and large institutions have $143M invested in Invesco Trust Investment Grade Municipals in 2021 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 21 reducing their positions, and 9 closing their positions.
1% more capital invested
Capital invested by funds: $142M → $143M (+$1.05M)
0.61% less ownership
Funds ownership: 19.4% → 18.79% (-0.61%)
10% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 21
3% less funds holding
Funds holding: 80 → 78 (-2)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.6M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.03M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$549K |
| 4 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$494K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$493K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.38M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.89M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.01M |
| 4 |
MSL
Mackay Shields LLC
New York
|
-$808K |
| 5 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$734K |
VGM Hedge Fund Activity: Q2 2021 in Review
78 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q2 2021, worth a combined $143M — up 0.74% from $142M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of VGM and 8 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 19 added.
The largest buyer was Bank of America, adding an estimated $1.6M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.38M.
- 78 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q2 2021, down from 80 in Q1 2021.
- Funds reported $143M of Invesco Trust Investment Grade Municipals stock for Q2 2021, up 0.74% quarter-over-quarter.
- 8 funds opened new Invesco Trust Investment Grade Municipals positions in Q2 2021 and 9 closed out, a net change of -1 holder.
- The largest Invesco Trust Investment Grade Municipals buyer in Q2 2021 was Bank of America, an estimated $1.6M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q2 2021 was Rivernorth Capital Management, an estimated $3.38M sold.
Based on aggregated 13F filings for Q2 2021.