Invesco Trust Investment Grade Municipals
VGM
96 hedge funds and large institutions have $157M invested in Invesco Trust Investment Grade Municipals in 2022 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 12 closing their positions.
75% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 12
28% more capital invested
Capital invested by funds: $122M → $157M (+$34.8M)
8% more funds holding
Funds holding: 89 → 96 (+7)
4.91% more ownership
Funds ownership: 24.07% → 28.98% (+4.9%)
4% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$17M |
| 2 |
Morgan Stanley
New York
|
+$2.51M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
+$2.03M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.93M |
| 5 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$3.44M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.74M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.41M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$591K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$411K |
VGM Hedge Fund Activity: Q4 2022 in Review
96 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q4 2022, worth a combined $157M — up 28% from $122M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new VGM positions and 12 closed out — a net gain of 9 holders — while 27 added to existing stakes and 26 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $17M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $3.44M.
- 96 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q4 2022, up from 89 in Q3 2022.
- Funds reported $157M of Invesco Trust Investment Grade Municipals stock for Q4 2022, up 28% quarter-over-quarter.
- 21 funds opened new Invesco Trust Investment Grade Municipals positions in Q4 2022 and 12 closed out, a net change of +9 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q4 2022 was Karpus Investment Management, an estimated $17M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q4 2022 was Raymond James Financial Services Advisors, an estimated $3.44M sold.
Based on aggregated 13F filings for Q4 2022.