Invesco Trust Investment Grade Municipals
VGM
89 hedge funds and large institutions have $160M invested in Invesco Trust Investment Grade Municipals in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 32 increasing their positions, 23 reducing their positions, and 14 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 23
2% more capital invested
Capital invested by funds: $157M → $160M (+$2.46M)
0.63% more ownership
Funds ownership: 28.98% → 29.61% (+0.63%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 96 → 89 (-7)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$10M |
| 2 |
Rockefeller Capital Management
New York
|
+$1.95M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.34M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$915K |
| 5 |
LPL Financial
San Diego,
California
|
+$644K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$6.57M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.41M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$842K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$753K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$589K |
VGM Hedge Fund Activity: Q1 2023 in Review
89 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q1 2023, worth a combined $160M — up 1.6% from $157M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of VGM and 9 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 32 added.
The largest buyer was Sit Investment Associates, adding an estimated $10M. The largest seller was Guggenheim Capital, cutting an estimated $6.57M.
- 89 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q1 2023, down from 96 in Q4 2022.
- Funds reported $160M of Invesco Trust Investment Grade Municipals stock for Q1 2023, up 1.6% quarter-over-quarter.
- 9 funds opened new Invesco Trust Investment Grade Municipals positions in Q1 2023 and 14 closed out, a net change of -5 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q1 2023 was Sit Investment Associates, an estimated $10M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q1 2023 was Guggenheim Capital, an estimated $6.57M sold.
Based on aggregated 13F filings for Q1 2023.