Invesco Trust Investment Grade Municipals
VGM
91 hedge funds and large institutions have $164M invested in Invesco Trust Investment Grade Municipals in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 33 increasing their positions, 19 reducing their positions, and 8 closing their positions.
74% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 19
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
2% more funds holding
Funds holding: 89 → 91 (+2)
1.6% more ownership
Funds ownership: 29.61% → 31.21% (+1.6%)
3% more capital invested
Capital invested by funds: $160M → $164M (+$4.79M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.63M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.47M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.07M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$897K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$880K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$480K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$340K |
| 3 |
Morgan Stanley
New York
|
-$327K |
| 4 |
ECG
Edge Capital Group
Atlanta,
Georgia
|
-$275K |
| 5 |
Walleye Capital
New York
|
-$233K |
VGM Hedge Fund Activity: Q2 2023 in Review
91 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q2 2023, worth a combined $164M — up 3% from $160M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new VGM positions and 8 closed out — a net gain of 2 holders — while 33 added to existing stakes and 19 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $3.63M. The largest seller was Bank of America, cutting an estimated $480K.
- 91 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q2 2023, up from 89 in Q1 2023.
- Funds reported $164M of Invesco Trust Investment Grade Municipals stock for Q2 2023, up 3% quarter-over-quarter.
- 10 funds opened new Invesco Trust Investment Grade Municipals positions in Q2 2023 and 8 closed out, a net change of +2 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q2 2023 was Rivernorth Capital Management, an estimated $3.63M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q2 2023 was Bank of America, an estimated $480K sold.
Based on aggregated 13F filings for Q2 2023.