Invesco Trust Investment Grade Municipals
VGM
85 hedge funds and large institutions have $152M invested in Invesco Trust Investment Grade Municipals in 2023 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 32 increasing their positions, 26 reducing their positions, and 13 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 26
1.83% more ownership
Funds ownership: 31.21% → 33.04% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 91 → 85 (-6)
7% less capital invested
Capital invested by funds: $164M → $152M (-$12.1M)
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.11M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.52M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.15M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.91M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$1.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.11M |
| 2 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$1.46M |
| 3 |
BlackRock
New York
|
-$915K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$447K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$339K |
VGM Hedge Fund Activity: Q3 2023 in Review
85 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q3 2023, worth a combined $152M — down 7.4% from $164M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of VGM and 9 opened new positions — a net loss of 4 holders — while 26 trimmed existing stakes and 32 added.
The largest buyer was Karpus Investment Management, adding an estimated $3.11M. The largest seller was Sit Investment Associates, cutting an estimated $3.11M.
- 85 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q3 2023, down from 91 in Q2 2023.
- Funds reported $152M of Invesco Trust Investment Grade Municipals stock for Q3 2023, down 7.4% quarter-over-quarter.
- 9 funds opened new Invesco Trust Investment Grade Municipals positions in Q3 2023 and 13 closed out, a net change of -4 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q3 2023 was Karpus Investment Management, an estimated $3.11M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q3 2023 was Sit Investment Associates, an estimated $3.11M sold.
Based on aggregated 13F filings for Q3 2023.