Invesco Trust Investment Grade Municipals
VGM
108 hedge funds and large institutions have $206M invested in Invesco Trust Investment Grade Municipals in 2023 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 30 increasing their positions, 21 reducing their positions, and 11 closing their positions.
218% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 11
43% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 21
35% more capital invested
Capital invested by funds: $152M → $206M (+$54M)
27% more funds holding
Funds holding: 85 → 108 (+23)
5.42% more ownership
Funds ownership: 33.04% → 38.46% (+5.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$9.39M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.69M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$3.21M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.22M |
| 5 |
LPL Financial
San Diego,
California
|
+$1.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.74M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.01M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$672K |
| 5 |
SCM
Saba Capital Management
New York
|
-$664K |
VGM Hedge Fund Activity: Q4 2023 in Review
108 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q4 2023, worth a combined $206M — up 35% from $152M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new VGM positions and 11 closed out — a net gain of 24 holders — while 30 added to existing stakes and 21 trimmed.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $9.39M. The largest seller was Morgan Stanley, cutting an estimated $4.74M.
- 108 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q4 2023, up from 85 in Q3 2023.
- Funds reported $206M of Invesco Trust Investment Grade Municipals stock for Q4 2023, up 35% quarter-over-quarter.
- 35 funds opened new Invesco Trust Investment Grade Municipals positions in Q4 2023 and 11 closed out, a net change of +24 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q4 2023 was Fiera Capital (Canada), an estimated $9.39M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q4 2023 was Morgan Stanley, an estimated $4.74M sold.
Based on aggregated 13F filings for Q4 2023.