Invesco Trust Investment Grade Municipals
VGM
100 hedge funds and large institutions have $218M invested in Invesco Trust Investment Grade Municipals in 2024 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 36 increasing their positions, 30 reducing their positions, and 19 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 30
6% more capital invested
Capital invested by funds: $206M → $218M (+$12.1M)
1.64% more ownership
Funds ownership: 38.46% → 40.1% (+1.6%)
7% less funds holding
Funds holding: 108 → 100 (-8)
42% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 19
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$24.2M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.54M |
| 3 |
Cerity Partners
New York
|
+$3.47M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.89M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
-$26.6M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.3M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$923K |
| 4 |
BF
BOK Financial
Tulsa,
Oklahoma
|
-$589K |
| 5 |
Rockefeller Capital Management
New York
|
-$518K |
VGM Hedge Fund Activity: Q1 2024 in Review
100 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q1 2024, worth a combined $218M — up 5.8% from $206M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of VGM and 11 opened new positions — a net loss of 8 holders — while 30 trimmed existing stakes and 36 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $24.2M. The largest seller was Bramshill Investments, exiting entirely with an estimated $26.6M sold.
- 100 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q1 2024, down from 108 in Q4 2023.
- Funds reported $218M of Invesco Trust Investment Grade Municipals stock for Q1 2024, up 5.8% quarter-over-quarter.
- 11 funds opened new Invesco Trust Investment Grade Municipals positions in Q1 2024 and 19 closed out, a net change of -8 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q1 2024 was Saba Capital Management, an estimated $24.2M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q1 2024 was Bramshill Investments, an estimated $26.6M sold.
Based on aggregated 13F filings for Q1 2024.