Invesco Trust Investment Grade Municipals
VGM
103 hedge funds and large institutions have $215M invested in Invesco Trust Investment Grade Municipals in 2024 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 38 increasing their positions, 28 reducing their positions, and 9 closing their positions.
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
36% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 28
2% more funds holding
Funds holding: 101 → 103 (+2)
3.35% less ownership
Funds ownership: 40.84% → 37.48% (-3.4%)
6% less capital invested
Capital invested by funds: $227M → $215M (-$12.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3.01M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.76M |
| 3 |
MSL
Mackay Shields LLC
New York
|
+$1.75M |
| 4 |
Pathstone Holdings
Englewood,
New Jersey
|
+$1.7M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$956K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$10.7M |
| 2 |
SCM
Saba Capital Management
New York
|
-$6.28M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$6.11M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.77M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.57M |
VGM Hedge Fund Activity: Q3 2024 in Review
103 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q3 2024, worth a combined $215M — down 5.7% from $227M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new VGM positions and 9 closed out — a net gain of 4 holders — while 38 added to existing stakes and 28 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $3.01M. The largest seller was Karpus Investment Management, cutting an estimated $10.7M.
- 103 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q3 2024, up from 101 in Q2 2024.
- Funds reported $215M of Invesco Trust Investment Grade Municipals stock for Q3 2024, down 5.7% quarter-over-quarter.
- 13 funds opened new Invesco Trust Investment Grade Municipals positions in Q3 2024 and 9 closed out, a net change of +4 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q3 2024 was Robinson Capital Management, an estimated $3.01M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q3 2024 was Karpus Investment Management, an estimated $10.7M sold.
Based on aggregated 13F filings for Q3 2024.