Invesco Trust Investment Grade Municipals
VGM
108 hedge funds and large institutions have $142M invested in Invesco Trust Investment Grade Municipals in 2025 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 38 increasing their positions, 25 reducing their positions, and 14 closing their positions.
52% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 25
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.61% less ownership
Funds ownership: 29.51% → 25.91% (-3.6%)
6% less funds holding
Funds holding: 115 → 108 (-7)
6% less capital invested
Capital invested by funds: $152M → $142M (-$9.71M)
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$5.66M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$924K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$804K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$782K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$600K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$17.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.8M |
| 3 |
LA
LexAurum Advisors
Overland Park,
Kansas
|
-$985K |
| 4 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
-$922K |
| 5 |
RIL
Rothschild Investment LLC
Chicago,
Illinois
|
-$799K |
VGM Hedge Fund Activity: Q3 2025 in Review
108 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q3 2025, worth a combined $142M — down 6.4% from $152M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of VGM and 8 opened new positions — a net loss of 6 holders — while 25 trimmed existing stakes and 38 added.
The largest buyer was LPL Financial, adding an estimated $5.66M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $17.3M sold.
- 108 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q3 2025, down from 115 in Q2 2025.
- Funds reported $142M of Invesco Trust Investment Grade Municipals stock for Q3 2025, down 6.4% quarter-over-quarter.
- 8 funds opened new Invesco Trust Investment Grade Municipals positions in Q3 2025 and 14 closed out, a net change of -6 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q3 2025 was LPL Financial, an estimated $5.66M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q3 2025 was Karpus Investment Management, an estimated $17.3M sold.
Based on aggregated 13F filings for Q3 2025.