Invesco Trust Investment Grade Municipals
VGM
109 hedge funds and large institutions have $117M invested in Invesco Trust Investment Grade Municipals in 2026 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 35 increasing their positions, 28 reducing their positions, and 11 closing their positions.
73% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 11
25% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 28
7% more funds holding
Funds holding: 102 → 109 (+7)
2.13% less ownership
Funds ownership: 23.92% → 21.79% (-2.1%)
13% less capital invested
Capital invested by funds: $135M → $117M (-$17.9M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$4.95M |
| 2 |
NEWAS
N.E.W. Advisory Services
De Pere,
Wisconsin
|
+$1.09M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$921K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$879K |
| 5 |
HI
Harbour Investments
Madison,
Wisconsin
|
+$754K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$12.1M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.78M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
-$2.67M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.7M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$1.45M |
VGM Hedge Fund Activity: Q1 2026 in Review
109 of the 8,184 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q1 2026, worth a combined $117M — down 13% from $135M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new VGM positions and 11 closed out — a net gain of 8 holders — while 35 added to existing stakes and 28 trimmed.
The largest buyer was Hennion & Walsh Asset Management, adding an estimated $4.95M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $12.1M sold.
- 109 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q1 2026, up from 102 in Q4 2025.
- Funds reported $117M of Invesco Trust Investment Grade Municipals stock for Q1 2026, down 13% quarter-over-quarter.
- 19 funds opened new Invesco Trust Investment Grade Municipals positions in Q1 2026 and 11 closed out, a net change of +8 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q1 2026 was Hennion & Walsh Asset Management, an estimated $4.95M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q1 2026 was Robinson Capital Management, an estimated $12.1M sold.
Based on aggregated 13F filings for Q1 2026.