Invesco Trust for Investment Grade New York Municipals
VTN
35 hedge funds and large institutions have $23M invested in Invesco Trust for Investment Grade New York Municipals in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
31% more capital invested
Capital invested by funds: $17.6M → $23M (+$5.44M)
30% more funds holding
Funds holding: 27 → 35 (+8)
3.17% more ownership
Funds ownership: 5.75% → 8.92% (+3.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.43M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$1.05M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$978K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$709K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$656K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$298K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$219K |
| 3 |
HCA
Harbour Capital Advisors
Tysons Corner,
Virginia
|
-$206K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$197K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$165K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Squarepoint
New York
| $174K | +$180K | +13,100 | New |
|
|
MFS
27
MSI Financial Services
Springfield,
Massachusetts
| $163K | +$31.5K | +2,288 | +23% |
|
28
Creative Planning
Overland Park,
Kansas
| $147K | – | – | – |
|
29
LPL Financial
San Diego,
California
| $146K | -$44.1K | -3,200 | -23% |
|
|
FA
30
FDx Advisors
Chicago,
Illinois
| $138K | -$1.76K | -128 | -1% |
|
31
Wells Fargo
San Francisco,
California
| $87K | – | – | – |
|
|
AG
32
Advisor Group
Phoenix,
Arizona
| $33K | +$13.8K | +1,000 | +67% |
|
|
FWM
33
Focused Wealth Management
Newburgh,
New York
| $25K | – | – | – |
|
34
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $10K | – | – | – |
|
|
NFG
35
Next Financial Group
Houston,
Texas
| $6K | +$6.2K | +450 | New |
|
|
36
Citadel Advisors
Miami,
Florida
| – | -$219K | -14,247 | Closed |
|
|
HCA
37
Harbour Capital Advisors
Tysons Corner,
Virginia
| – | -$206K | -13,400 | Closed |
|
|
KA
38
Klingman & Associates
New York
| – | -$5K | -300 | Closed |
|
|
TRCT
39
Tower Research Capital (TRC)
New York
| – | -$3K | -199 | Closed |
|
VTN Hedge Fund Activity: Q4 2016 in Review
35 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust for Investment Grade New York Municipals (VTN) for Q4 2016, worth a combined $23M — up 31% from $17.6M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new VTN positions and 4 closed out — a net gain of 9 holders — while 9 added to existing stakes and 5 trimmed.
The largest buyer was Landscape Capital Management, opening a new position worth an estimated $1.43M. The largest seller was Royal Bank of Canada, cutting an estimated $298K.
- 35 institutional investors held Invesco Trust for Investment Grade New York Municipals (VTN) as of Q4 2016, up from 27 in Q3 2016.
- Funds reported $23M of Invesco Trust for Investment Grade New York Municipals stock for Q4 2016, up 31% quarter-over-quarter.
- 13 funds opened new Invesco Trust for Investment Grade New York Municipals positions in Q4 2016 and 4 closed out, a net change of +9 holders.
- The largest Invesco Trust for Investment Grade New York Municipals buyer in Q4 2016 was Landscape Capital Management, an estimated $1.43M added.
- The largest Invesco Trust for Investment Grade New York Municipals seller in Q4 2016 was Royal Bank of Canada, an estimated $298K sold.
Based on aggregated 13F filings for Q4 2016.