Invesco Trust for Investment Grade New York Municipals
VTN
29 hedge funds and large institutions have $21.6M invested in Invesco Trust for Investment Grade New York Municipals in 2017 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 6 closing their positions.
0.69% less ownership
Funds ownership: 8.92% → 8.23% (-0.69%)
6% less capital invested
Capital invested by funds: $23M → $21.6M (-$1.46M)
17% less funds holding
Funds holding: 35 → 29 (-6)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
83% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$396K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$260K |
| 3 |
Morgan Stanley
New York
|
+$219K |
| 4 |
HCA
Harbour Capital Advisors
Tysons Corner,
Virginia
|
+$180K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$52.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$1.01M |
| 2 |
AGM
Alpine Global Management
New York
|
-$421K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$301K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$229K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$218K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AG
26
Advisor Group
Phoenix,
Arizona
| $33K | – | – | – |
|
|
FWM
27
Focused Wealth Management
Newburgh,
New York
| $26K | – | – | – |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $10K | – | – | – |
|
|
NFG
29
Next Financial Group
Houston,
Texas
| $6K | – | – | – |
|
|
LCM
30
Laurion Capital Management
New York
| – | -$1.01M | -76,164 | Closed |
|
|
AGM
31
Alpine Global Management
New York
| – | -$421K | -31,725 | Closed |
|
|
WAM
32
Weiss Asset Management
Boston,
Massachusetts
| – | -$218K | -16,407 | Closed |
|
33
Squarepoint
New York
| – | -$174K | -13,100 | Closed |
|
34
LPL Financial
San Diego,
California
| – | -$146K | -10,937 | Closed |
|
|
FA
35
FDx Advisors
Chicago,
Illinois
| – | -$138K | -10,415 | Closed |
|
VTN Hedge Fund Activity: Q1 2017 in Review
29 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust for Investment Grade New York Municipals (VTN) for Q1 2017, worth a combined $21.6M — down 6.3% from $23M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of VTN and 1 opened new positions — a net loss of 5 holders — while 8 trimmed existing stakes and 6 added.
The largest buyer was Landscape Capital Management, adding an estimated $396K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.01M sold.
- 29 institutional investors held Invesco Trust for Investment Grade New York Municipals (VTN) as of Q1 2017, down from 35 in Q4 2016.
- Funds reported $21.6M of Invesco Trust for Investment Grade New York Municipals stock for Q1 2017, down 6.3% quarter-over-quarter.
- 1 fund opened new Invesco Trust for Investment Grade New York Municipals positions in Q1 2017 and 6 closed out, a net change of -5 holders.
- The largest Invesco Trust for Investment Grade New York Municipals buyer in Q1 2017 was Landscape Capital Management, an estimated $396K added.
- The largest Invesco Trust for Investment Grade New York Municipals seller in Q1 2017 was Laurion Capital Management, an estimated $1.01M sold.
Based on aggregated 13F filings for Q1 2017.