Invesco Trust for Investment Grade New York Municipals
VTN
28 hedge funds and large institutions have $19.9M invested in Invesco Trust for Investment Grade New York Municipals in 2017 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 2 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
0.75% less ownership
Funds ownership: 8.23% → 7.48% (-0.75%)
3% less funds holding
Funds holding: 29 → 28 (-1)
8% less capital invested
Capital invested by funds: $21.6M → $19.9M (-$1.68M)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$462K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$214K |
| 3 |
FA
FDx Advisors
Chicago,
Illinois
|
+$142K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$74.3K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$71.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.38M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$907K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$399K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$203K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$157K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AG
26
Advisor Group
Phoenix,
Arizona
| $47K | +$13.1K | +964 | +39% |
|
|
FWM
27
Focused Wealth Management
Newburgh,
New York
| $26K | – | – | – |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $10K | – | – | – |
|
|
KIM
29
Karpus Investment Management
Pittsford,
New York
| – | -$399K | -29,600 | Closed |
|
|
NFG
30
Next Financial Group
Houston,
Texas
| – | -$6K | -450 | Closed |
|
VTN Hedge Fund Activity: Q2 2017 in Review
28 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust for Investment Grade New York Municipals (VTN) for Q2 2017, worth a combined $19.9M — down 7.8% from $21.6M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of VTN and 1 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 10 added.
The largest buyer was Royal Bank of Canada, adding an estimated $462K. The largest seller was Landscape Capital Management, cutting an estimated $1.38M.
- 28 institutional investors held Invesco Trust for Investment Grade New York Municipals (VTN) as of Q2 2017, down from 29 in Q1 2017.
- Funds reported $19.9M of Invesco Trust for Investment Grade New York Municipals stock for Q2 2017, down 7.8% quarter-over-quarter.
- 1 fund opened new Invesco Trust for Investment Grade New York Municipals positions in Q2 2017 and 2 closed out, a net change of -1 holder.
- The largest Invesco Trust for Investment Grade New York Municipals buyer in Q2 2017 was Royal Bank of Canada, an estimated $462K added.
- The largest Invesco Trust for Investment Grade New York Municipals seller in Q2 2017 was Landscape Capital Management, an estimated $1.38M sold.
Based on aggregated 13F filings for Q2 2017.