Invesco Trust for Investment Grade New York Municipals
VTN
29 hedge funds and large institutions have $19.2M invested in Invesco Trust for Investment Grade New York Municipals in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
4% more funds holding
Funds holding: 28 → 29 (+1)
0.39% less ownership
Funds ownership: 7.48% → 7.09% (-0.39%)
4% less capital invested
Capital invested by funds: $19.9M → $19.2M (-$759K)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$397K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$276K |
| 3 |
LCM
Laurion Capital Management
New York
|
+$264K |
| 4 |
VF
Virtu Financial
New York
|
+$237K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$861K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$762K |
| 3 |
HK
Horizon Kinetics
New York
|
-$353K |
| 4 |
SRC
Shufro Rose & Co
New York
|
-$246K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$233K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| $139K | +$140K | +10,132 | New |
|
|
AG
27
Advisor Group
Phoenix,
Arizona
| $104K | +$57.7K | +4,183 | +121% |
|
28
Wells Fargo
San Francisco,
California
| $62K | -$8.98K | -651 | -13% |
|
|
FWM
29
Focused Wealth Management
Newburgh,
New York
| $26K | – | – | – |
|
|
HCM
30
Highlander Capital Management
Short Hills,
New Jersey
| $14K | +$14.2K | +1,031 | New |
|
|
WAM
31
Wolverine Asset Management
Chicago,
Illinois
| – | -$762K | -55,740 | Closed |
|
|
CRC
32
Curi RMB Capital
Chicago,
Illinois
| – | -$233K | -17,019 | Closed |
|
33
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$10K | -800 | Closed |
|
VTN Hedge Fund Activity: Q3 2017 in Review
29 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 Q3 2017, worth a combined $19.2M — down 3.8% from $19.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new VTN positions and 4 closed out — a net gain of 1 holder — while 8 added to existing stakes and 9 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $397K. The largest seller was Morgan Stanley, cutting an estimated $861K.
- 29 institutional investors held Invesco Trust for Investment Grade New York Municipals (VTN) as of Q3 2017, up from 28 in Q2 2017.
- Funds reported $19.2M of Invesco Trust for Investment Grade New York Municipals stock for Q3 2017, down 3.8% quarter-over-quarter.
- 5 funds opened new Invesco Trust for Investment Grade New York Municipals positions in Q3 2017 and 4 closed out, a net change of +1 holder.
- The largest Invesco Trust for Investment Grade New York Municipals buyer in Q3 2017 was Guggenheim Capital, an estimated $397K added.
- The largest Invesco Trust for Investment Grade New York Municipals seller in Q3 2017 was Morgan Stanley, an estimated $861K sold.
Based on aggregated 13F filings for Q3 2017.