Invesco Trust for Investment Grade New York Municipals
VTN
28 hedge funds and large institutions have $18.8M invested in Invesco Trust for Investment Grade New York Municipals in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and 8 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 4
8% more capital invested
Capital invested by funds: $17.5M → $18.8M (+$1.37M)
0% more ownership
Funds ownership: 7.51% → 7.52% (+0%)
15% less funds holding
Funds holding: 33 → 28 (-5)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$2.19M |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$494K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$274K |
| 4 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$231K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$160K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.64M |
| 2 |
Morgan Stanley
New York
|
-$338K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$327K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$230K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$192K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $19K | – | – | – |
|
|
HCM
27
Highlander Capital Management
Short Hills,
New Jersey
| $13K | – | – | – |
|
|
ACA
28
Ackerman Capital Advisors
Dallas,
Texas
| $235 | +$231K | +18,003 | New |
|
|
RCM
29
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$1.64M | -137,445 | Closed |
|
|
CRC
30
Curi RMB Capital
Chicago,
Illinois
| – | -$192K | -16,100 | Closed |
|
|
PGWM
31
Parisi Gray Wealth Management
Mendham,
New Jersey
| – | -$179K | -15,000 | Closed |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$155K | -12,987 | Closed |
|
|
MAFM
33
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
| – | -$146K | -12,228 | Closed |
|
|
HCA
34
Harbour Capital Advisors
Tysons Corner,
Virginia
| – | -$124K | -10,400 | Closed |
|
|
NCM
35
Next Capital Management
New York
| – | -$81K | -6,752 | Closed |
|
|
BAM
36
Bruderman Asset Management
Locust Valley,
New York
| – | -$23K | -1,920 | Closed |
|
VTN Hedge Fund Activity: Q1 2019 in Review
28 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust for Investment Grade New York Municipals (VTN) for Q1 2019, worth a combined $18.8M — up 7.8% from $17.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of VTN and 4 opened new positions — a net loss of 4 holders — while 4 trimmed existing stakes and 9 added.
The largest buyer was Claybrook Capital, opening a new position worth an estimated $2.19M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $1.64M sold.
- 28 institutional investors held Invesco Trust for Investment Grade New York Municipals (VTN) as of Q1 2019, down from 33 in Q4 2018.
- Funds reported $18.8M of Invesco Trust for Investment Grade New York Municipals stock for Q1 2019, up 7.8% quarter-over-quarter.
- 4 funds opened new Invesco Trust for Investment Grade New York Municipals positions in Q1 2019 and 8 closed out, a net change of -4 holders.
- The largest Invesco Trust for Investment Grade New York Municipals buyer in Q1 2019 was Claybrook Capital, an estimated $2.19M added.
- The largest Invesco Trust for Investment Grade New York Municipals seller in Q1 2019 was Robinson Capital Management, an estimated $1.64M sold.
Based on aggregated 13F filings for Q1 2019.