Invesco Trust for Investment Grade New York Municipals
VTN
33 hedge funds and large institutions have $22M invested in Invesco Trust for Investment Grade New York Municipals in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
24% more capital invested
Capital invested by funds: $17.7M → $22M (+$4.25M)
14% more funds holding
Funds holding: 29 → 33 (+4)
2.65% more ownership
Funds ownership: 6.66% → 9.31% (+2.7%)
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.08M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$627K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$559K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$422K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$372K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$306K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$238K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$205K |
| 4 |
ICA
Infrastructure Capital Advisors
New York
|
-$190K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$70.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EP
26
Eudaimonia Partners
Winchester,
Tennessee
| $59K | +$53 | +4 | +0.1% |
|
27
Citigroup
New York
| $59K | +$19.1K | +1,435 | +42% |
|
|
LWCFA
28
Loring Wolcott & Coolidge Fiduciary Advisors
Boston,
Massachusetts
| $52K | – | – | – |
|
29
Wells Fargo
San Francisco,
California
| $39K | -$4.33K | -326 | -9% |
|
|
PA
30
Procyon Advisors
Shelton,
Connecticut
| $18K | – | – | – |
|
|
SPIA
31
Steward Partners Investment Advisory
New York
| $18K | +$9.3K | +700 | +88% |
|
|
FWM
32
Focused Wealth Management
Newburgh,
New York
| $13K | +$146 | +11 | +1% |
|
|
HCM
33
Highlander Capital Management
Short Hills,
New Jersey
| $12K | – | – | – |
|
|
ICA
34
Infrastructure Capital Advisors
New York
| – | -$190K | -13,963 | Closed |
|
VTN Hedge Fund Activity: Q1 2020 in Review
33 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust for Investment Grade New York Municipals (VTN) for Q1 2020, worth a combined $22M — up 24% from $17.7M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new VTN positions and 3 closed out — a net gain of 6 holders — while 7 added to existing stakes and 8 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $5.08M. The largest seller was Bank of America, cutting an estimated $306K.
- 33 institutional investors held Invesco Trust for Investment Grade New York Municipals (VTN) as of Q1 2020, up from 29 in Q4 2019.
- Funds reported $22M of Invesco Trust for Investment Grade New York Municipals stock for Q1 2020, up 24% quarter-over-quarter.
- 9 funds opened new Invesco Trust for Investment Grade New York Municipals positions in Q1 2020 and 3 closed out, a net change of +6 holders.
- The largest Invesco Trust for Investment Grade New York Municipals buyer in Q1 2020 was Karpus Investment Management, an estimated $5.08M added.
- The largest Invesco Trust for Investment Grade New York Municipals seller in Q1 2020 was Bank of America, an estimated $306K sold.
Based on aggregated 13F filings for Q1 2020.