Invesco Trust for Investment Grade New York Municipals
VTN
31 hedge funds and large institutions have $30.6M invested in Invesco Trust for Investment Grade New York Municipals in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 6 reducing their positions, and 7 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 6
14% more capital invested
Capital invested by funds: $26.8M → $30.6M (+$3.81M)
1.4% more ownership
Funds ownership: 11.31% → 12.71% (+1.4%)
11% less funds holding
Funds holding: 35 → 31 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$2.86M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$560K |
| 3 |
SMH
Sanders Morris Harris
Houston,
Texas
|
+$363K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$280K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$225K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$509K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$219K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$119K |
| 4 |
Morgan Stanley
New York
|
-$99.2K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$81.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wells Fargo
San Francisco,
California
| $107K | +$18.2K | +1,455 | +20% |
|
27
Citigroup
New York
| $78K | +$388 | +31 | +0.5% |
|
|
EP
28
Eudaimonia Partners
Winchester,
Tennessee
| $60K | +$50 | +4 | +0.1% |
|
|
LWCFA
29
Loring Wolcott & Coolidge Fiduciary Advisors
Boston,
Massachusetts
| $53K | – | – | – |
|
|
FWM
30
Focused Wealth Management
Newburgh,
New York
| $14K | +$213 | +17 | +2% |
|
|
HCM
31
Highlander Capital Management
Short Hills,
New Jersey
| $13K | – | – | – |
|
|
CRC
32
Curi RMB Capital
Chicago,
Illinois
| – | -$509K | -41,771 | Closed |
|
|
LCM
33
Landscape Capital Management
Englewood,
New Jersey
| – | -$219K | -17,962 | Closed |
|
|
EWM
34
Edge Wealth Management
New York
| – | -$41K | -3,400 | Closed |
|
|
CAN
35
Cetera Advisor Networks
El Segundo,
California
| – | -$38K | -3,100 | Closed |
|
|
SPIA
36
Steward Partners Investment Advisory
New York
| – | -$24K | -2,000 | Closed |
|
|
PA
37
Procyon Advisors
Shelton,
Connecticut
| – | -$18K | -1,486 | Closed |
|
|
PAG
38
Private Advisor Group
Morristown,
New Jersey
| – | -$12K | -963 | Closed |
|
VTN Hedge Fund Activity: Q3 2020 in Review
31 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust for Investment Grade New York Municipals (VTN) for Q3 2020, worth a combined $30.6M — up 14% from $26.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of VTN and 3 opened new positions — a net loss of 4 holders — while 6 trimmed existing stakes and 12 added.
The largest buyer was Tortoise Investment Management, opening a new position worth an estimated $2.86M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $509K sold.
- 31 institutional investors held Invesco Trust for Investment Grade New York Municipals (VTN) as of Q3 2020, down from 35 in Q2 2020.
- Funds reported $30.6M of Invesco Trust for Investment Grade New York Municipals stock for Q3 2020, up 14% quarter-over-quarter.
- 3 funds opened new Invesco Trust for Investment Grade New York Municipals positions in Q3 2020 and 7 closed out, a net change of -4 holders.
- The largest Invesco Trust for Investment Grade New York Municipals buyer in Q3 2020 was Tortoise Investment Management, an estimated $2.86M added.
- The largest Invesco Trust for Investment Grade New York Municipals seller in Q3 2020 was Curi RMB Capital, an estimated $509K sold.
Based on aggregated 13F filings for Q3 2020.