Invesco Trust for Investment Grade New York Municipals
VTN
36 hedge funds and large institutions have $38.6M invested in Invesco Trust for Investment Grade New York Municipals in 2020 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 0 closing their positions.
26% more capital invested
Capital invested by funds: $30.6M → $38.6M (+$7.97M)
16% more funds holding
Funds holding: 31 → 36 (+5)
2.48% more ownership
Funds ownership: 12.71% → 15.19% (+2.5%)
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.13M |
| 2 |
SCM
Saba Capital Management
New York
|
+$2.76M |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$598K |
| 4 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
+$317K |
| 5 |
PGFC
Peapack-Gladstone Financial Corp
Bedminster,
New Jersey
|
+$269K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$461K |
| 2 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$327K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$278K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$261K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$92K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EFS
26
Essex Financial Services
Essex,
Connecticut
| $183K | – | – | – |
|
27
Creative Planning
Overland Park,
Kansas
| $145K | – | – | – |
|
|
HKAM
28
Horizon Kinetics Asset Management
New York
| $136K | – | – | – |
|
|
29
UBS Group
Zurich,
Switzerland
| $123K | -$92K | -7,398 | -44% |
|
30
Rockefeller Capital Management
New York
| $90K | +$86.6K | +6,964 | New |
|
31
Citigroup
New York
| $82K | +$398 | +32 | +0.5% |
|
32
Wells Fargo
San Francisco,
California
| $79K | -$32.9K | -2,650 | -31% |
|
|
EP
33
Eudaimonia Partners
Winchester,
Tennessee
| $64K | +$37 | +3 | +0.1% |
|
|
LWCFA
34
Loring Wolcott & Coolidge Fiduciary Advisors
Boston,
Massachusetts
| $56K | – | – | – |
|
|
FWM
35
Focused Wealth Management
Newburgh,
New York
| $15K | +$149 | +12 | +1% |
|
|
HCM
36
Highlander Capital Management
Short Hills,
New Jersey
| $13K | – | – | – |
|
VTN Hedge Fund Activity: Q4 2020 in Review
36 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust for Investment Grade New York Municipals (VTN) for Q4 2020, worth a combined $38.6M — up 26% from $30.6M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new VTN positions and 0 closed out — a net gain of 5 holders — while 8 added to existing stakes and 11 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $3.13M. The largest seller was Wolverine Asset Management, cutting an estimated $461K.
- 36 institutional investors held Invesco Trust for Investment Grade New York Municipals (VTN) as of Q4 2020, up from 31 in Q3 2020.
- Funds reported $38.6M of Invesco Trust for Investment Grade New York Municipals stock for Q4 2020, up 26% quarter-over-quarter.
- 5 funds opened new Invesco Trust for Investment Grade New York Municipals positions in Q4 2020 and 0 closed out, a net change of +5 holders.
- The largest Invesco Trust for Investment Grade New York Municipals buyer in Q4 2020 was Karpus Investment Management, an estimated $3.13M added.
- The largest Invesco Trust for Investment Grade New York Municipals seller in Q4 2020 was Wolverine Asset Management, an estimated $461K sold.
Based on aggregated 13F filings for Q4 2020.