Invesco Trust for Investment Grade New York Municipals
VTN
37 hedge funds and large institutions have $52.2M invested in Invesco Trust for Investment Grade New York Municipals in 2023 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 2 closing their positions.
11% more capital invested
Capital invested by funds: $47.2M → $52.2M (+$5.02M)
2.86% more ownership
Funds ownership: 23.31% → 26.17% (+2.9%)
0% more funds holding
Funds holding: 37 → 37 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.36M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$640K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$441K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$295K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$913K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$243K |
| 3 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
-$234K |
| 4 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$144K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$102K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Stifel Financial
St. Louis,
Missouri
| $214K | -$27.5K | -2,704 | -11% |
|
|
PGFC
27
Peapack-Gladstone Financial Corp
Bedminster,
New Jersey
| $205K | -$8.21K | -808 | -4% |
|
28
MML Investors Services
Springfield,
Massachusetts
| $135K | – | – | – |
|
|
CNBT
29
Canandaigua National Bank & Trust
Canandaigua,
New York
| $133K | – | – | – |
|
|
HKAM
30
Horizon Kinetics Asset Management
New York
| $106K | – | – | – |
|
|
31
Wells Fargo
San Francisco,
California
| $96.6K | -$102K | -10,018 | -51% |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| $86.3K | +$85.8K | +8,440 | New |
|
|
UB
33
UMB Bank
Kansas City,
Missouri
| $16.1K | – | – | – |
|
|
FWM
34
Focused Wealth Management
Newburgh,
New York
| $12.9K | +$122 | +12 | +1% |
|
|
HCM
35
Highlander Capital Management
Short Hills,
New Jersey
| $11K | – | – | – |
|
|
WP
36
WealthPLAN Partners
Omaha,
Nebraska
| $3.1K | – | – | – |
|
37
JP Morgan Chase
New York
| $1.17K | +$315 | +31 | +37% |
|
38
Cohen & Steers
New York
| – | -$78K | -7,500 | Closed |
|
|
BAM
39
Belpointe Asset Management
Reno,
Nevada
| – | -$5.23K | -500 | Closed |
|
VTN Hedge Fund Activity: Q2 2023 in Review
37 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust for Investment Grade New York Municipals (VTN) for Q2 2023, worth a combined $52.2M — up 11% from $47.2M a quarter earlier.
Fund positioning in VTN was balanced in Q2 2023: 2 funds opened new positions, 2 closed out, 10 added to existing stakes and 12 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $4.3M. The largest seller was Karpus Investment Management, cutting an estimated $913K.
- 37 institutional investors held Invesco Trust for Investment Grade New York Municipals (VTN) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $52.2M of Invesco Trust for Investment Grade New York Municipals stock for Q2 2023, up 11% quarter-over-quarter.
- 2 funds opened new Invesco Trust for Investment Grade New York Municipals positions in Q2 2023 and 2 closed out, a net change of 0 holders.
- The largest Invesco Trust for Investment Grade New York Municipals buyer in Q2 2023 was Saba Capital Management, an estimated $4.3M added.
- The largest Invesco Trust for Investment Grade New York Municipals seller in Q2 2023 was Karpus Investment Management, an estimated $913K sold.
Based on aggregated 13F filings for Q2 2023.