Invesco Trust for Investment Grade New York Municipals
VTN
35 hedge funds and large institutions have $23M invested in Invesco Trust for Investment Grade New York Municipals in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
31% more capital invested
Capital invested by funds: $17.6M → $23M (+$5.44M)
30% more funds holding
Funds holding: 27 → 35 (+8)
3.17% more ownership
Funds ownership: 5.75% → 8.92% (+3.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.43M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$1.05M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$978K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$709K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$656K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$298K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$219K |
| 3 |
HCA
Harbour Capital Advisors
Tysons Corner,
Virginia
|
-$206K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$197K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$165K |
VTN Hedge Fund Activity: Q4 2016 in Review
35 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust for Investment Grade New York Municipals (VTN) for Q4 2016, worth a combined $23M — up 31% from $17.6M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new VTN positions and 4 closed out — a net gain of 9 holders — while 9 added to existing stakes and 5 trimmed.
The largest buyer was Landscape Capital Management, opening a new position worth an estimated $1.43M. The largest seller was Royal Bank of Canada, cutting an estimated $298K.
- 35 institutional investors held Invesco Trust for Investment Grade New York Municipals (VTN) as of Q4 2016, up from 27 in Q3 2016.
- Funds reported $23M of Invesco Trust for Investment Grade New York Municipals stock for Q4 2016, up 31% quarter-over-quarter.
- 13 funds opened new Invesco Trust for Investment Grade New York Municipals positions in Q4 2016 and 4 closed out, a net change of +9 holders.
- The largest Invesco Trust for Investment Grade New York Municipals buyer in Q4 2016 was Landscape Capital Management, an estimated $1.43M added.
- The largest Invesco Trust for Investment Grade New York Municipals seller in Q4 2016 was Royal Bank of Canada, an estimated $298K sold.
Based on aggregated 13F filings for Q4 2016.