Invesco Trust for Investment Grade New York Municipals
VTN
37 hedge funds and large institutions have $69.7M invested in Invesco Trust for Investment Grade New York Municipals in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
35% more capital invested
Capital invested by funds: $51.7M → $69.7M (+$18M)
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
5.27% more ownership
Funds ownership: 29.09% → 34.37% (+5.3%)
0% more funds holding
Funds holding: 37 → 37 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$12.8M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.79M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.67M |
| 4 |
Lido Advisors
Los Angeles,
California
|
+$1.62M |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
+$1.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$10.3M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.18M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$359K |
| 4 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
-$288K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$286K |
VTN Hedge Fund Activity: Q4 2023 in Review
37 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust for Investment Grade New York Municipals (VTN) for Q4 2023, worth a combined $69.7M — up 35% from $51.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new VTN positions and 7 closed out — a net gain of 1 holder — while 12 added to existing stakes and 8 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $12.8M. The largest seller was Karpus Investment Management, cutting an estimated $10.3M.
- 37 institutional investors held Invesco Trust for Investment Grade New York Municipals (VTN) as of Q4 2023, unchanged from Q3 2023.
- Funds reported $69.7M of Invesco Trust for Investment Grade New York Municipals stock for Q4 2023, up 35% quarter-over-quarter.
- 8 funds opened new Invesco Trust for Investment Grade New York Municipals positions in Q4 2023 and 7 closed out, a net change of +1 holder.
- The largest Invesco Trust for Investment Grade New York Municipals buyer in Q4 2023 was Saba Capital Management, an estimated $12.8M added.
- The largest Invesco Trust for Investment Grade New York Municipals seller in Q4 2023 was Karpus Investment Management, an estimated $10.3M sold.
Based on aggregated 13F filings for Q4 2023.