Invesco Trust Investment Grade Municipals (VGM)

• Market cap: $535M
• 1 day: 0.20%
• 5 days: -2.28%
• 1 month: -3.90%
• 3 months: -6.72%
• 6 months: -3.24%
• Year to date: 0.20%
• 1 year: 1.02%
• 5 years: -22.67%
• 10 years: -25.02%

About: Invesco Trust for Investment Grade Municipals is active in the financial services sector. Its investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

24% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 29

3% more funds holding

Funds holding: 98 [Q2] → 101 (+3) [Q3]

4.26% less ownership

Funds ownership: 41.58% [Q2] → 37.32% (-4.26%) [Q3]

8% less capital invested

Capital invested by funds: $232M [Q2] → $214M (-$18M) [Q3]