Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Invesco Tr Invt Grade Muns (VGM)

102 + Investors. Track Smart Money conviction in VGM. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
1Q ▲
Buyers last Q
60%

Smart Money Signals — VGM

Based on 109 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added VGM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
109 funds currently hold this stock — 94% of the 3.0-year high of 116 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding VGM is almost the same as a year ago (+2 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟢

More buyers than sellers — 60% buying

55 buying37 selling
Last quarter: 55 funds were net buyers (19 opened a brand new position + 36 added to an existing one). Only 37 were sellers (26 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter
Funds opening a new VGM position: 20 → 9 → 9 → 19. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 20% medium ■ 18% new
67 out of 109 hedge funds have held VGM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~19 new funds/quarter

12 → 20 → 9 → 9 → 19 new funds/Q
New funds entering each quarter: 20 → 9 → 9 → 19. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 64% veterans vs 28% newcomers

■ 64% veterans ■ 8% 1-2yr ■ 28% new
Entry-cohort mix of 109 holders: 70 (64%) are 2+ year veterans, 9 entered 1–2 years ago, and 30 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
15 of 109 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in VGM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — VGM

In 2026 Q1, 55 hedge funds were net buyers of VGM (19 opened a new position, 36 added to an existing one), while 37 reduced or exited (26 trimmed, 11 sold completely) — a 60% buyer ratio, indicating clear institutional accumulation. 40% of total institutional value in VGM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 109.

Hedge Fund Ownership: VGM

How many hedge funds hold VGM — quarterly history vs. share price
Quarterly hedge fund ownership of VGM vs. share price

Market Analysis: VGM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: VGM

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: VGM
102 + Investors

Track Smart Money conviction in VGM. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 102 109 -6.42%
13F Shares 12M 12M 2.39%
Total Value $121M $106M 14.79%
New Positions 10 19 -9
Increased Positions 39 36 +3
Closed Positions 17 11 +6
Reduced Positions 21 26 -5
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: VGM

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

102 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in VGM. Verified SEC 13F-HR filings.

QUARTER:
Top 25 VGM holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Regatta Research & Money Management 1.14% 113,376 $1.2M
2 Melone Private Wealth, LLC 0.93% 231,002 $2.4M
3 Whipplewood Advisors, LLC 0.50% 69,481 $736K
4 Wealth Care LLC 0.43% 50,000 $530K
5 Hennion & Walsh Asset Management, Inc. 0.38% 1,247,281 $13.2M
6 Indiana Trust & Investment Management Co 0.35% 122,000 $1.3M
7 Greatmark Investment Partners, INC. 0.29% 248,750 $2.6M
8 N.E.W. Advisory Services LLC 0.27% 373,821 $4.0M
9 Cutler Capital Management, LLC 0.24% 86,117 $913K
10 Melfa Wealth Management, INC. 0.21% 37,360 $396K
11 Burford Brothers, Inc. 0.18% 46,421 $492K
12 Worth Asset Management, LLC 0.17% 50,005 $530K
13 Gridiron Partners, LLC 0.15% 27,029 $287K
14 Closed-End Fund Advisors, Inc. 0.14% 13,663 $145K
15 Tyche Wealth Partners LLC 0.12% 78,648 $834K
16 Claro Advisors Inc. 0.11% 99,973 $1.1M
17 Carroll Advisory Group, LLC 0.08% 23,329 $247K
18 Kercheville Advisors, LLC 0.07% 22,174 $235K
19 Guggenheim Capital LLC 0.07% 1,061,614 $11.3M
20 Wealth Alliance Advisory Group, LLC 0.07% 44,891 $476K
21 LexAurum Advisors, LLC 0.07% 55,976 $593K
22 Sovereign Financial Group, Inc. 0.05% 30,892 $327K
23 Zullo Investment Group, Inc. 0.05% 13,500 $143K
24 WealthBridge Capital Management, LLC 0.05% 22,500 $238K
25 WMG Financial Advisors, LLC 0.04% 10,948 $116K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Invesco Tr Invt Grade Muns (VGM)

What does the Smart Money Trend signal show for VGM?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added VGM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for VGM?

More buyers than sellers — 60% buying: Last quarter: 55 funds were net buyers (19 opened a brand new position + 36 added to an existing one). Only 37 were sellers (26 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for VGM holders?

Elite ownership — 40% AUM from top-100 funds: 15 of 109 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in VGM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held VGM?

61% of holders stayed for 2+ years: 67 out of 109 hedge funds have held VGM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →