Who Owns Invesco Trust Investment Grade Municipals (VGM)?Hedge Fund & Institutional Holders

$10.31-0.04 (-0.34%)TechnologyNYSE

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$InfinityT

% of Float Held

—

QoQ Change in Holders

+12 / -5

Price History

$9.39$9.71$10.04$10.36$10.68Aug 24Jun 25Mar 26

VGM — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
Hennion & Walsh Asset Management, Inc.New Position+499K+$5.2B
MACKAY SHIELDS LLCNew Position+309K+$3.2B
Melone Private Wealth, LLCNew Position+195K+$2.0B
Indiana Trust & Investment Management CoNew Position+164K+$1.7B
N.E.W. Advisory Services LLCNew Position+124K+$1.3B
COMMONWEALTH EQUITY SERVICES, LLCNew Position+160K+$1.0B
Leo Wealth, LLCIncreased+79K+$867.2M
Tyche Wealth Partners LLCNew Position+82K+$851.0M
Whipplewood Advisors, LLCNew Position+71K+$737.0M
Capital Investment Advisory Services, LLCNew Position+66K+$688.0M
MELFA WEALTH MANAGEMENT, INC.New Position+37K+$387.0M
Sovereign Financial Group, Inc.New Position+31K+$318.0M
ROBINSON CAPITAL MANAGEMENT, LLCIncreased+1K+$304.5M
UBS Group AGIncreased+15K+$296.4M
Burford Brothers, Inc.New Position+28K+$286.0M

VGM — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
RIVERNORTH CAPITAL MANAGEMENT, LLCDecreased-577K-$5.7B
Fiera Capital CorpClosed Position-507K-$5.1B
WELLS FARGO & COMPANY/MNDecreased-31K-$1.4B
RAYMOND JAMES FINANCIAL INCDecreased-23K-$972.4M
MERCER GLOBAL ADVISORS INC /ADVDecreased-50K-$916.0M
OSAIC HOLDINGS, INC.Decreased-28K-$862.5M
Private Advisor Group, LLCDecreased-834-$701.3M
Quarry LPClosed Position-49K-$495.3M
Rockefeller Capital Management L.P.Decreased-4K-$461.0M
BANK OF MONTREAL /CAN/Closed Position-41K-$412.7M
HARBOUR INVESTMENTS, INC.Decreased-1K-$277.0M
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CODecreased-23K-$250.1M
Dynamic Advisor Solutions LLCDecreased-100-$144.1M
Summit Trail Advisors, LLCClosed Position-14K-$138.1M
Integrated Wealth Concepts LLCClosed Position-11K-$111.4M

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1ROBINSON CAPITAL MANAGEMENT, LLC1,168,261$12.1B4.95%Share
2GUGGENHEIM CAPITAL LLC1,242,714$12.0B85.93%Share
3UBS Group AG568,689$5.9B0.96%Share
4Hennion & Walsh Asset Management, Inc.498,772$5.2B0.18%Share
5AMERIPRISE FINANCIAL INC432,699$4.0B0.90%Share
6BANK OF AMERICA CORP /DE/474,197$4.0B0.29%Share
7RIVERNORTH CAPITAL MANAGEMENT, LLC364,777$3.8B0.18%Share
8ROYAL BANK OF CANADA342,592$3.0B0.49%Share
9WELLS FARGO & COMPANY/MN329,147$3.0B0.55%Share
10Leo Wealth, LLC261,050$2.7B0.20%Share
11Melone Private Wealth, LLC195,377$2.0B0.86%Share
12Advisors Asset Management, Inc.195,389$2.0B33.58%Share
13STIFEL FINANCIAL CORP236,757$2.0B1.80%Share
14WELLS FARGO & COMPANY/MN270,402$2.0B0.36%Share
15MACKAY SHIELDS LLC185,906$1.9B0.07%Share
16Indiana Trust & Investment Management Co163,647$1.7B0.50%Share
17Gridiron Partners, LLC149,983$1.6B0.89%Share
18N.E.W. Advisory Services LLC124,460$1.3B0.10%Share
19MACKAY SHIELDS LLC122,637$1.3B0.04%Share
20Stratos Wealth Partners, LTD.108,515$1.1B12.72%Share
21COMMONWEALTH EQUITY SERVICES, LLC159,679$1.0B1.33%Share
22RAYMOND JAMES FINANCIAL INC120,097$1.0B0.31%Share
23Invesco Ltd.92,786$962.0M0.15%Share
24Tyche Wealth Partners LLC82,098$851.0M0.14%Share
25Whipplewood Advisors, LLC71,160$737.0M0.47%Share
26Capital Investment Advisory Services, LLC66,406$688.0M0.05%Share
27MELFA WEALTH MANAGEMENT, INC.37,360$387.0M0.22%Share
28Sovereign Financial Group, Inc.30,703$318.0M0.05%Share
29Burford Brothers, Inc.27,625$286.0M0.12%Share
30WealthBridge Capital Management, LLC22,500$233.0M0.05%Share
31Kercheville Advisors, LLC22,112$226.0M0.06%Share
32Cornerstone Wealth Management, LLC17,165$177.0M0.01%Share
33Compound Planning, Inc.16,796$174.0M0.01%Share
34Capital Investment Advisors, LLC13,795$143.0M2.18%Share
35Zullo Investment Group, Inc.13,500$139.0M0.05%Share
36KEYBANK NATIONAL ASSOCIATION/OH11,883$123.0M0.44%Share
37Catalina Capital Group, LLC11,104$115.0M0.07%Share
38ALESCO ADVISORS LLC11,000$114.0M0.00%Share
39WMG Financial Advisors, LLC10,879$112.0M0.05%Share
40KENNEDY INVESTMENT GROUP10,419$108.0M0.04%Share
41Camelot Portfolios, LLC9,900$102.0M0.06%Share
42Mountain Hill Investment Partners Corp.7,000$72.0M0.05%Share
43COMERICA BANK2,870$29.0M0.12%Share
44COMERICA BANK2,500$25.0M0.10%Share
45EASTERN BANK2,186$22.0M0.38%Share
46US BANCORP \DE\2,041$21.0M0.02%Share
47HIGHLINE WEALTH PARTNERS LLC1,000$10.0M0.00%Share
48ASSETMARK, INC809$8.0M0.02%Share
49LPL Financial LLC855,464$8.0M0.00%Share
50SIT INVESTMENT ASSOCIATES INC723,224$7.0M0.14%Share

VGM Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025101$80.8B+35
Q3 202566$87.4B-38
Q2 2025104$112.7B-2
Q1 2025106$161.0B+15
Q4 202491$2.0T+14
Q3 202477$5.4T+1
Q2 202476$7.3T+4
Q1 202472$122.1T—

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As of Q4 2025, 50 institutional investors hold VGM (Invesco Trust Investment Grade Municipals). The largest holder is ROBINSON CAPITAL MANAGEMENT, LLC with $12.1B in shares. This quarter, 12 institutions opened new positions and 5 closed their positions.

Frequently Asked Questions

How many hedge funds own VGM?

As of Q4 2025, 50 institutional investors report holding VGM (Invesco Trust Investment Grade Municipals) in their 13F filings.

Who is the largest institutional holder of VGM?

The largest institutional holder of VGM is ROBINSON CAPITAL MANAGEMENT, LLC with $12.1B in shares.

Is institutional ownership of VGM increasing or decreasing?

This quarter, 12 institutions opened new positions in VGM and 5 closed their positions.