Vault-13

INVESCO TR INVT GRADE MUNS VGM

COM · Closed-End Fund · CUSIP 46131M106

116 institutional holders +7 vs Q1 2025
16,323,44116.3m shares reported held*
$154.9mreported value*
19 new 38 added 32 reduced 11 sold out net sold ≈ $40.1m (-4.3m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $9.49.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 89Q4 22: 95Q1 23: 89Q2 23: 92Q3 23: 86Q4 23: 109Q1 24: 101Q2 24: 103Q3 24: 104Q4 24: 111Q1 25: 109Q2 25: 116116Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202289
Q4 202295
Q1 202389
Q2 202392
Q3 202386
Q4 2023109
Q1 2024101
Q2 2024103
Q3 2024104
Q4 2024111
Q1 2025109
Q2 2025116

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 23: 39 bought or addedQ3 23: 39 cut or sold outQ4 23: 53 bought or addedQ4 23: 32 cut or sold outQ4 23Q1 24: 47 bought or addedQ1 24: 49 cut or sold outQ2 24: 43 bought or addedQ2 24: 41 cut or sold outQ2 24Q3 24: 51 bought or addedQ3 24: 38 cut or sold outQ4 24: 50 bought or addedQ4 24: 33 cut or sold outQ4 24Q1 25: 45 bought or addedQ1 25: 44 cut or sold outQ2 25: 57 bought or addedQ2 25: 43 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233939
Q4 20235332
Q1 20244749
Q2 20244341
Q3 20245138
Q4 20245033
Q1 20254544
Q2 20255743

Biggest buyers

ROYAL BANK OF CANADA Added +308,681+308.7k
GUGGENHEIM CAPITAL LLC Added +208,225+208.2k
WELLS FARGO & COMPANY/MN Added +113,672+113.7k
BANK OF AMERICA CORP /DE/ Added +95,282+95.3k
MERCER GLOBAL ADVISORS INC /ADV New +68,105+68.1k
ENVESTNET ASSET MANAGEMENT INC New +58,949+58.9k
Leo Wealth, LLC Added +58,796+58.8k
LexAurum Advisors, LLC Added +53,905+53.9k
STIFEL FINANCIAL CORP Added +46,140+46.1k
Rockefeller Capital Management L.P. Added +45,539+45.5k

Biggest sellers

Karpus Management, Inc. Reduced -1,281,993-1.3m
SIT INVESTMENT ASSOCIATES INC Reduced -1,273,653-1.3m
RIVERNORTH CAPITAL MANAGEMENT, LLC Reduced -989,286-989.3k
Pathstone Holdings, LLC Sold out -968,318-968.3k
TRUIST FINANCIAL CORP Reduced -322,507-322.5k
LPL Financial LLC Reduced -285,007-285.0k
ROBINSON CAPITAL MANAGEMENT, LLC Reduced -207,688-207.7k
VAN ECK ASSOCIATES CORP Reduced -54,458-54.5k
Thomas J. Herzfeld Advisors, Inc. Sold out -47,965-48.0k
Invesco Ltd. Reduced -41,346-41.3k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
JPMorgan Chase Bank, N.A. 13G · institution filed 2025-09-08 100.0% 1.8k 2025-09-08

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Karpus Management, Inc. 0.56% of their portfolio Pittsford, NY 1,822,7411.8m $17.3m $17.3m 0.56% Reduced -1.3m -1,281,993
2 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.86% of their portfolio WEST PALM BEACH, FL 1,643,4891.6m $15.6m $15.6m 0.86% Reduced -989.3k -989,286
3 ROBINSON CAPITAL MANAGEMENT, LLC 4.73% of their portfolio GROSSE POINTE FARMS, MI 1,189,1861.2m $11.3m $11.3m 4.73% Reduced -207.7k -207,688
4 GUGGENHEIM CAPITAL LLC 0.08% of their portfolio CHICAGO, IL 1,088,3571.1m $10.3m $10.3m 0.08% Added +208.2k +208,225
5 SIT INVESTMENT ASSOCIATES INC 0.15% of their portfolio Minneapolis, MN 727,956728.0k $6.9m $6.9m 0.15% Reduced -1.3m -1,273,653
6 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 723,264723.3k $6.9m $6.9m 0.01% Reduced -322.5k -322,507
7 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 550,141550.1k $5.2m $5.2m 0.00% Added +113.7k +113,672
8 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 547,158547.2k $5.2m $5.2m 0.00% Added +308.7k +308,681
9 UBS Group AG 0.00% of their portfolio ZURICH, V8 532,661532.7k $5.1m $5.1m 0.00% Reduced -2.6k -2,565
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 528,708528.7k $5.0m $5.0m 0.00% Added +13.6k +13,627
11 Fiera Capital Corp 0.02% of their portfolio MONTREAL, A8 511,221511.2k $4.9m $4.9m 0.02% Reduced -7.6k -7,626
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 434,009434.0k $4.1m $4.1m 0.00% Added +95.3k +95,282
13 MacKay Shields LLC 0.11% of their portfolio New York, NY 370,162370.2k $3.5m $3.5m 0.11% Unchanged
14 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 361,664361.7k $3.4m $3.4m 0.01% Reduced -8.7k -8,696
15 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 347,826347.8k $3.3m $3.3m 0.00% Reduced -18.9k -18,884
16 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 271,180271.2k $2.6m $2.6m 0.00% Reduced -54.5k -54,458
17 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 239,908239.9k $2.3m $2.3m 0.00% Added +46.1k +46,140
18 GREATMARK INVESTMENT PARTNERS, INC. 0.28% of their portfolio COLUMBUS, GA 236,250236.2k $2.2m $2.2m 0.28% Added +5.0k +5,000
19 Leo Wealth, LLC 0.17% of their portfolio HURST, TX 234,554234.6k $2.2m $2.2m 0.17% Added +58.8k +58,796
20 KENNEDY INVESTMENT GROUP, INC. 0.83% of their portfolio WEST DEPTFORD, NJ 204,916204.9k $1.9m $1.9m 0.83% Reduced -24.2k -24,219
21 Advisors Asset Management, Inc. 0.03% of their portfolio Monument, CO 201,243201.2k $1.9m $1.9m 0.03% Reduced -7.4k -7,372
22 Melone Private Wealth, LLC 0.91% of their portfolio AUBURN HILLS, MI 188,061188.1k $1.8m $1.8m 0.91% Added +12.0k +11,952
23 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 182,007182.0k $1.7m $1.7m 0.00% Reduced -3.8k -3,814
24 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 174,381174.4k $1.7m $1.7m 0.00% Reduced -285.0k -285,007
25 Indiana Trust & Investment Management Co 0.54% of their portfolio MISHAWAKA, IN 173,147173.1k $1.6m $1.6m 0.54% Added +1.1k +1,147
26 LexAurum Advisors, LLC 0.25% of their portfolio OVERLAND PARK, KS 167,556167.6k $1.6m $1.6m 0.25% Added +53.9k +53,905
27 Gridiron Partners, LLC 0.88% of their portfolio Wexford, PA 149,983150.0k $1.4m $1.4m 0.88% Unchanged
28 ABSOLUTE INVESTMENT ADVISERS, LLC 0.16% of their portfolio ROSEMARY BEACH, FL 134,211134.2k $1.3m $1.3m 0.16% Added +26.2k +26,217
29 Claro Advisors Inc. 0.16% of their portfolio BOSTON, MA 103,398103.4k $981.2k $981.2k 0.16% Reduced -120 -120
30 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 102,400102.4k $971.8k $971.8k 0.01% Added +5.7k +5,683
31 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 101,750101.8k $965.6k $965.6k 0.00% Reduced -41.3k -41,346
32 Dakota Wealth Management 0.02% of their portfolio PALM BEACH GARDENS, FL 97,20097.2k $922.4k $922.4k 0.02% Reduced -800 -800
33 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 89,33889.3k $847.8k $847.8k 0.00% Added +45.5k +45,539
34 Cutler Capital Management, LLC 0.28% of their portfolio WORCESTER, MA 86,11786.1k $817.3k $817.3k 0.28% Unchanged
35 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 84,82184.8k $805.0k $805.0k 0.00% Unchanged
36 ROTHSCHILD INVESTMENT LLC 0.05% of their portfolio CHICAGO, IL 83,30083.3k $790.5k $790.5k 0.05% Reduced -30.5k -30,500
37 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 78,00978.0k $741.7k $741.7k 0.00% Added +31.2k +31,189
38 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 71,25871.3k $676.2k $676.2k 0.00% Added +290 +290
39 Tyche Wealth Partners LLC 0.13% of their portfolio PLANO, TX 70,59870.6k $670.0k $670.0k 0.13% Unchanged
40 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 68,10568.1k $646.3k $646.3k 0.00% New
41 Whipplewood Advisors, LLC 0.34% of their portfolio LITTLETON, CO 65,45865.5k $621.2k $621.2k 0.34% Reduced -39.0k -38,969
42 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 63,28963.3k $601.0k $601.0k 0.00% Added +15.8k +15,778
43 Capital Investment Advisory Services, LLC 0.05% of their portfolio RALEIGH, NC 61,21861.2k $581.0k $581.0k 0.05% Added +29 +29
44 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 60,77660.8k $576.8k $576.8k 0.00% Added +36.7k +36,707
45 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 58,94958.9k $559.4k $559.4k 0.00% New
46 Hennion & Walsh Asset Management, Inc. 0.02% of their portfolio Parsippany, NJ 56,03656.0k $531.8k $531.8k 0.02% Reduced -794 -794
47 Quarry LP 0.12% of their portfolio NEW YORK, NY 53,68353.7k $509.5k $509.5k 0.12% Added +14.6k +14,647
48 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 51,26551.3k $486.5k $486.5k 0.00% Reduced -360 -360
49 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 40,02040.0k $379.8k $379.8k 0.00% Added +708 +708
50 MELFA WEALTH MANAGEMENT, INC. 0.22% of their portfolio WESTBOROUGH, MA 37,36037.4k $354.5k $354.5k 0.22% Unchanged
51 N.E.W. Advisory Services LLC 0.03% of their portfolio DE PERE, WI 36,93136.9k $350.5k $350.5k 0.03% New
52 M Holdings Securities, Inc. 0.05% of their portfolio PORTLAND, OR 33,53033.5k $318.0k $318.0k 0.05% New
53 Sovereign Financial Group, Inc. 0.06% of their portfolio STAMFORD, CT 30,43030.4k $288.8k $288.8k 0.06% Added +2.5k +2,481
54 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 30,00030.0k $285.0k $285.0k 0.00% Unchanged
55 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 28,35628.4k $269.1k $269.1k 0.01% Added +12.8k +12,750
56 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 28,13128.1k $267.0k $267.0k 0.00% Reduced -4.4k -4,417
57 Burford Brothers, Inc. 0.12% of their portfolio DALLAS, TX 27,62527.6k $262.2k $262.2k 0.12% New
58 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 25,35225.4k $240.6k $240.6k 0.01% Added +3.6k +3,576
59 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 24,26424.3k $230.3k $230.3k 0.00% Added +4.9k +4,949
60 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 23,07023.1k $218.9k $218.9k 0.00% Reduced -600 -600
61 StoneX Group Inc. 0.01% of their portfolio NEW YORK, NY 22,80222.8k $216.4k $216.4k 0.01% Added +3.3k +3,306
62 WealthBridge Capital Management, LLC 0.05% of their portfolio WESTERVILLE, OH 22,50022.5k $213.5k $213.5k 0.05% Added +2.5k +2,500
63 CALTON & ASSOCIATES, INC. 0.04% of their portfolio Tampa, FL 21,99922.0k $208.8k $208.8k 0.04% Added +8.8k +8,789
64 RIVERBRIDGE PARTNERS LLC 0.00% of their portfolio MINNEAPOLIS, MN 21,70721.7k $206.0k $206.0k 0.00% Added +1.1k +1,087
65 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 20,95321.0k $198.8k $198.8k 0.00% New
66 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 20,47120.5k $194.3k $194.3k 0.00% Reduced -651 -651
67 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 18,69418.7k $177.4k $177.4k 0.00% Unchanged
68 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 18,53918.5k $175.9k $175.9k 0.00% Reduced -3.1k -3,091
69 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 18,29218.3k $173.6k $173.6k 0.00% Added +3.0k +2,987
70 Focus Partners Advisor Solutions, LLC 0.00% of their portfolio SAINT LOUIS, MO 17,81817.8k $169.1k $169.1k 0.00% New
71 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 17,67417.7k $167.7k $167.7k 0.00% New
72 AlphaCore Capital LLC 0.01% of their portfolio LA JOLLA, CA 16,04016.0k $152.2k $152.2k 0.01% Added +319 +319
73 Wealth Alliance Advisory Group, LLC 0.03% of their portfolio Wichita, KS 15,73715.7k $149.3k $149.3k 0.03% Unchanged
74 Institute for Wealth Management, LLC. 0.02% of their portfolio DENVER, CO 15,10015.1k $143.3k $143.3k 0.02% Unchanged
75 Kercheville Advisors, LLC 0.05% of their portfolio San Antonio, TX 14,55114.6k $138.1k $138.1k 0.05% Added +1.0k +1,031
76 Dynamic Advisor Solutions LLC 0.00% of their portfolio PHOENIX, AZ 14,25014.2k $135.2k $135.2k 0.00% Added +600 +600
77 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 14,00014.0k $132.9k $132.9k 0.00% New
78 Zullo Investment Group, Inc. 0.05% of their portfolio SCRANTON, PA 13,50013.5k $128.1k $128.1k 0.05% Unchanged
79 Summit Trail Advisors, LLC 0.00% of their portfolio NEW YORK, NY 13,38013.4k $127.0k $127.0k 0.00% Added +1.0k +1,003
80 Capital Investment Advisors, LLC 0.00% of their portfolio ATLANTA, GA 13,05513.1k $123.9k $123.9k 0.00% Added +500 +500
81 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 12,98613.0k $123.2k $123.2k 0.00% New
82 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 12,69212.7k $120.0k $120.0k 0.00% Reduced -2.2k -2,169
83 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 11,88311.9k $112.8k $112.8k 0.00% Reduced -200 -200
84 Catalina Capital Group, LLC 0.07% of their portfolio Torrance, CA 11,05011.1k $104.9k $104.9k 0.07% Unchanged
85 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 11,01011.0k $104.5k $104.5k 0.00% Unchanged
86 Alesco Advisors, LLC, An ESL Co 0.00% of their portfolio Pittsford, NY 11,00011.0k $104.4k $104.4k 0.00% Unchanged
87 WMG Financial Advisors, LLC 0.04% of their portfolio Knoxville, TN 10,96511.0k $104.1k $104.1k 0.04% New
88 MOODY NATIONAL BANK TRUST DIVISION 0.01% of their portfolio GALVESTON, TX 10,94810.9k $103.9k $103.9k 0.01% Unchanged
89 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 10,30510.3k $97.8k $97.8k 0.00% Unchanged
90 Cornerstone Wealth Management, LLC 0.01% of their portfolio ST. PETERS, MO 10,27110.3k $97.5k $97.5k 0.01% New
91 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.02% of their portfolio BLUE BELL, PA 10,11110.1k $96.0k $96.0k 0.02% Reduced -1.5k -1,489
92 High Note Wealth, LLC 0.02% of their portfolio DEEPHAVEN, MN 7,0477.0k $66.9k $66.9k 0.02% Reduced -700 -700
93 Mountain Hill Investment Partners Corp. 0.06% of their portfolio ATLANTIC HIGHLANDS, NJ 7,0007.0k $66.4k $66.4k 0.06% Unchanged
94 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 6,2276.2k $59.0k $59.0k 0.00% Added +1.7k +1,686
95 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 3,6473.6k $34.6k $34.6k 0.00% Added +997 +997
96 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,9002.9k $27.5k $27.5k 0.00% Reduced -1.1k -1,100
97 CX Institutional 0.00% of their portfolio AUBURN, IN 2,3992.4k $23.0k $23.0k 0.00% Unchanged
98 EASTERN BANK 0.00% of their portfolio BOSTON, MA 2,1862.2k $20.7k $20.7k 0.00% Unchanged
99 Elequin Capital, LP 0.00% of their portfolio NEW YORK, NY 1,4821.5k $14.1k $14.1k 0.00% New
100 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 1,3271.3k $12.6k $12.6k 0.00% Reduced -46 -46